Spring Statement - Project Open Gov

A fiscal statement usually delivered by the Chancellor outside the main Budget.

Category: Business and economy Finance and spending

Also used as: Spring Statements, fiscal statement

Source / explainer: View the latest Budget collection on GOV.UK

Last reviewed: 3 August 2026

The Spring Statement is a fiscal statement usually delivered by the Chancellor outside the main Budget. It can update Parliament on the economy and public finances and may be accompanied by forecasts from the Office for Budget Responsibility. Depending on government policy, it may include tax or spending announcements.

Related terms

BudgetA major statement setting out the government’s tax, spending and economic plans.Fiscal EventA major government announcement about tax, spending, borrowing or economic policy.HM TreasuryThe UK Government department responsible for public finances, tax policy, spending and economic policy.Office for Budget ResponsibilityThe independent body that produces forecasts and analysis of the UK public finances.