The Chancellor, Rachel Reeves, has confirmed that the Spring Statement will take place on 3rd March 2026. This will be accompanied by an update from the Office for Budget Responsibility (OBR), designed to provide an interim update between the annual Autumn Budget and the next round of major fiscal decisions.
This year’s statement is expected to be steady, data‑driven, and focused on economic stability – not a full Budget and not a moment for sweeping tax changes. The Government is committed to one major fiscal event per year, and the March update will act as a progress check on the UK economy rather than a tax‑raising event.
For businesses and families, this should provide a welcome degree of planning stability – especially after a period of increased fiscal scrutiny following the 2025 Autumn Budget.
Helen Marshall, Private Client Tax Manager at Burgis & Bullock, comments: “This Spring Statement is expected to focus on providing clarity and continuity – not new taxes. Clients should use this period to prepare for the April 2026 changes that have already been confirmed. With major fiscal decisions now concentrated in the Autumn Budget, the March update is best viewed as an important health‑check on the UK economy rather than a moment of policy shock.
“While we do not expect new announcements, several previously confirmed policy changes are expected to be reiterated, refined or clarified such as Capital Gains Tax (Business Asset Disposal Relief): Rate increasing to 18%; inheritance Tax: New caps on agricultural and business property relief; Making Tax Digital (Income Tax): Mandatory for individuals with income over £50,000 from April 2026 and Dividend Taxes: Higher dividend tax rates set to rise further. These reminders will help taxpayers and advisers prepare for the upcoming tax year.”
The 3rd March Spring Statement will be an important reference point for understanding how closely the UK economy is tracking against Government expectations. For taxpayers, business owners and advisers, it will serve as a guidepost for the year ahead – steady, predictable, and focused on economic reality rather than fiscal surprises.
If you’d like Burgis & Bullock to brief your team, clients, or board after the announcement, we are ready to help. Contact your local B&B contact for advice and guidance https://www.burgisbullock.com/contact-us/
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