Spring Statement 2026
Key highlights of what was announced with insights from our Partners.
The Spring Statement made no major tax or spending changes, reflecting the government’s focus on stability and inflation risks.
With weaker growth and higher unemployment, those hoping for tax cuts will be disappointed, though the lack of surprises may reassure some. We didn’t expect any substantial tax or spending announcements in today’s Spring Statement, and none were delivered. Our government’s short-term focus is on economic stability and, most likely, managing the risk of a rise in inflation should oil prices jump for a prolonged period.
With growth forecasts downgraded and unemployment having risen, people and organisations who wanted to see a reduction in the UK’s record high tax burden will be disappointed. The Spring Statement, being 'a complete non-event', will at least be welcomed by those who found the speculation and uncertainty in the lengthy run-up to last November’s Budget damaging.
The Chancellor talked of fiscal stability, and this will help people and organisations with their long(er) term planning, although how much stability the government can deliver remains to be seen.
Robert Marchant, National Head of Tax
"Current government policy is for there to only be one major fiscal event per year, and the Treasury had indicated that the Spring Statement would be as boring as possible'.
The Spring Statement was more about 'policy signalling', aiming to highlight measures that may be introduced in the future, such as in the Budget this autumn."
How our partners responded
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If you have any questions regarding how the Spring Forecast impacts you or your organisation, or would like to discuss the possible opportunities, please get in touch.
