The Autumn Statement is an annual fiscal event in the United Kingdom where the Chancellor of the Exchequer outlines the government's tax and spending plans for the coming year.
Presented to Parliament in November, the Chancellor uses the Autumn Statement to update MPs on the economy and public finances, announce any changes to taxes or spending, and revise economic forecasts. While not a full budget, it allows the government to adjust fiscal policy midway through the financial year in response to emerging economic developments. Recently rebranded as the Autumn Budget or Spending Review, the Autumn Statement remains a commonly used term for this key fiscal announcement, which will be delivered by Chancellor Jeremy Hunt as he sets out the government's priorities on taxation and spending.
