Some quick fixes include increasing the £50,000 threshold for the high-income child benefit charge, abolishing the tapering of the personal allowance for income above £100,000 and removing the limitations to the pensions annual allowance for tax relievable pension contributions.

The chancellor’s spring statement measures will cost the Treasury just over £35bn in total, but the government will benefit by £114bn, by what came before.  

If the inflationary pressures can ease and the economy grows beyond the latest projections, the tax bar is set high enough for Sunak to add to his tax plan and start the journey to be a low-tax chancellor.  

But there is a long way to go for the remainder of this parliament and not much contingency.  

So, the tax plan is to be continued at the autumn Budget 2022.

Nimesh Shah is chief executive of Blick Rothenberg