Spring Statement

Last updated

The Spring Statement of the British Government, also known as the "mini-budget", is one of the two statements HM Treasury makes each year to Parliament upon publication of economic forecasts, the second being the Autumn Statement presented later in the year. At 2016's autumn statement, it was announced the budget would move to the autumn, with a spring statement taking place the following year. Both usually involve speeches in the House of Commons by the Chancellor of the Exchequer. The Spring Statement for 2019 took place in March 2019. In 2020 the spring statement was upgraded to a full budget following cancellation of autumn 2019's budget. [1] [2] and additional statements were made in summer and autumn 2020. [3] In 2021 the spring statement was also replaced by a full budget. [4]

Contents

History

The duty to publish two annual economic forecasts was created by the Industry Act 1975, with the first such publication occurring in December 1976. [5] The first Autumn Statement combined the announcement of this publication with any announced changes to national insurance contributions and the Government's announcement of its spending plans (and publication of the Red Book)[ citation needed ], [6] both of which were also made at approximately the same time in the parliamentary year.

In 1993, Conservative Chancellor Kenneth Clarke combined the announcement of spending with the Budget, merging tax and spending announcements. Doing so moved the Budget to November. To fulfill the legal obligation to make two statements, Clarke began the practice of making a Summer Statement focusing on economic growth forecasts. [7] [8] Unlike the Autumn Statements preceding them and the Pre-Budget Reports that replaced them, Summer Statements took the form of debate on a motion "that this House welcomes the publication of the Government's latest economic forecast, which..." rather than as a statement to the House of Commons. [9] [10] [11]

In 1997, Labour's new Chancellor, Gordon Brown, moved the Budget back to spring and replaced the second statement with the Pre-Budget Report (PBR). According to the "Code for Fiscal Stability", published by HM Treasury in November 1998, the PBR was intended to "encourage debate on the proposals under consideration for the Budget". The PBR included a report on progress since the Budget, an update on the state of the national economy and the Government's finances, and announcements of proposed new tax measures and consultation papers. [8]

Conservative Chancellor George Osborne replaced the PBR and its policy announcements in 2010 with a new Autumn Statement focusing on economic growth and government finances as projected by the Office of Budget Responsibility (OBR). [12] Osborne's 2015 statement on 25 November was a joint Autumn Statement and Spending Review, and included a new forecast by the OBR. [13]

In 2016, Conservative Chancellor Philip Hammond announced his intention to end the Autumn Statement: instead of a Budget in the Spring, and an Autumn Statement, there will instead be a Budget in the Autumn, and a Spring Statement, with the first on 13 March 2018. [14]

List of statements

ChancellorDateType
Geoffrey Howe 8 November 1982 [6] Autumn Statement
Nigel Lawson 17 November 1983 [15]
12 November 1984 [16]
12 November 1985 [17]
6 November 1986 [18]
3 November 1987 [19]
1 November 1988 [20]
John Major 15 November 1989 [21]
8 November 1990 [22]
Norman Lamont 6 November 1991 [23]
12 November 1992 [24]
Kenneth Clarke 18 July 1994 [9] Summer Statement
12 July 1995 [10]
17 July 1996 [11]
Gordon Brown 25 November 1997 [25] Pre-Budget Report
3 November 1998 [26]
9 November 1999 [27]
8 November 2000 [28]
27 November 2001 [29]
27 November 2002 [30]
10 December 2003 [31]
2 December 2004 [32]
5 December 2005 [33]
6 December 2006 [34]
Alistair Darling 9 October 2007 [35]
24 November 2008 [36]
9 December 2009 [37]
George Osborne 29 November 2010 [38] Autumn Statement
29 November 2011 [39]
5 December 2012 [40]
5 December 2013 [41]
3 December 2014 [42]
25 November 2015 [43]
Philip Hammond 23 November 2016 [44]
13 March 2018 [45] Spring Statement
13 March 2019 [46]
Rishi Sunak 8 July 2020 Summer Statement
24 September 2020 Winter Economy Plan
23 March 2022Spring Statement
Kwasi Kwarteng 23 September 2022 The Growth Plan 2022
Jeremy Hunt 17 November 2022 Autumn Statement
22 November 2023 [47] Autumn Statement

Previous statements

The statement has been held in the past during different seasons and with alternate names:

Related Research Articles

<span class="mw-page-title-main">Downing Street</span> Street in London, England

Downing Street is a street in Westminster in London that houses the official residences and offices of the Prime Minister of the United Kingdom and the Chancellor of the Exchequer. Situated off Whitehall, it is 200 metres (660 ft) long, and a few minutes' walk from the Houses of Parliament. Downing Street was built in the 1680s by Sir George Downing.

