The Spring Statement ignores the needs of the elderly and will lead to a rise in pensioner poverty, according to Baroness Ros Altmann.

This is the full text of Chancellor's Rishi Sunak's Spring Statement 2022 as delivered to the House of Commons today.

The £3,000 increase to the National Insurance threshold has been welcomed by many professionals but there is also disappointment that a planned 1.25 % rise in NI has not been scrapped.

Chancellor Rishi Sunak has also announced a cut to fuel duty, increases to the household support fund, and nil-rate Vat for energy-saving materials to address the cost of living crisis in the UK.