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autumn statement n. (also with capital initials) British Politics and Economics a financial statement made by the Chancellor of the Exchequer, usually in November or early December, including an economic forecast and an outline of forthcoming public expenditure limits, and serving as a precursor to the annual budget (see budget n. 4a).Introduced in 1976, the companion statement to the main annual budget has varied in content, timing, and name. From 1993 to 1996 the autumn statement was replaced by a summer statement, and from 1997 to 2009 by a pre-budget report; from 2018 there is to be a spring statement.