What is the Spring Forecast – and will Rachel Reeves announce any new policies?

The Treasury has said chancellor Rachel Reeves is committed to one fiscal event each year. Could a challenging economic backdrop force her to reassess this stance when she delivers the Spring Forecast on 26 March?

Chancellor of the exchequer Rachel Reeves
(Image credit: Photographer: Dwayne Senior/Bloomberg via Getty Images)

Pressure is mounting on Chancellor Rachel Reeves as she prepares to deliver her first Spring Statement next week.

Reeves has commissioned the Labour government’s Spring Forecast from the Office for Budget Responsibility (OBR), the UK’s fiscal watchdog. The forecast on the nation’s economic health will be published on 26 March, with Reeves delivering a statement in parliament shortly afterwards.

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Katie Williams
Staff Writer

Katie has a background in investment writing and is interested in everything to do with personal finance, politics, and investing. She enjoys translating complex topics into easy-to-understand stories to help people make the most of their money.

Katie believes investing shouldn’t be complicated, and that demystifying it can help normal people improve their lives.

Before joining the MoneyWeek team, Katie worked as an investment writer at Invesco, a global asset management firm. She joined the company as a graduate in 2019. While there, she wrote about the global economy, bond markets, alternative investments and UK equities.

Katie loves writing and studied English at the University of Cambridge. Outside of work, she enjoys going to the theatre, reading novels, travelling and trying new restaurants with friends.

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