Spring Statement: Last News

Alcohol will become more expensive from August, as taxes on some booze increase. A new system, which taxes drinks in line with their strength, will also be introduced.

New research from leading online pension provider, PensionBee, reveals that increasing the Annual Allowance could be the most popular change to pension tax allowances in the upcoming Spring Statement on Wednesday.

It’s no secret that the cost of living crisis has hit Brits from each part of the country. As more and more of us look for ways to ease the pressure on our bank accounts, Rishi Sunak may be on his way to providing some relief. The chancellor is set to tackle energy bills with a package in July, before focusing on general tax cuts in the autumn.Though summer may be on its way at the moment, heating homes in the winter is a worry for many.

West Dunbartonshire’s MP has slammed the UK Government for “abandoning” local families as rocketing energy price hikes take effect.

Rishi Sunak faced criticism for being "out of touch" with the UK population after it came to light that he owns four cars - rather than the modest family car he claims to drive.

Last Wednesday, Rishi Sunak addressed the rising cost of living in his Spring Statement. Fuel duty will be cut by 5p a litre and the threshold for paying National Insurance will increase by £3,000 from July.

Brexit Opportunities Minister Jacob Rees-Mogg, 52.The Death in Paradise star accused the politician of “gaslighting” Britons about Brexit.It happened after Mr Rees-Mogg shared a tweet yesterday highlighting a “benefit” of Brexit regarding this year’s Spring Statement.He retweeted a post by HM Treasury that announced they were cutting VAT on the installation of energy saving materials in residential properties from 5 percent to zero for the next five years.The Conservative MP added: “The EU would not allow us to do this, another benefit of Brexit.”Ralf responded today as he quote-tweeted Mr Rees-Mogg’s post, accusing him of telling a lie.He also argued that the move had been the European Union’s idea.In view of his 277,000 followers, Ralf fumed: “This is a flat out lie.

People on benefits, the disabled and those who cannot afford a car have been forgotten in Rishi Sunak 's Spring Statement, Mayor Andy Burnham has said. The Greater Manchester mayor welcomed the measures announced by the Chancellor today (March 23), saying they will 'clearly benefit many people'.

Manchester’s night time economy tsar Sasha Lord has voiced concerns over the state of the hospitality industry ahead of the chancellor’s Rishi Sunak’s Spring Statement. Many in the restaurant and bar business have expressed fears that when VAT increases back to pre-pandemic levels next month it could spell disaster for their businesses.

Following his Autumn 2021 Budget, Chancellor Rishi Sunak may have planned to use the upcoming Spring Statement to advance policies to support the UK’s economic recovery as we emerge from the coronavirus crisis.