The UK Chancellor has announced what has been called the biggest tax-cutting event in 50 years amid the rising cost of living.
Kwasi Kwarteng unveiled the plans in the House of Commons on Friday morning, where details of cuts to taxes such as stamp duty were announced as the government tries to limit the impact of soaring energy bills on households.
The government said such changes will reduce peak inflation by 5%, increase its revenues, and prevent a massive increase in the national debt.
