What time is the spring statement, will changes be made to the student loans system?
In January this year Chancellor Rachel Reeves told MPS that the spring statement will be on Tuesday March 3.
In a written statement published on Parliament’s website in January 2026, Chancellor Rachel Reeves said: “I have asked the Office for Budget Responsibility (OBR) to prepare an economic and fiscal forecast for publication on March 3 2026.
“This forecast, in addition to the forecast that was published in November 2025, will fulfil the obligation required by the Budget Responsibility and National Audit Act 2011 for the OBR to produce at least two forecasts in a financial year.
“As set out at the Budget, the spring forecast will not make an assessment of the Government’s performance against the fiscal mandate and will provide an interim update on the economy and public finances.
“The Government intends to respond to this with a statement to Parliament. This is in line with my commitment to deliver one major fiscal event a year at the Budget. This approach gives families and businesses the stability and certainty they need, and, in turn, to support the government’s growth mission.”
Last month, Chancellor Rachel Reeves addressed if changes will be made to the student loans system in the spring statement. She said: “The spring forecast is just a forecast. We’ve committed to just one fiscal event, one budget, a year.
“What we will have next week at the spring forecast is an update in the forecasts for inflation, for interest rates, for Government borrowing, but I was really clear that I wanted to end the instability of budget after budget, mini-budget, fiscal events, that we had under the previous government, where we had five prime ministers and seven chancellors, and instead return the stability that is needed to our economy, so that businesses have the confidence to invest and families have the confidence to spend.”
Lord Livermore, who was appointed Financial Secretary to the Treasury on 8 July 2024, shared a statement at the time which read: “My right honourable friend the Chancellor of the Exchequer (Rachel Reeves) has today made the following Written Ministerial Statement.
“I have asked the Office for Budget Responsibility (OBR) to prepare an economic and fiscal forecast for publication on 3 March 2026.
“This forecast, in addition to the forecast that was published in November 2025, will fulfil the obligation required by the Budget Responsibility and National Audit Act 2011 for the OBR to produce at least two forecasts in a financial year.
“As set out at the Budget, the Spring forecast will not make an assessment of the government’s performance against the fiscal mandate and will provide an interim update on the economy and public finances.
“The government intends to respond to this with a statement to Parliament. This is in line with my commitment to deliver one major fiscal event a year at the Budget. This approach gives families and businesses the stability and certainty they need and, in turn, to support the government’s growth mission.”
What time is the spring statement?
Chancellor Rachel Reeves will make a speech that is expected to start after 12:30 GMT in the House of Commons, the Treasury will publish the OBR's forecast following this.
After her speech, it is likely that Kemi Badenoch or shadow chancellor Mel Stride will respond.