Summary by Ground NewsChancellor Kwasi Kwarteng brought forward the planned cut to the basic rate of income tax to 19p in the pound a year early to April. He also reduced Stamp Duty for homebuyers and confirmed plans to axe the cap on bankers bonuses. Shadow chancellor Rachel Reeves said the strategy amounts to an admission of 12 years of economic failure under successive Conservative governments.
12 days ago·London, United Kingdom
Mini-Budget 2022 - £45bn tax cut announcements at a glance and how they hit you
Stamp Duty, Income Tax, the bankers' bonus cap, and tax on the very richest 660,000 Brits have all been slashed in a tax-cutting mini-Budget that was 'mini' in name only
12 days ago·London, United KingdomRead Full Article
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