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| Presented | 3 March 2026 |
|---|---|
| Parliament | 59th |
| Party | Labour Party |
| Chancellor | Rachel Reeves |
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|---|---|---|
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Chancellor of the Exchequer (2024–present)
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The March 2026 United Kingdom spring statement was delivered to the House of Commons by Rachel Reeves, the chancellor of the exchequer, on 3 March 2026.
Background
On 3 March 2026, the spring budget statement was given to the House of Commons by the chancellor of the exchequer, Rachel Reeves.[1]
The statement
In the statement, Reeves said it was the "right economic plan" for the UK as the budget watchdog slashed its forecast of growth for the year.[2]
The statement did not contain any major tax or policy changes, but did confirm that previously announced pension, benefits and savings changes are coming into force.[1]
References
- Winchester, Levi; John, Lucy (3 March 2026). "What the 2026 Spring Statement means for your money, pension and benefits". Wales Online. Retrieved 3 March 2026.
- Maddox, David (3 March 2026). "Spring statement live: Reeves insists her economic plan is 'right' despite growth forecast for 2026 being slashed". The Independent. Retrieved 3 March 2026.