Spring Statement

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The Spring Statement of the British Government, also known as the "mini-budget", is one of the two statements <a href="/facts/HM_Treasury/zdrtLRQT">HM Treasury</a> makes each year to <a href="/facts/Parliament_of_the_United_Kingdom/7bFbPI9g">Parliament</a> upon publication of economic forecasts, the second being the Autumn Statement presented later in the year. At 2016's autumn statement, it was announced the budget would move to the autumn, with a spring statement taking place the following year. Both usually involve speeches in the House of Commons by the <a href="/facts/Chancellor_of_the_Exchequer/KlgE2uFn">Chancellor of the Exchequer</a>. The Spring Statement for 2019 took place in March 2019. In 2020 the spring statement was upgraded to a <a href="/facts/March_2020_United_Kingdom_budget/21brL8Wo">full budget</a> following cancellation of autumn 2019's budget. and additional statements were made in <a href="/facts/July_2020_United_Kingdom_summer_statement/yus3BJob">summer</a> and <a href="/facts/September_2020_United_Kingdom_Winter_Economy_Plan/cTKT5mLf">autumn 2020</a>. In 2021 the spring statement was also replaced by a <a href="/facts/March_2021_United_Kingdom_budget/XtRoddjE">full budget</a>.
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Spring Statement open-in-new

Spring Statement