Overview
- The Chancellor confirmed the Spring Statement will take place on Tuesday 3 March 2026, an unusual Tuesday slot for a fiscal announcement typically delivered on Wednesdays.
- The Office for Budget Responsibility has been commissioned to produce updated economic and public finance forecasts for the date but will not judge performance against the fiscal mandate.
- The government plans to respond to the OBR publication with a statement to Parliament, and officials have left open the option of issuing that response in writing.
- Treasury officials say setting the date now is intended to provide stability and certainty after months of tax speculation that business groups argue has dampened confidence and delayed investment and hiring.
- Recent data showing an October contraction and the Bank of England’s warning of flat Q4 growth frame the outlook ahead of March’s interim update.