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Normally, governments increase these personal allowances each year, so that someone can get a pay rise that matches the cost of living without getting dragged into paying a higher tax rate.The decision to freeze these thresholds increases the amount of tax that the government earns from peoples’ salaries.

Expectation has been more muted than normal – given the horror of events in Ukraine – but the Spring Statement is still a significant event that matters for all of us.The decisions.

Expectation has been more muted than normal – given the horror of events in Ukraine – but the Spring Statement is still a significant event that matters for all of us.The decisions he announces at the dispatch box will affect the prices we pay, the pound in our pocket.Before the conflict, there was already a squeeze on everyone’s wallet coming.