SPRING STATEMENT: The analysis and reaction as it happened – fuel duty is cut, NI hikes softened and an income tax rabbit in the hat
- Chancellor Rishi Sunak to deliver his speech at 12.30pm
- Will fuel duty to be reduced? Could National Insurance hikes be watered down?
- Follow the build-up, the speech and aftermath with our live blog
Chancellor Rishi Sunak faces a tricky day with the Spring Statement. It might be a sunny Wednesday, but there is a growing storm of personal finance misery hitting households across the country.
Inflation has raced to 6.2 per cent in February, according to ONS data released this morning and people face higher bills, including energy costs, petrol prices and a National Insurance hike.
Millions will be waiting to see what measures he will announce to help deflect some of that inflationary pressure without getting into an even bigger government debt hole.
It’s a difficult balance, especially after two years of pandemic and a tragic war unfolding in Ukraine.
Spring Statement: The cost of living crisis is in sharp focus – with CPI measured at 6.2% in February
Follow This is Money’s live blog below for the best analysis, reaction and charts from the experts and our own journalists as it happens – as well as what you the readers are saying in our comments section and on social media.
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