The Chancellor, Rishi Sunak, intended for this year’s Spring Statement to be a lowkey affair, a simple update on the latest economic and fiscal forecasts.
But then, due to the situation in Ukraine and its effects on the cost of living, it became clear that the Chancellor would have to do something more – and legislate.
In the end, Spring Statement 2022 was somewhere in between the update that Sunak originally planned and a full-blown Budget. It didn’t contain many policies but many of the ones that were there were significant.
To help you understand what matters for you and your fleet, we’ve published a guide to the Spring Statement’s legislative changes and to the wider economic context in which the Chancellor and the rest of us are operating. It’s free, of course. You can download it today.
Its pages contain analysis of:
- The 5p cut to Fuel Duty and whether it will really help people’s budgets;
- What happens with Fuel Duty after the one-year cut comes to an end;
- All of the important announces the Chancellor didn’t make, such as Company Car Tax rates for 2025-26 and beyond;
- The economic threat posed by inflation in the years ahead;
- And more…
As always, please let us know what you think of the guide. And do get in touch if you’d like to further discuss what Spring Statement 2022 means for you and your fleet.