Chancellor Kwasi Kwarteng today unveiled his tax-cutting mini-Budget, promising a “new era for Britain” - after 12 years of Tory rule.
He announced £45billion of tax cuts that will largely help the rich and which experts warn could lead to a borrowing, debt spiral.
They include slashing Stamp Duty, cutting Income Tax to 19p and completely abolishing the 45p rate of Income Tax that is paid by around 660,000 of the richest people in Britain.
