Spring Forecast – 3 March 2026

Spring 2026 – a challenging context

The Chancellor, Rachel Reeves, delayed her Autumn 2025 Budget until 26 November, creating a second consecutive protracted period of pre-Budget speculation. The late timing also meant that her Spring 2026 Forecast has arrived just under fourteen weeks after her previous parliamentary set piece. 

It has, however, been an eventful few months, with U-turns on both the 2024 Budget measures relating to inheritance tax (IHT) agricultural and business reliefs and the 2025 Bu...

LETS TAKE A MORE DETAILED LOOK AT WHAT WAS FORECAST AND WHAT THIS MEANS.

Overall, the outlook points to steady gradual improvement with modest growth, rising real incomes and a more stable environment for planning ahead.