UK Spring Budget will take place on 15 March 2023

Chancellor of the Exchequer Jeremy Hunt has announced that his Spring Budget will be held on 15 March 2023.

He said his tax and spending plans will be accompanied by a forecast from the Office of Budgetary Responsibility (OBR).

In a written statement Hunt said: “Today I can inform the House that I have asked the Office for Budget Responsibility to prepare a forecast for March 15 2023 to accompany a Spring Budget.

“This forecast, in addition to the forecast that took place in November 2022, will fulfil the obligation for the OBR to produce at least two forecasts in a financial year, as is required by legislation.”