Against a backdrop of rising inflation, Chancellor Rishi Sunak presented his Spring Statement on Wednesday 23 March 2022.
Main proposals
The Chancellor announced a cut in fuel duty for petrol and diesel as he sought to ease the impact of rising prices for households and businesses.
The Chancellor will lift the starting thresholds for National Insurance contributions (NICs). He also pledged a cut to income tax in 2024. However, the Health and Social Care Levy will still be implemented in April 2022.
For businesses, there is an increase to the Employment Allowance, as well as relief from business rates on a range of green technologies and help with training and the adoption of digital technology.
Download our summary below for more in-depth commentary on the key announcements.
24th Mar 2022
Spring Statement summary 2022
Our Spring Statement summary covers the key announcements which may affect you, your business and your family.
