Date posted: 24th Mar 2022
The Chancellor revealed his Spring Statement on the 23rd March, where he sought to ease the impact of rising prices for households and businesses.
As expected, there were a few changes to support the cost-of-living crisis being faced by the British public, with sharply rising inflation and increased fuel and energy bills.
Tax partner Lee Watson, commented ‘ I feel that the Chancellor is navigating a very difficult path with significant pressure on public finances and a public and businesses facing increased costs that need government support. Perhaps we can expect more in the Autumn Budget, but that feels very distant at the moment.’
To access our Spring Statement summary guide, click on the link here: Clive Owen LLP Spring Statement
To view the Government’s Business Support factsheet in more detail, click here.
To view the Government’s Personal Tax Support factsheet in more detail, click here
To view the Government’s Tax Related Support Documents in more detail, click here
If you would like any advice, please contact our tax team here.