Economy

Chancellor announces sweeping tax cuts in first mini-budget

New measures announced today will include a £60bn energy relief package as well as a series of tax cuts, including a removal of the 45% higher rate of income tax.

Chancellor Kwasi Kwarteng has today (23 September) announced a ream of tax cuts alongside a £60bn energy support package as part of the new government’s first mini-budget.

Setting out his aims for economic growth, Kwarteng said that he wants the economy to increase by 2.

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