Jeremy Hunt denies relaxing financial regulations 'is reckless'

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Jeremy Hunt has officially revealed the date for the Spring Budget, with millions of Britons anxiously awaiting an update on the nation’s finances. 

The Treasury announced that the Chancellor has commissioned the Office for Budget Responsibility (OBR) to prepare an “economic and fiscal forecast”.

The Chancellor will present the forecast “alongside the Spring Budget”, which the Treasury said would take place on March 15, 2023. 

Mr Hunt accompanied the announcement with a statement to the House of Commons. 

The statement read: “Today I can inform the House that I have asked the Office for Budget Responsibility (OBR) to prepare a forecast for 15 March 2023 to accompany a Spring Budget.

“This forecast, in addition to the forecast that took place in November 2022, will fulfil the obligation for the OBR to produce at least two forecasts in a financial year, as is required by legislation.”

More to follow…

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