Spring Statement 2018

13 March 2018

Chancellor of the Exchequer, Philip Hammond, presented his Spring Statement in the House of Commons on Tuesday 13 March 2018.

Spring Statement 2018

The Spring Statement provides the Chancellor, Philip Hammond, an opportunity to update MPs on the Government’s plans for the economy based on the latest forecasts from the independent Office for Budget Responsibility (OBR).

The OBR's revised forecasts for the economy and the public finances will be published alongside the Spring Statement on Tuesday 13 March 2018.

Related Information

House of Commons Library analysis

The House of Commons Library produces briefing papers to inform MPs and their staff of key issues. The papers contain factual information and a range of opinions on each subject, and aim to be politically impartial.

The Library has published a background briefing paper on the Spring Statement.

Why is there a Spring Statement?

Recent tradition has seen the Chancellor of the Exchequer present the Budget in the spring. However, the current Chancellor - Philip Hammond - has moved the Budget to the autumn, and has introduced a spring statement. Spring Statement 2018 will be the first such spring statement.

Watching debates from the public gallery

UK residents and overseas visitors can watch proceedings in the House of Commons by visiting the public gallery.

Image: PA

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