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The Treasury promised us a boring non-event, which on the day was massively over-shadowed by events in the Middle East anyway. Ruth Curtice discusses the merits of annual fiscal events, the difficulty of getting growth going, and what to expect in the Chancellor's upcoming (and unprecedented) *second* Mais Lecture, with James Smith (Chief Economist at the Resolution Foundation) and Giles Wilkes (Senior Fellow at the Institute for Government).

Read Understatement of the year on our website today, for the full detail of our Spring Forecast response.

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Catch up on a recording of our recent event discussing the outlook ahead of the Chancellor's Spring Forecast.

The Autumn Budget was barely three months ago, but the UK has experienced plenty of economic and political drama since then. In the short time between OBR forecasts, there have been encouraging signs on the public finances and the outlook for inflation. But growth remains sluggish and uncertainty elevated amid rising geopolitical tensions. There are some signs of productivity ‘green shoots’, but the risk is they are indicative of higher unemployment.