Martin Lewis has branded the Government’s mini-budget ‘staggering’ as he reacted to the announcements from the Chancellor today.
Kwasi Kwarteng confirmed in the House of Commons that the Tories will cut Income Tax, stamp duty, National Insurance and Corporation Tax amid the ongoing cost of living crisis. Other moves, such as abolishing the top rate of Income Tax and scrapping the cap on bankers’ bonuses, have already come under fire for benefitting the richest while failing to do enough for struggling families.
MoneySavingExpert founder Martin has previously had strong words for the Government over the cost of living crisis, branding them “zombies” and urging them to “wake up” and take action on the energy bill price cap rises back in August . And the financial expert didn’t hold back as he reacted to the measures as they were announced by the Chancellor.
