Martin Lewis has reacted to the 'mini-budget' from Chancellor Kwasi Kwarteng which has seen tax cuts and more borrowing. In a statement on the economy to the Commons, Mr Kwarteng said he would cut the basic rate of income tax to 19p in April 2023, abolish the top 45% rate of income tax, cut stamp duty, and axe planned rises in alcohol duties.
Writing on twitter, consumer champion Mr Lewis said: "That really was quite a staggering statement from a Conservative party government. Huge new borrowing at the same time as cutting taxes."
"It's all aimed at growing the economy. I really hope it works. I really worry what happens if it doesn't," the Mirror reports.
