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The Guardian - UK

National

Phillip Inman

From stamp duty to defence spending: what will Kwarteng’s mini-budget do?

NI Kwasi Kwarteng Liz Truss Rishi Sunak GDP IFS Tax Cuts

Kwasi Kwarteng arrives for the first cabinet meeting in Liz Truss government — GDP growth has averaged 1.5% under recent Tory governments but Kwasi Kwarteng believes lower taxes can change that. Photograph: Tayfun Salcı/ZUMA Press Wire/Rex/Shutterstock

The chancellor, Kwasi Kwarteng, stands up in the Commons on Friday morning to reveal his “emergency budget”. Here’s what we know so far:

What has already been announced?

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One subscription that gives you access to news from hundreds of sites

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Wallace very gingerly climbed out of his destroyed No. 23 Toyota, but thankfully walked away under his own power

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