Spring Statement summary: March 2022
Our Spring Statement 2022 summary is now available.
Chancellor Rishi Sunak has delivered his Spring Statement against a backdrop of soaring inflation and rising costs.
It delivered a package of measures to help families and small businesses mitigate those rising costs including a fuel duty reduction, increasing the National Insurance threshold, extending business rates relief and increasing the employment allowance.
The Chancellor has committed to a cut in income tax before the end of this parliament in 2024 and has promised to involve businesses in shaping R&D tax credit reform and investment before its Autumn Budget.
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