As we approach the Spring Statement on 3 March 2026, many clients are understandably wondering what it may mean for their personal finances, estates, and long‑term planning. The Chancellor, Rachel Reeves, has signalled that this year’s update is likely to be calm and steady, with no major surprises. Analysts widely expect a low‑key event focused on updating the country on the latest economic forecasts and it is not expected that Reeves will announce any major policy decisions, such as changes to spending or taxes. These are usually saved for the autumn Budget.

What to expect on 3 March

The Office for Budget Responsibility (OBR) will publish its latest figures on the economy, covering growth, inflation and borrowing. Although these forecasts help shape the financial landscape we all plan within, the OBR will not be providing its usual formal assessment of the Government’s fiscal rules this spring; those reviews now happen only once a year during the autumn Budget. 

Why this matters for your financial planning

Even without major policy announcements, these moments are important. They set the tone for the months ahead and help us understand whether any longer‑term tax changes may be on the horizon. 

While the Spring Statement itself may remain quiet, the Government has recently made changes that could impact estate planning. Notably, the allowances for Agricultural Property Relief and Business Property Relief were increased from £1 million to £2.5 million, with unused allowances now transferable between spouses. These changes offer real opportunities for families with qualifying assets, and we have already seen many clients benefit from revisiting their inheritance planning. 

Should you wish to begin or revisit your estate planning, please get in touch.