<span class="mw-page-title-main">Robin Cook</span> British politician (1946–2005)

Robert Finlayson "Robin" Cook was a British Labour politician who served as a Member of Parliament (MP) from 1974 until his death in 2005 and served in the Cabinet as Foreign Secretary from 1997 until 2001 when he was replaced by Jack Straw. He then served as Leader of the House of Commons from 2001 until 2003.

<span class="mw-page-title-main">Association of British Counties</span> UK society

The Association of British Counties (ABC) is a non-party-political society formed in 1989 by television personality Russell Grant to promote the historic counties of the United Kingdom. It argues that the historic counties are an important part of Britain's cultural heritage and as such should be preserved and promoted. It also proposes that there be a clear official distinction between the historic counties and the administrative units known as counties—first described as a separate entity in the Local Government Act 1888.

<span class="mw-page-title-main">James Gray (British politician)</span> British politician

James Gray, CStJ is a British politician who has served as the Conservative Member of Parliament (MP) for North Wiltshire since 1997.

<span class="mw-page-title-main">David Waddington</span> British politician (1929–2017)

David Charles Waddington, Baron Waddington, was a British politician and barrister.

<span class="mw-page-title-main">Joint Chemical, Biological, Radiological and Nuclear Regiment</span> Military unit

The Joint Chemical, Biological, Radiological and Nuclear Regiment was a specialist expeditionary unit of the British armed forces. Personnel of the Joint CBRN Regiment were trained in the detection, identification and monitoring of nuclear, biological and chemical weapons.

Jamieson Ronald "Jamie" Reed is a British former politician who served as Member of Parliament (MP) for Copeland from 2005 to 2017. A member of the Labour Party, he was a Shadow Environment, Food and Rural Affairs Minister from 2010 to 2011 and a Shadow Health Minister from 2011 to 2015.

<span class="mw-page-title-main">Shadow Chancellor of the Exchequer</span> Member of the British Shadow Cabinet

The Shadow Chancellor of the Exchequer in the British Parliamentary system is the member of the Shadow Cabinet who is responsible for shadowing the Chancellor of the Exchequer. The title is given at the gift of the Leader of the Opposition and has no formal constitutional role, but is generally considered the second-most senior position on the opposition frontbench, after the Leader. Past Shadow Chancellors include Harold Wilson, James Callaghan, Edward Heath, Geoffrey Howe, Ken Clarke, Gordon Brown, and John McDonnell.

The Home Affairs Select Committee is a departmental committee of the House of Commons in the Parliament of the United Kingdom.

<span class="mw-page-title-main">Molly Meacher, Baroness Meacher</span> British politician (born 1940)

Molly Christine Meacher, Baroness Meacher, known from 2000 to 2006 as Lady Layard, is a British life peer and former social worker.

Defence Analytical Services and Advice (DASA) was a statistical and economic unit within the MoD, initially created in 1992 from various statistics branches within the Ministry of Defence (MoD), as the Defence Analytical Services Agency. DASA was initially an executive agency of the MoD but lost its agency status on 1 April 2008, becoming an administrative unit within the MOD, changing its name to Defence Analytical Services and Advice, retaining the acronym DASA. On 1 April 2013, DASA was split into two separate units within the MoD; Defence Economics and Defence Statistics.

Dr Jerry Fishenden has been referred to as "one of the UK’s leading authorities in the world of technology", and appears regularly in a variety of mainstream media. He is also a frequent guest and keynote speaker on the conference circuit, drawing on his background across both private and public sectors.

Naming is a procedure in some Westminster model parliaments that provides for the speaker to temporarily remove a member of parliament who is breaking the rules of conduct of the legislature. Historically, "naming" refers to the speaker's invocation of the process by calling out the actual name of the member, deliberately breaking the convention of calling on members by the name of their constituency.

In the Parliament of the United Kingdom, Members of Parliament (MPs) can be suspended from sitting in the House of Commons by the Speaker for "disorderly conduct". The Speaker can order an MP removed from the house until the end of the day, but more often "names" an MP.

<span class="mw-page-title-main">2009 Speaker of the British House of Commons election</span>

The 2009 election of the Speaker of the House of Commons occurred on 22 June 2009 following the resignation of Michael Martin as Speaker during the parliamentary expenses scandal. Martin was the first Speaker since Sir John Trevor in 1695 to be forced out of office. It was the first Speaker election since 11 May 2005, and the first contested election of a Speaker since 23 October 2000.

