UK’s Spring Statement 2022

On 23 March, the Chancellor of the Exchequer, Rishi Sunak MP delivered his Spring Statement 2022. The key headlines for businesses are:

• 5p cut to fuel duty
• SME’s will receive £5,000 to Employment Allowance
• A wider Tax Plan to support businesses to grow

The Spring Statement falls short of the action BCC have been calling for in the last week. While there are some positive announcements that firms will welcome, it did not fundamentally address the huge cost pressures.

In response, the BCC policy team has prepared resources to support you and your members including:

• Economic Summary: Spring Statement 2022
• BCC Press Release on Spring Statement 2022