Spring Statement 2018: what you need to know

Yesterday the Chancellor of the Exchequer, the Rt Hon Philip Hammond MP, delivered his first Spring Statement to Parliament. The Chancellor used his speech to respond to the latest forecasts from the Office for Budget Responsibility and highlighted some areas of public consultation.

The Spring Statement does not include any new spending or policy announcements.This follows the switch to the new timetable of having a single major fiscal event each year, which began with the Autumn Budget last November.

You can find out more about the Spring Statement on the GOV.UK website:

Spring Statement 2018: what you need to know

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