Chancellor Jeremy Hunt has set the date for the 2023 Spring Budget which will now take place on 15th March.
This will be Hunt’s first full Budget after he was forced to unwind the proposals set forward in former Chancellor Kwasi Kwarteng’s mini-Budget in September.
Hunt said: “I have asked the Office for Budget Responsibility (OBR) to prepare a forecast for 15th March 2023 to accompany a Spring Budget.
“This forecast, in addition to the forecast that took place in November 2022, will fulfil the obligation for the OBR to produce at least two forecasts in a financial year, as is required by legislation.”
