On the 23rd March 2022, on the 2nd anniversary of the Covid lockdown, Chancellor Rishi Sunak delivered his spring statement, beginning
by paying tribute to soldiers in the Ukrainian army.
The chancellor says the UK has a “moral responsibility” to use its “economic strength” to help Ukraine, including through economic and humanitarian aid, as well as sanctions against Russia.
But Sunak warns the actions taken against Russia are not cost-free.
Delivering the statement, the Chancellor made clear that the sanctions against Russia will not be cost-free for people at home, and that Putin’s invasion presents a risk to our economic recovery – as it does to countries all around
A summary follows: