Chancellor commissions OBR forecast ahead of spring statement

Rachel Reeves said the move was ‘in line’ with her commitment to deliver one major fiscal event a year (Dan Kitwood/PA) - (PA Wire)

The Chancellor has asked the Office for Budget Responsibility (OBR) to produce a new economic forecast, paving the way for a fiscal statement at the end of March.

In a written statement to Parliament, Rachel Reeves said she had asked the OBR to prepare an economic and fiscal forecast that will be published on March 26.