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 Opinion/ACS

OPINION: Spring Statement was damp squib for retailers – James Lowman, chief executive, ACS

The next milestone in the parliamentary calendar is the Queen’s Speech on 10 May, when the government will set out its plans for the year ahead

This year’s Spring Statement was supposed to mark the first ‘peacetime’ fiscal event for a chancellor that had, up to the end of 2021, been dealing with the impact of Covid-19 restrictions on the UK and extraordinary policies like the furlough scheme.

However, with inflation soaring, the war in Ukraine and a looming enormous increase in energy bills, the 2022 Spring Statement was anything but routine.

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