The wealthiest people in Wales will benefit the most from Kwasi Kwarteng's first mini budget as Chancellor with people looking for work being forced to take part in an "intensive work search regime" in order to be eligible for benefits.
Friday's mini-budget signals a major shift in the way of thinking in the new Tory cabinet. There are major tax cuts to the basic rate, highest rate of tax, national insurance and corporation tax. A stamp duty cut will only apply in England.
Follow live updates as the new Chancellor reveals his mini-budget here.
