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The Independent UK
The Independent UK
National
Andrew Woodcock

Kwarteng announces tax cut worth thousands to rich and nothing to poorest

National Insurance Kwasi Kwarteng Insurance
PA Wire

The 1.25 percentage point rise in National Insurance will be reversed from 6 November, chancellor Kwasi Kwarteng has announced.

The move brings forward the tax cut – promised by prime minister Liz Truss during her campaign for the Conservative leadership – from the expected date of April next year.

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