Spring statement 2022 summary for members

This document provides a summary of the key takeaways from the Chancellor’s 2022 Spring Statement on 23 March 2022.

Location: England
Audience: All doctors
Last reviewed: 25 March 2022
NHS Structure Article Illustration

The focus of the Spring Statement was on measures to support families and businesses with the cost-of-living crunch over the coming year through tax reductions. 


What the summary outlines

  • The economic forecast 
  • What was and wasn't in the statement
  • The financial impacts on members


Key findings on health and social care funding

  • no increases or decreases to health spending
  • there was confirmation that the new health and care levy will go ahead (although the threshold at which you start to pay it will be raised)
  • the NHS efficiency target will double from 1.1 per cent to 2.2 per cent and this will include a review of Arm’s Length Bodies including NHS England and NHS Improvement.
  • Context
  • Economic forecast
  • What was in the statement
  • Ukraine
  • Climate change and Net Zero
  • Support for cost of living
  • Research
  • What was not in the statement
  • Financial impacts on members