'Low-key' Spring Statement likely - but don't rule out pension changes

Today's budgetary update from Chancellor of the Exchequer Philip Hammond will be the first spring statement after he announced plans to switch the Budget to the autumn in his 2016 Autumn Statement.   Last month, a spokesperson for the Treasury confirmed there would be no red box, no official document, no spending increase and no tax changes. They said Hammond would likely have chosen not to have a Spring Statement at all, were it not for a legal requirement for the Office for Budget Responsibility to publish two sets of forecasts a year. AJ Bell senior analyst Tom Selby said most peop...