<span class="mw-page-title-main">David Mowat</span> British former Conservative politician

David John Mowat is a former Conservative Party politician in the United Kingdom. He was the Member of Parliament (MP) for Warrington South, and was first elected at the 2010 general election. He was appointed as Parliamentary Under-Secretary of State for Care and Support at the Department of Health in July 2016. He lost the seat to Labour at the 2017 election.

<span class="mw-page-title-main">Gregg McClymont</span> Scottish politician

Gregg McClymont is a retirement expert, historian and former politician. He was the Member of Parliament (MP) for Cumbernauld, Kilsyth and Kirkintilloch East from 2010 until 2015.

<span class="mw-page-title-main">Chris Evans (British politician)</span> Welsh Labour Co-op politician, MP for Islwyn

Christopher James Evans is a British politician serving as Member of Parliament (MP) for Islwyn since 2010. He is a member of the Labour and Co-operative parties.

<span class="mw-page-title-main">Charles Colville, 5th Viscount Colville of Culross</span> Scottish peer, politician, TV producer (born 1959)

Charles Mark Townshend Colville, 5th Viscount Colville of Culross, is a Scottish television producer, director and peer. He was educated at Rugby School and at St Chad's College, Durham. The son of Mark Colville, 4th Viscount Colville of Culross, he succeeded to his father's title in 2010, and in July 2011 was elected to the House of Lords, where he sits as a crossbencher. He is also the Chief of Clan Colville.

<span class="mw-page-title-main">Joint Arms Control Implementation Group</span> British military defence component

The Joint Arms Control Implementation Group is a specialist defence component affiliated to UK Strategic Command which carries out a range of arms control and verification functions. JACIG was originally based at RAF Scampton ; established in 1990, it was declared by the MOD as operational on 1 January 1991. Originally it was formed to performing treaty associated tasks as part of the UK's commitment to post Cold War confidence building associated with the Vienna Document and the Treaty on Conventional Armed Forces in Europe. Its operating base is currently RAF Henlow in Bedfordshire.

