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Evening Standard
Evening Standard
Business
Simon English

City Comment: Tax giveaways at odds with wider sentiment

City Kwasi Kwarteng Tax Cuts

Kwasi Kwarteng addressing MPs

(Picture: PRU/AFP via Getty Images)

Some warm words today from our new chancellor. Kwasi Kwarteng wants to “turn the vicious cycle of stagnation into a virtuous cycle of growth”, something he believes can be achieved by a bunch of supposedly City-pleasing tax cuts.

How did the actual City react?

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