To ask the Chancellor of the Exchequer, what assessment his Department has made of the regional distribution of measures announced in the 2022 Spring Statement; and if he will place a copy of that assessment in the Library.
Answered on
19 April 2022
The Chancellor’s Spring Statement on 23 March 2022 announced a number of measures to support households and businesses in every region and nation of the UK and to relieve the immediate pressure on our cost of living. This includes cutting National Insurance by aligning the Primary Threshold and Lower Profits Limit with the income tax personal allowance from July 2022 – a tax cut worth over £6 billion – and cutting the duty rate on petrol and diesel by 5p per litre for a year, saving the average UK car driver around £100.
It sets out that taxes are being cut, debt is falling and public spending is increasing, for the benefit of every region and nation in the UK.