MT Week - Five things you might want to do after the Spring Statement

This week, Chancellor Rishi Sunak unveiled his Spring Statement and there are a few major changes.

The most immediate of which was fuel duty: it’s been reduced by 5p per litre. At the same time, taxes on alcohol, cigarettes and other tobacco products have been frozen.

The Household Support Fund - which was designed to support families financially over winter - has also been extended and expanded.

Then in April, there will be a reduction in VAT for home insulation, heat pumps and solar panels.

And in July, the threshold for paying National Insurance (NI) will be raised to £12,500.

Although for a reduction in income tax, we’ll have to wait until 2024.

With so many changes happening, I wanted to look at some of the changes you might want to make, too.