Spring Statement
Aligning with the Government’s plans to hold one main fiscal event per year (the Autumn Budget). As a result, it focused on forecasts rather than any major tax or spending changes.
A key takeaway was the downgraded economic growth forecast of 1.1% for 2026 – expected to improve to 1.6% in 2027 and 2028 – and for inflation to achieve the Bank of England’s target of 2% by the end of this year. However, it didn’t take into account the situation in the Middle East.
