On 3 March 2026, the Chancellor, Rachel Reeves, delivered the Government’s Spring Statement – a mid-year update on the UK’s economic outlook and public finances.
The announcement introduced few new tax measures or spending changes. Instead, it centred on revised forecasts from the Office for Budget Responsibility (OBR) and reiterated the Government’s commitment to economic stability and predictability.
Key points included a downward revision to expected economic growth for 2026, a slight increase in projected unemployment before a gradual improvement, and confirmation of the Government’s fiscal strategy amid continuing global uncertainty — particularly the effects of geopolitical tensions on energy prices and financial markets.
A full overview of the Spring Statement, and what it could mean for you and your finances, is provided here. Spring Statement 2026
