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Spring Statement 2025

24 March 2025

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The Chancellor of the Exchequer will deliver the 2025 Spring Statement in the House of Commons on Wednesday 26 March. 

The statement updates Parliament and the nation on the economy, public finances and progress against the Government’s economic objectives, and is accompanied by publication of an Economic and Fiscal Forecast from the Office for Budget Responsibility (OBR).  

The OBR produce detailed five-year forecasts for the economy and public finances twice a year. The forecasts accompany the Budget Statement (usually in the autumn) and the Spring Statement (which is usually in March). They incorporate the impact of any tax and spending measures announced in those statements by the Chancellor.  

Timings on the day  

  • The Chancellor of the Exchequer will deliver the Spring Statement after Prime Minister’s Questions, at approximately 12.30pm on Wednesday 26 March.  
  • Unlike full Budget Statements which are presided over by the Chairman of Ways and Means, it is possible for the Speaker or any of the Deputy Speakers to be in the Chair.   
  • As is the case with other statements made in the Commons Chamber, the relevant opposition spokesperson will respond – in this case the Shadow Chancellor, followed by a representative for the Liberal Democrats. The Chair of the Treasury Committee is often called to respond at this point.  

Select committee scrutiny   

In the week following the statement, the Treasury Committee will conduct a series of public hearings on the Government’s proposals and the economic and fiscal outlook, gathering evidence from expert witnesses.    

Find out more about the plans for Spring Statement 2025 on the Committee’s website. The Committee will take evidence from the Chancellor of the Exchequer, the Office for Budget Responsibility (OBR) and leading economists.   

Commons Library briefings  

The House of Commons Library has published the following briefing:  

For additional information on briefings, you can contact the House of Commons Library via commonslibrarymedia@parliament.uk. 

 

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