The Spring Forecast 2026 provides an updated view of the UK’s economic and fiscal position, based on the Office for Budget Responsibility’s latest projections and the Chancellor’s statement. While it introduces few new policy measures, the forecast plays a crucial role in shaping expectations around growth, inflation, borrowing, debt and the overall tax burden. This guide explains the key revisions to economic assumptions, the projected path of public finances, and what stabilising debt and rising tax levels mean for businesses and households. It also highlights the main spending commitments carried forward since the Autumn 2025 Budget and outlines the key risks identified by the OBR, including ongoing global uncertainty. Designed as a clear, practical summary, it helps readers understand how the government’s fiscal position is evolving—and why it matters.
