Spring statement calculator 2022: how will your income change?
The chancellor delivered his spring statement just over a week before households are set to see energy prices go up by more than 50%, and on the same day official figures showed inflation running at 6.2% in February.
Rishi Sunak was under pressure to address the cost of living crisis, and announced several measures he said would help struggling families. These included a 5p cut in fuel duty and an increase in how much people can earn before they start making national insurance contributions.
The planned surcharge on national insurance is to go ahead in April, and benefits will rise by 3.1% as previously announced.
What does this all mean for your personal finances? Enter your details in the calculator at the top of the page, created by accountants Blick Rothenberg, to find out.