Spring Statement 2022: 'Expect political tensions to rise considerably'

Advisers predict changes in Chancellor's March update

Julia Bahr
clock • 6 min read

Following his Autumn Statement 2021, Rishi Sunak is expected to deliver an update on the health of the UK economy and public finances in a Spring Statement next week, on 23 March at noon.

All eyes are on the Chancellor who is facing intense pressure to help struggling families in this month's statement by easing the cost of living crisis, which has been intensified by the Russian invasion of Ukraine. Sunak has already announced some targeted support to help ease household finances, such as the energy bills and council tax rebate package. According to Aegon, the big question is will the Chancellor go further to ease the financial pressures people are facing? It considered whether there would be changes to recently announced initiatives that may have been affected by develo...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

IHT/pensions shake-up threatens SME commercial property owners

IHT/pensions shake-up threatens SME commercial property owners

Evelyn Partners warns thousands of businesses are at greater risk

Jenna Brown
clock 07 July 2025 • 4 min read
Business property relief changes: What advisers need to know

Business property relief changes: What advisers need to know

'The first thing every business owner should do is review their current BPR position'

Stephen Kenny
clock 07 July 2025 • 5 min read
How to gift money while we wait for clarity on pensions and IHT

How to gift money while we wait for clarity on pensions and IHT

'One thing advisers can do is remind customers the benefits of gifting'

Laura Suter
clock 02 July 2025 • 3 min read