Spring Statement 2022: What time is Rishi Sunak speaking? How to watch the Chancellor

Robert Halfon MP appeals to Rishi Sunak for fuel duty cut

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Chancellor Rishi Sunak will deliver his Spring Statement on March 23. The Chancellor is facing overwhelming pressure to bring in policies to stem the cost of living crisis that is gripping Britain currently. It will be his first statement that won’t be dominated by coronavirus contingency measures.

Households across Britain are desperate for the Chancellor to curb fuel and energy prices and keep a handle on inflation – all of which have been exacerbated by the crisis in Ukraine.

Measures have already been put in place, such as the £150 council tax rebate, but a previously announced increase in National Insurance is expected to go ahead.

The Chancellor tweeted yesterday: “Delivering greater economic security for our people, accelerating growth and productivity, and making sure the proceeds of that growth are shared fairly.

“That is not the work of any one statement. But that work begins tomorrow.”

READ MORE: Rishi Sunak in ‘precarious position’ ahead of mini-Budget

What is the Spring Statement?

The Spring Statement is an annual address made by the Chancellor on the state of the nation’s finances – and what they propose to do about it.

Often known as the ‘mini Budget’, it doesn’t include major tax or spending changes, which are always made in the Autumn.

However, smaller funding policies and pledges can be announced – hence why so many are looking to Mr Sunak to deliver relief tomorrow.

What time is the Spring Statement?

The Spring Statement will begin at 12.30pm, and will be delivered by the Chancellor from the House of Commons.

His speech will follow Boris Johnson’s latest appearance at PMQs, which starts at 12pm.

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How can I watch the Spring Statement?

There are several ways to watch the Spring Statement today.

The statement will air live on major news channels, including BBC News and Sky News, and will be accessible online through BBC iPlayer and the Sky News live YouTube stream.

Alternatively, you can watch via the UK Parliament YouTube channel.

What will the Chancellor announce?

Exactly what the Chancellor has in store is unknown – but the cost of living crisis is hoped to be the top of the agenda.

The National Insurance rise, announced in 2021, is expected to go ahead – despite experts saying it shouldn’t.

Measures to soften the blow of the energy price rise have already been announced – so it’s unlikely Mr Sunak will announce much more tomorrow.

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