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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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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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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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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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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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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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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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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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Be in no doubt, the sanctions announced today are incredibly severe and designed to undermine Putin’s regime👇
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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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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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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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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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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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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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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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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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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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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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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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Some have called for the fuel duty cut to last until August. I have decided it will be in place until March next year – a full 12 months.
Together with the freeze, this is a tax cut this year for hard-working families and businesses worth around £5 billion.
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From July, people will be able to earn £12,570 a year without paying any income tax or National Insurance.
It’s a £6bn personal tax cut for 30 million people in the UK.
It’s worth over £330 a year and is the largest increase in a basic rate threshold – ever.👇
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We’re delivering our promise to match NICs and income-tax thresholds in full, this year.
It's the biggest single personal tax cut in over a decade.
70% of all workers will have their taxes cut by more than the amount they’ll pay through the new NHS & Care Levy.
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From April, the Employment Allowance will increase to £5,000.
That’s a new tax cut worth up to £1,000 for about half a million small businesses – starting in just two weeks’ time.
Prime Minister of the United Kingdom 🇬🇧
@Conservatives leader.
MP for Richmond (Yorks).