Chancellor to deliver spring budget on 15 March 2023

Chancellor Jeremy Hunt has confirmed, via a Written Ministerial Statement, that the next OBR forecast and Spring budget will be presented on Wednesday 15 March.

The statement reads: “Today I can inform the House that I have asked the Office for Budget Responsibility (OBR) to prepare a forecast for 15 March 2023 to accompany a Spring Budget.

“This forecast, in addition to the forecast that took place in November 2022, will fulfil the obligation for the OBR to produce at least two forecasts in a financial year, as is required by legislation”.