All the updated news related to spring statement

All the news related to spring statement updated in real time

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High inflation ‘will be reflected’ in benefits next year, says Treasury minister

A Treasury minister has suggested benefits increases in 2023 will be linked to soaring inflation, with the triple-lock also “in place” for pensions. Simon Clarke told MPs high inflation “will be reflected” in the uprating figures for April 2023 if ...

24 Mar 2022 at 15:25

Lack of low-income support pushes 1.3 million into poverty, think tank says

The lack of support for low-income families in the Chancellor’s spring statement leaves more than one million Britons on the verge of “absolute poverty”, a think tank has said. Resolution Foundation, a living standards think tank, warned Rishi ...

24 Mar 2022 at 08:55

Sunak warns of ‘challenging and uncertain times’ ahead

Rishi Sunak has warned the country is facing “challenging and uncertain” times after official forecasters predicted the biggest fall in living standards on record. Following his spring statement on Wednesday, the Chancellor insisted the ...

24 Mar 2022 at 01:25

Historic markers and milestones in 2022 spring statement

Rishi Sunak’s spring statement promised the first cut in basic income tax by a Conservative chancellor for more than 25 years, but came with economic forecasts that confirmed the UK was heading for its highest tax burden since the late ...

23 Mar 2022 at 18:55

Chancellor under fire for failing to top up benefits in line with inflation

The Chancellor is accused of being “woefully out of touch with the reality facing millions of families” after he failed to announce an uprating of benefits in his spring statement. Paul Johnson, director of the Institute for Fiscal ...

23 Mar 2022 at 19:25

£34m from spring statement cannot be allocated due to lack of Executive – Murphy

An additional £34 million for Northern Ireland in the spring statement cannot be allocated in the absence of an Executive, the Stormont finance minister has warned. Conor Murphy said it will sit with £300 million he cannot ...

23 Mar 2022 at 19:25

Johnson hints at more help to ease cost-of-living crisis

Boris Johnson promised more help for families struggling with rising prices and bills as Chancellor Rishi Sunak’s spring statement was criticised for failing to go far enough to protect living standards. The Prime ...

24 Mar 2022 at 10:25

There is nothing in spring statement to reduce bills, says Kate Forbes

There was “nothing” in the Chancellor’s spring statement that would reduce household bills, Scotland’s Finance Secretary Kate Forbes has said. Rishi Sunak announced on Wednesday that fuel duty would be cut by 5p ...

23 Mar 2022 at 15:25

How much money will I save from the cut in fuel duty?

Chancellor Rishi Sunak has announced a cut in fuel duty of 5p per litre in his spring statement. Here, the PA news agency answers 10 key questions about taxes on fuel. – What has been announced? Fuel duty will ...

23 Mar 2022 at 15:25

City

Chancellor must help businesses with rising energy bills, groups say

Business groups have called on Rishi Sunak to step in with support to help them manage runaway energy costs as he prepares for Wednesday’s spring statement. Several business groups, representing both big and ...

22 Mar 2022 at 15:25

There is nothing in Chancellor’s spring statement to reduce bills – Kate Forbes

23 Mar 2022 at 18:25

Householders voice concern over rising prices after Sunak’s spring statement

The rising cost of food, fuel and energy are among the top concerns for members of the public following the Chancellor’s spring statement. Delyth Jones, 43, who lives in Deiniolen in Wales, said she is ...

23 Mar 2022 at 18:25

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