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For the next five years, homeowners having energy saving materials like solar panels, heat pumps, or insulation installed will pay zero VAT.
The relief used to be more generous but the European Courts of Justice required us to restrict its eligibility.
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From 6pm today Fuel Duty Rates will be cut by 5p per litre across the country.
This is the biggest cut to all fuel duty rates – ever. 👇
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Today I will deliver a Spring Statement that builds a stronger, more secure economy for the United Kingdom.
Watch live here online from 12.40pm. #SpringStatement
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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.
The Spring Statement starts at 12.30.
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To further cripple Putin's illegal war in Ukraine, we are freezing all tax cooperation with Russia and Belarus.
This will ensure the UK is not supplying Putin’s regime with information that could lead to increased tax benefits or returns for Russia.
gov.uk/government/new…
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I am urging firms to think very carefully about their investments in Russia and how they may aid the Putin regime.
I also want to make it clear that there is no case for new investment in Russia.
gov.uk/government/new…
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Today @BorisJohnson has announced a further £175m of UK aid for Ukraine which will be provided directly to the Ukrainian Government.
This brings the total UK support announced during this crisis to around £400m.
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Russian companies in the aviation or space industry will now be prevented from making use of UK-based insurance or reinsurance services directly or indirectly.
This measure will severely limit their access to the global insurance and reinsurance market.
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I strongly welcome allied action taken today to exclude seven Russian banks from SWIFT.
This crucial step will cut those banks out of a service facilitating trillions of pounds of financial transactions and will severely hamper Russia’s ability to trade with other countries. twitter.com/EU_Commission/…
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We're committing another £80 million in aid to Ukraine to save lives, protect vulnerable people and to tackle the growing humanitarian crisis.
This funding brings the total UK humanitarian aid package for Ukraine to £120 million gov.uk/government/new…
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What is SWIFT?
How have we targeted the Russian economy?
Why is it working?
Below I explain our new financial sanctions on Putin's regime 👇
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Be in no doubt, the sanctions announced today are incredibly severe and designed to undermine Putin’s regime👇
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In conjunction with our allies, I am taking immediate steps to impose new financial sanctions on the Central Bank of Russia, Russian National Wealth Fund, and the Ministry of Finance.
We will continue to support the Ukrainian people in bringing this unjust war to an end.
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We’re stepping up our support to the people of Ukraine with the announcement of £40 million of further humanitarian aid.
This brings the total amount of UK Government aid pledged to Ukraine this year to £140 million.
gov.uk/government/new…
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The UK is imposing an initial tranche of sanctions in response to Russia’s violation of international law and disregard of Ukraine’s sovereignty.
This is the first wave and we will not hesitate to inflict further economic pain alongside our allies if this aggression continues.
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It’s thanks to the smartest scientists👩⚕️the hardest working volunteers🧕 the longest booster queues 👴 and the savviest business owners👨💻
That we were the 𝐟𝐚𝐬𝐭𝐞𝐬𝐭 𝐠𝐫𝐨𝐰𝐢𝐧𝐠 𝐞𝐜𝐨𝐧𝐨𝐦𝐲 in the G7 last year 🇬🇧💪🏽 Proud.
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Anyone who tells you there’s an easy answer to this situation isn’t being straight with you.
The Energy Bills Rebate is the fastest, fairest way to deliver help to millions of families. twitter.com/Conservatives/…
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1/ The energy regulator OFGEM has announced that the energy price cap will rise in April.
Without action this would be very tough for millions of families.
So we're going to step in and directly help people manage those extra costs with a £350 Energy Bills Rebate.
Explainer 👇
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1/ A lot of people are concerned about fraud in our Covid support measures and they’re absolutely right to be.
No, I’m not ignoring it, and I'm definitely not ‘writing it off’ 👇
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🌍A new report from the @IMFNews shows that the UK is forecast to have the fastest growth amongst all the G7 nations this year.
That's more evidence that our #PlanForJobs is working.
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Once complete, this factory will produce enough batteries for over 300,000 electric vehicles each year 🚗
Our #PlanForJobs is working. twitter.com/hmtreasury/sta…
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💻Help to Grow: Digital is now live!💻
Get a 50% discount on productivity-enhancing software, worth up to £5,000 for your business.
Supercharge your growth 👉 …-to-grow-your-business.service.gov.uk
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Unemployment is down
👍
Employee numbers are up to record levels - higher than pre-pandemic in every region.
📈
Vacancies have risen to another record
🚀
Redundancies are at record lows
📉
Our #PlanForJobs is working 👊
Prime Minister of the United Kingdom 🇬🇧
@Conservatives leader.
MP for Richmond (Yorks).