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Evening Standard
Evening Standard
World
Nicholas Cecil,David Bond,Jonathan Prynn and Rachael Burford

Mini-budget: Kwasi Kwarteng slashes income tax in growth gamble

Kwasi Kwarteng Income Tax National Insurance Britain Insurance United States

Kwasi Kwarteng slashed taxes by £45 billion on Friday in a huge gamble to ramp-up growth before the next general election.

The 6ft 5in Chancellorswung his axe at income tax, National Insurance, corporation tax and stamp duty in a historic mini-budget aimed at transforming Britain’s lacklustre growth rate.

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