Spring Forecast 2026
MARCH 2026
During a week dominated by news of the Middle East conflict, on 3 March 2026, Chancellor Rachel Reeves presented the Spring Forecast to Parliament. The Chancellor told MPs she had “restored economic stability” as she presented the Office for Budget Responsibility’s (OBR’s) economic forecasts.
The Chancellor focused on how the government’s policies are delivering economic growth, particularly when looking at gross domestic product (GDP) per person. However, the OBR’s report indicates a more nuanced picture and notes that the fiscal context for the next Budget will remain challenging.
As part of the government’s policy of one major fiscal event a year, the Chancellor announced no new tax or spending policies. However, the OBR’s forecasts do provide some early clues about future tax and spending pressures.
Find out what the updated forecast means for you by clicking here to download our Forecast Summary, which looks at implications for both individuals and companies.
If you have any questions on the key tax changes you need to be aware of from April 2026, please don’t hesitate to call us on 01642 606003.