Spring Budget Date Announced

The Chancellor, Jeremy Hunt, has announced that the Spring Budget 2023 will take place on Wednesday 15 March.

In his statement, he said:

I can inform the House that I have asked the Office for Budget Responsibility (OBR) to prepare a forecast for 15 March 2023 to accompany a Spring Budget.

This forecast, in addition to the forecast that took place in November 2022, will fulfil the obligation for the OBR to produce at least two forecasts in a financial year, as is required by legislation.