When is the Spring Statement?

While the chancellor has not been drawn on what could be in speech, it is thought that no major announcements will be made.

Whitehall has even been keen to stress that the statement will be a "non-event" although reports have been denied that Ms Reeves will be replaced by a junior minister to deliver it.

A Whitehall source told The Telegraph: "We don't want the levels of speculation and market instability that we had in the run-up to the Budget."

Ms Reeves was at least handed a pre-statement boost with news that there was a public sector net borrowing surplus of £30.4 billion in January.

The rise was sparked by a jump in self-assessed tax payments and a fall in debt interest to the lowest level for almost six years.

Here are the key details ahead of the Spring Statement.

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When is the Spring Statement?

Rachel Reeves will likely deliver the statement shortly after midday today (Tuesday, March 3), although no official time has been confirmed.

After the chancellor has finished, the Office for Budget Responsibility will publish new forecasts for the economy and public finances.

Shadow leader Kemi Badenoch will then give a response to the Spring Statement.

When is the Autumn Budget 2026?

There is not yet a date for the Autumn Budget 2026, but it is likely to be in October or November, with the 2025 event being held on November 26.