Rishi Sunak holding red box

Chancellor Rishi Sunak responded to the OBR's latest economic and fiscal forecast on Wednesday 23 March. IFS researchers presented their initial analysis of the Chancellor's announcements on the public finances at a live-streamed press briefing the following day.


The Chancellor’s Spring Statement, on Wednesday 23 March, was not supposed to be a major fiscal event. But rapidly rising inflation and the onset of the conflict in Ukraine forced the Chancellor to produce more than just a new set of economic and fiscal forecasts.

IFS researchers presented their initial analysis of the Chancellor's announcements on the public finances, as well as any changes to spending on public services and the tax and benefit system, on the following day, Thursday 24 March, at a live-streamed press briefing.