Treasury Committee Chair comments on Spring Statement
23 March 2022
Chair's comment
Commenting on the Chancellor’s Spring Statement, Rt. Hon. Mel Stride MP, Chair of the Treasury Committee, said:
“The Chancellor has brought forward some helpful measures to alleviate cost of living pressures faced by low-income households. He has also brought forward a future income tax cut.
The Treasury Committee will be particularly interested in establishing whether the balance struck between support measures introduced now, and planned tax cuts later, is the right one.
We will also wish to assess whether the amount of fiscal headroom that the Chancellor has maintained is appropriate, given the many risks present in the OBR’s forecast, and the pressing need to provide cost of living support now.”
The Treasury Committee will question the Chancellor on the Spring Statement 2022 at 2.40pm on Monday 28 March. This will follow an evidence session with the Office for Budget Responsibility (OBR) at 11.30am.
Further information
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