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Rishi Sunak Steven Cameron Spring Statement Britain Ukraine social pandemic Target Bill Rishi Sunak Steven Cameron Spring Statement Britain Ukraine

Financial expert shares six possible changes Rishi Sunak could make in Spring Statement next week

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dailyrecord.co.uk
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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.

However, on top of the economic challenges of the pandemic, Sunak will also have to face up to the huge implications of the war in Ukraine, which will in turn add further to the UK’s cost of living crisis.

Inflation is sitting at its highest rate in three decades, with the next ONS data due on the morning of the Spring Statement.

But already, household incomes are being squeezed more than many people will have experienced in their lifetimes, and there’s more to come with double digit cost of living predictions.

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