Sue Robinson, Chief Executive of the National Franchised Dealers Association (NFDA), which represents franchised car and commercial vehicle dealers across the UK, comments on the measures announced in today’s (Tuesday 3 March 2026) Spring Statement set by the Chancellor, Rachel Reeves: “Today’s Spring Statement was largely an update on the UK’s economic outlook, rather than a package of new measures for businesses. The Office for Budget Responsibility forecasted GDP growth of 1.1% this year, rising to 1.6% in 2027 and 2028, and unemployment expected to fall steadily to 4.1% by the end of the forecast period. While these forecasts provide reassurance about the resilience of the UK economy, there remains little specific support for the automotive retail sector. The NFDA continues to highlight the ongoing challenges facing franchised dealerships, including the cost pressures associated with adapting to the rapid shift towards electric vehicles and the need to maintain a competitive workforce amidst rising employment costs. While the Chancellor signalled improvements in public finances and borrowing, there was again no announcement of targeted measures to support consumer incentives for purchasing new vehicles. Encouraging consumer demand is critical to accelerating the transition to a greener vehicle fleet and supporting growth in UK manufacturing and retail. Overall, today’s Statement presents a largely positive macroeconomic backdrop. The NFDA will continue to work with the Government to try and secure changes, greater growth, and additional incentives for consumers at the 2026 Autumn Budget, ensuring that franchised dealers are supported in navigating the transition to a low-emission future and in contributing fully to the UK economy.” You can read all the OBR’s updated economic and fiscal outlook here .