Spring Statement Summary 2022
A summary of the Spring Statement 2022 and a round up of the significant measures announced in the two 2021 Budgets that may impact your finances.
The Spring Statement 23 March 2022
In his Spring Statement, Mr Sunak announced a 5p cut in fuel duty, an alignment of NI thresholds with personal tax allowance from July 2022, and promised a 1p cut in income tax, but not until April 2024.
What to expect from the Chancellor’s Spring Statement
What to expect from the Chancellor’s Spring Statement? A delay to NI increases or an increase in the NI threshold, uprating Universal Credit, cuts to VAT or energy levies on household fuel bills, a cut in fuel duty?