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

Safeguarding clients in a world of increasing HMRC activity

Safeguarding clients in a world of increasing HMRC activity

'It is important that financial advisers stay informed and proactive'

Louisa Beciri and Tom Lewis
clock 23 April 2025 • 4 min read
IHT receipts swell to record £8.2bn for 2024/25

IHT receipts swell to record £8.2bn for 2024/25

10% higher than last year, commentators note

Jen Frost
clock 23 April 2025 • 2 min read
HMRC gears up for an increase in criminal investigations

HMRC gears up for an increase in criminal investigations

'Criminal investigations are reserved for the most egregious cases'

John Hood
clock 17 April 2025 • 4 min read