Spring Statement 2022

Chancellor Rishi Sunak presented his first Spring Statement on Wednesday 23 March 2022.

Against a backdrop of rising inflation, Chancellor Rishi Sunak presented his first Spring Statement on Wednesday 23 March 2022.

In his Spring Statement, 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.

Click here to read our summary of the Spring Statement 2022.


© 2024 Stables Thompson & Briscoe Ltd. All rights reserved.

Registered in England | Company number 6329610 | Registered office: 87 Hayclose Crescent Kendal LA9 7NT
We use cookies on this website, you can find more information about cookies here.