In his Spring Statement, the Chancellor Rishi Sunak, gave an economic update earlier today on 23rd March 2022. The mini-budget laid the foundation for the year and measures to support businesses and households with prices, taxes and bills.
With public pressure to ease the rising cost of living, Mr. Sunak announced an immediate fuel duty cut of 5p per litre from 6pm today. However, the National Insurance increase of 1.25% will still go ahead from 1st April to raise funds to help the NHS recover from the pandemic. Click the link below to learn more about the other key announcements for businesses.
Click here to read What does the 2022 UK Spring Statement mean for businesses?.