Spring Statement 2018 and new Budget timetable
Released 06 December 2017
HM Treasury have confirmed that the Spring Statement will take place on Tuesday 13 March 2018.
At Autumn Statement 2016 the Chancellor announced that in future he would hold a single fiscal event each year: a Budget to be held in the autumn. Autumn Budget 2017 was the first Budget in this new cycle. From Spring 2018, an annual Spring Statement will accompany an updated economic and fiscal forecast from the Office for Budget Responsibility. The Chancellor will not make significant tax or spending announcements at the Spring Statement, unless the economic circumstances require it. HM Treasury has published a policy document setting out a summary of the timetable and process the Government will use for tax policy making and consultation following the move to a single annual fiscal event.
View the press releases:
View the policy paper: The new Budget timetable and the tax policy making process.