Press release

23 Mar 2022 London, GB

EY - Spring Statement: Less of a dry economic Statement, more of a precursor to an Autumn blockbuster

The Spring Statement was meant to be policy light, but instead the Chancellor delivered a few immediate reforms now and promised a fuller course of incentives in the Autumn. This had less of the feel of a Chancellor responding to crises, and more of one delivering a vision.

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Chris Sanger, EY’s Head of Tax Policy, comments:

“The Spring Statement was meant to be policy light, but instead the Chancellor delivered a few immediate reforms now and promised a fuller course of incentives in the Autumn.  This had less of the feel of a Chancellor responding to crises, and more of one delivering a vision. 

“The question now will be whether the UK economy allows the Chancellor to stick to his course, or whether crises will continue to beset his plans.”

For all our Spring Statement analysis visit our dedicated web page.