“The chancellor could use more of the levers at his disposal if the measures he’s announced today fail to make a difference in the months to come,” he added.
Elsewhere, Penny also said it was also worth noting that the change to the primary threshold for NI contributions is not effective until July, whereas the social care levy comes in on April 6, creating a “confusing situation”.
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Source: Spring Statement 2022: Personal Tax Factsheet
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