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The Guardian - UK

National

Kalyeena Makortoff Banking correspondent

Banks among biggest beneficiaries of Kwarteng’s mini-budget

Kwasi Kwarteng Liz Truss United Kingdom European Union United States

Kwasi Kwarteng — Kwasi Kwarteng also trailed ‘an ambitious package of regulatory reforms’, which will be revealed this autumn. Photograph: Jessica Taylor/AP

Banks will be among the biggest beneficiaries of Kwasi Kwarteng’s mini-budget after he announced a raft of policies to help costs, boost profits, lure staff, fuel house prices and slash red tape.

Scrapping the banker bonus cap

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