UK Annual Budget Release
Domestic government spending and borrowing levels can have a significant impact on the economy - increased spending generates work for contractors and creates jobs, while borrowing levels impact the nations credit rating and provide insight into the nation's underlying fiscal position;
This document outlines the government's budget for the year, including expected spending and income levels, borrowing levels, financial objectives, and planned investments;
- History
| Expected Impact / Date | Description |
|---|---|
| Mar 3, 2026 | |
| Mar 26, 2025 | |
| Mar 6, 2024 | |
| Mar 15, 2023 | |
| Mar 23, 2022 | |
| Oct 27, 2021 | |
| Mar 3, 2021 | |
| Mar 11, 2020 | |
-
- UK Annual Budget Release News
From @FirstSquawk|Mar 3, 2026|3 commentsUK FINANCE MINISTER REEVES: OBR EXPECT INFLATION TO FALL FASTER THAN IT DID IN AUTUMN UK'S REEVES: OBR FORECASTS SHOW 2026 GDP GROWTH OF 1.1% (NOV FORECAST 1.4%) - OBR FORECASTS SHOW 2027 GDP GROWTH OF 1.6% (NOV FORECAST 1.5%) - OBR FORECASTS SHOW 2028 GDP GROWTH OF 1.6% (NOV FORECAST 1.5%) UK Chancellor Reeves: OBR Expects Unemployment To Peak Later This Year Then Fall UK Chancellor Reeves: We Expect GDP Per Capita To Grow By 5.6% Over Course Of Parliament UK'S REEVES: OBR FORECASTS SHOW 23.6 BLN STG OF HEADROOM VS CURRENT BUDGET FISCAL RULE (NOV FORECAST: 21.7 BLN STG, REUTERS POLL 24 BLN STG)
From @FirstSquawk|Mar 26, 2025|1 commentUK FINANCE MINISTER REEVES: DAY TO DAY SPENDING IN 2029-30 WILL BE 6.1 BLN STG LOWER THAN PLANNED IN OCT REEVES CUTS £3.5B BILLION FROM UK PUBLIC SPENDING PLANS UK's Chancellor Reeves: Public spending is forecast to rise to 45% of GDP next year, before declining over the remainder of the decade to 43.9% of GDP in 2029-30. UK's Chancellor Reeves: We will increase capital spending by an average of £2 bln a year vs Autumn. BREAKING The OBR has halved growth forecasts from 2% to 1% for 2025-26 Reeves attributes the fall in growth to global uncertainty UK's Chancellor Reeves gives the defense ministry an extra £2.2b next year.
From @FirstSquawk|Mar 26, 2025UK OBR: WE NOW EXPECT REAL GDP GROWTH OF 1.0% THIS YEAR || UK OBR: GROWTH RECOVERS TO AVERAGE AROUND 1.75% OVER THE REST OF THE DECADE The OBR wiped out Rachel Reeves's fiscal headroom £9.9billion and then some, leaving her with a gap in the public finances of around £14billion UK's Chancellor Reeves: This statement does not contain any further tax increases. UK FINANCE MINISTER REEVES: OBR ESTIMATE WELFARE CUTS WILL SAVE 4.8 BLN STG || UK OBR: IF PRODUCTIVITY RECOVERY FAILS TO MATERIALISE, OUTPUT WOULD BE 3.2% LOWER BY END OF DECADE, CURRENT BUDGET WOULD BE 1.4% IN DEFICIT UK's Chancellor Reeves: We will bring forward £3.25 bln of investment to deliver public service reforms through a transformation fund.
From youtube.com/thesun|Mar 26, 2025|1 commentRachel Reeves will unveil her Spring Statement today as the state of the public finances are laid bare. The Chancellor will deliver a 20-minute assessment on the UK economy - but she has already signalled it won’t be a "tax and spend" event. However, she is facing trouble ahead on several fronts with government borrowing higher than predicted and growth expected to plummet. She will be told that her headroom of around £10billion from last year has been wiped out. Ms Reeves will deliver the Budget after PMQs in the House of Commons at ...
From think.ing.com|Mar 26, 2025Are we starting to see prices rise in response to the forthcoming rise in employer taxes? UK services inflation stayed at 5% in February, a tad above consensus, in no small part because of a much larger month-on-month rise in catering services prices than we’ve been accustomed to for some time. This had been one of the most tangible sources of disinflation within the overall services basket in recent months. Hospitality is particularly exposed to the forthcoming tax hike, as well as the near-7% rise in the National Living Wage, given ...
From cnbc.com|Mar 26, 2025Britain’s Labour government will come under intense scrutiny on Wednesday, as Finance Minister Rachel Reeves prepares to update lawmakers on her spending and taxation plans and the nation’s economic outlook amid unsettling times for the U.K. Reeves is expected to announce billions of pounds worth of spending cuts as a way to close a budget shortfall caused by a rise in borrowing costs since her first fiscal plan, released last fall. The finance minister has already vowed to stick to her self-imposed “fiscal rules” set out in the ...
From fpmarkets.com|Mar 25, 2025Tomorrow welcomes the UK February CPI inflation print (Consumer Price Index) at 7:00 am GMT, followed by UK Chancellor Rachel Reeves claiming the spotlight with her Spring Statement. The Statement is expected to be announced around 12:30 pm GMT, following Prime Minister’s Questions. Price pressures are still too high despite year-on-year (YY) CPI inflation poised to moderately cool in February. According to the median estimate provided by Refinitiv, YY headline CPI inflation is expected to have eased to 2.9% from 3.0% in January ...
| Released on Mar 3, 2026 |
|---|
| Released on Mar 26, 2025 |
|---|
- Details