Spring statement calculator 2022: how will your income change?
by from on (#5XE93)
Find out how chancellor Rishi Sunak's tax and spending plans will affect your personal finances
The chancellor delivered his spring statement just over a week before households are set to see energy prices go up by more than 50%, and on the same day official figures showed inflation running at 6.2% in February.
Rishi Sunak was under pressure to address the cost of living crisis, and announced several measures he said would help struggling families. These included a 5p cut in fuel duty and an increase in how much people can earn before they start making national insurance contributions.
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