References

  1. Harding, Latoya; Ashworth, Louis (11 March 2020). "Budget 2020: When is it and what can we expect?". The Telegraph.
  2. Partington, Richard (7 January 2020). "Budget 2020: what will Sajid Javid announce?". TheGuardian.com .
  3. David, Dharshini (7 July 2020). "Can Rishi Sunak save your job? Five things he may do". BBC News. Retrieved 8 July 2020.
  4. "Chancellor Rishi Sunak reveals date of next Budget". BBC News. 17 December 2020. Retrieved 17 December 2020.
  5. "Economic Prospects (Hansard, 15 December 1976)". Parliamentary Debates (Hansard) . 15 December 1976.
  6. 1 2 "The Economy (Hansard, 8 November 1982)". Parliamentary Debates (Hansard) . 8 November 1982.
  7. "Politics A–Z: Autumn Statement". BBC Online. 9 August 2001. Retrieved 25 November 2010.
  8. 1 2 "Briefing Guides: Pre-Budget Report". politics.co.uk. 28 August 2008. Retrieved 25 November 2010.
  9. 1 2 "The Economy (Hansard, 18 July 1994)". Parliamentary Debates (Hansard) . 18 July 1994.
  10. 1 2 "The Economy (Hansard, 12 July 1995)". Parliamentary Debates (Hansard) . 12 July 1995.
  11. 1 2 "The Economy (Hansard, 17 July 1996)". Parliamentary Debates (Hansard) . 17 July 1996.
  12. "George Osborne's Autumn Statement speech in full". Financial Times. 25 November 2015.
  13. Osboure, George (8 September 2015). "Letter to Chairman of the Treasury Committee" (PDF). HM Treasury . Retrieved 23 September 2015.
  14. "Spring Statement 2018 date confirmed - GOV.UK". gov.uk. Retrieved 21 February 2018.
  15. "The Economy (Hansard, 17 November 1983)". Parliamentary Debates (Hansard) . 17 November 1983.
  16. "The Economy (Hansard, 12 November 1984)". Parliamentary Debates (Hansard) . 12 November 1984.
  17. "Autumn Statement (Hansard, 12 November 1985)". Parliamentary Debates (Hansard) . 12 November 1985.
  18. "Autumn Statement (Hansard, 6 November 1986)". Parliamentary Debates (Hansard) . 6 November 1986.
  19. "Autumn Statement (Hansard, 3 November 1987)". Parliamentary Debates (Hansard) . 3 November 1987.
  20. "Autumn Statement (Hansard, 1 November 1988)". Parliamentary Debates (Hansard) . 1 November 1988.
  21. "Autumn Statement (Hansard, 15 November 1989)". Parliamentary Debates (Hansard) . 15 November 1989.
  22. "Autumn Statement (Hansard, 8 November 1990)". Parliamentary Debates (Hansard) . 8 November 1990.
  23. "Autumn Statement (Hansard, 6 November 1991)". Parliamentary Debates (Hansard) . 6 November 1991.
  24. "Autumn Statement (Hansard, 12 November 1992)". Parliamentary Debates (Hansard) . 12 November 1992.
  25. "Pre-Budget Statement (Hansard, 25 November 1997)". Parliamentary Debates (Hansard) . 25 November 1997.
  26. "Pre-Budget Statement (Hansard, 3 November 1998)". Parliamentary Debates (Hansard) . 3 November 1998.
  27. "Pre-Budget Statement (Hansard, 9 November 1999)". Parliamentary Debates (Hansard) . 9 November 1999.
  28. "Pre-Budget Statement (Hansard, 8 November 2000)". Parliamentary Debates (Hansard) . 8 November 2000.
  29. "Pre-Budget Report (Hansard, 27 November 2001)". Parliamentary Debates (Hansard) . 27 November 2001.
  30. "Pre-Budget Report (Hansard, 27 November 2002)". Parliamentary Debates (Hansard) . 27 November 2002.
  31. "Pre-Budget Report (Hansard, 10 December 2003)". Parliamentary Debates (Hansard) . 10 December 2003.
  32. Westminster, Department of the Official Report (Hansard), House of Commons. "House of Commons Hansard Debates for 2 Dec 2004 (pt 6)".{{cite web}}: CS1 maint: multiple names: authors list (link)
  33. Westminster, Department of the Official Report (Hansard), House of Commons. "House of Commons Hansard Debates for 5 Dec 2005 (pt 6)".{{cite web}}: CS1 maint: multiple names: authors list (link)
  34. Westminster, Department of the Official Report (Hansard), House of Commons. "House of Commons Hansard Debates for 06 Dec 2006 (pt 0003)".{{cite web}}: CS1 maint: multiple names: authors list (link)
  35. Westminster, Department of the Official Report (Hansard), House of Commons. "House of Commons Hansard Debates for 09 Oct 2007 (pt 0004)".{{cite web}}: CS1 maint: multiple names: authors list (link)
  36. Westminster, Department of the Official Report (Hansard), House of Commons. "House of Commons Hansard Debates for 24 Nov 2008 (pt 0004)".{{cite web}}: CS1 maint: multiple names: authors list (link)
  37. Westminster, Department of the Official Report (Hansard), House of Commons. "House of Commons Hansard Debates for 09 Dec 2009 (pt 0004)".{{cite web}}: CS1 maint: multiple names: authors list (link)
  38. Westminster, Department of the Official Report (Hansard), House of Commons. "House of Commons Hansard Debates for 29 Nov 2010 (pt 0001)".{{cite web}}: CS1 maint: multiple names: authors list (link)
  39. Westminster, Department of the Official Report (Hansard), House of Commons. "House of Commons Hansard Debates for 29 Nov 2011 (pt 0001)".{{cite web}}: CS1 maint: multiple names: authors list (link)
  40. Westminster, Department of the Official Report (Hansard), House of Commons. "House of Commons Hansard Debates for 05 Dec 2012 (pt 0001)".{{cite web}}: CS1 maint: multiple names: authors list (link)
  41. Westminster, Department of the Official Report (Hansard), House of Commons. "House of Commons Hansard Debates for 05 Dec 2013 (pt 0001)".{{cite web}}: CS1 maint: multiple names: authors list (link)
  42. Westminster, Department of the Official Report (Hansard), House of Commons. "House of Commons Hansard Debates for 03 Dec 2014 (pt 0001)".{{cite web}}: CS1 maint: multiple names: authors list (link)
  43. Westminster, Department of the Official Report (Hansard), House of Commons. "House of Commons Hansard Debates for 25 Nov 2015 (pt 0001)".{{cite web}}: CS1 maint: multiple names: authors list (link)
  44. "House of Commons Hansard Debates for 23 Nov 2016".
  45. "Spring Statement 2018 - GOV.UK". gov.uk. Retrieved 18 March 2018.
  46. "Spring Statement 2019 - GOV.UK". gov.uk. Retrieved 18 March 2019.
  47. HM Treasury, Autumn Statement 2023 date confirmed, published 5 September 2023, accessed 3 November 2023