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HM Treasury Spring Statement 2022

The Chancellor delivered a Spring Statement today (23 March 2022) which includes:

  • National Insurance starting thresholds will rise to £12,570 from July 2022
  • fuel duty for petrol and diesel will be cut by 5p per litre
  • the basic rate of income tax will also be cut by 1p in the pound in 2024
  • an increase to the National Living Wage
  • a cut to the Universal Credit taper

For further information visit:

GOV.UK (www.gov.uk)

Spring Statement 2022: documents - GOV.UK (www.gov.uk)


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