Working to make government more effective

Rachel Reeves holding the budget box outside 11 Downing Street She is wearing a dark green suit.
Project

Spring forecast 2026

On Tuesday 3 March, the government will publish the Office for Budget Responsibility's latest set of economic and fiscal forecast.

On Tuesday 3 March, the government published the Office for Budget Responsibility's latest set of economic and fiscal forecast.

The government previously announced its intention to move to one fiscal event a year, an autumn budget. This meant that, compared to previous years, there were fewer new policy announcements alongside the forecast. We have argued that this will help government to make better policy.

The OBR's forecast set out the state of the UK economy and the public finances but, as announced by the chancellor at the 2025 autumn budget, it did not make an explicit judgement about whether the government is on track to meet its fiscal rules.

Follow our explainers and analysis on the spring forecast.

Four things we learnt from Rachel Reeves’s spring forecast 2026

The chancellor’s spring forecast was short and free of new policy content.

Read the comment
Rachel Reeves in the Commons

Our public finances team

Political party
Labour
Administration
Starmer government
Department
HM Treasury
Public figures
Rachel Reeves
Publisher
Institute for Government

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