Kwarteng mini budget to boost growth
KWARTENG: we need a new approach for a new era.
The cap on bankers’ bonuses to be scrapped. VAT-free shopping for overseas visitors. Recent rise in National Insurance reversed from 6 November.
Level at which house buyers start paying stamp duty to be doubled to £250,000
Basic rate for income tax cut to 19p in April 2023.
Planned duty rise on wine and beer and spirits scrapped
LABOUR: today’s mini budget provides a comprehensive demolition of 12 years of the conservative government
The measures seen as a major change of direction for the government under new Prime Minister Liz Truss.
The centrepiece of the budget was a whopping tax cuts to businesses and individuals. This in a bid to get Brits investing and spending. Alongside the reversal of the national insurance rise that Kwarteng announced ahead of time. The chancellor is expected to reverse the planned rise in corporation tax and cut taxes on home purchases.
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Coming up at 09:30 the chancellor’s mini budget WATCH LIVE https://t.co/RrQQyVoBkt its pledging to focus on growth what do you think? #MiniBudget #TaxCuts #privatesector #chancellor @KwasiKwarteng pic.twitter.com/sKusFdYB1t
— YourNewsUKtv (@YourNewsUKtv) September 23, 2022