Chancellor Rachel Reeves told the House of Commons on Monday (16 December) that the Office for Budget Responsibility will publish an economic and fiscal forecast on 26 March next year.
The OBR's newly-introduced Spring Forecast is compatible with the Budget Responsibility and National Audit Act 2011, which requires the fiscal watchdog to come up with two forecasts each financial year. The upcoming forecast in March will be accompanied by a statement to parliament from Reeves. OBR warns Reeves' debt rule could cause 'worsening fiscal sustainability' This will be the government's first fiscal event since the Autumn Budget in October, although the chancellor has committed to having just one main fiscal event each year. "The chancellor remains committed to ...
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