The Chancellor, Rachel Reeves, has asked the Office for Budget Responsibility (OBR) to publish an economic and fiscal forecast on 3 March 2026, which will be released alongside a statement to Parliament.

As outlined in the Budget, the Spring forecast is intended to provide an interim update on the state of the economy and public finances, rather than a formal assessment of the government’s performance against its fiscal mandate.

As a result, the forecast is not expected to lead to immediate changes in tax policy. However, the full implications will only become clear once the forecast has been published and the Chancellor has responded to its findings. We will, of course, keep you informed once further details are available.

See: https://www.gov.uk/government/news/chancellor-announces-date-of-spring-forecast