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Daily Mirror
Daily Mirror
Business
Levi Winchester

Mini-Budget U-turns mean interest rates may NOT rise as much as feared, say experts

Interest rates may not rise as aggressively as previously thought after almost all the Mini-Budget tax cuts were cancelled today, experts said.

The new Chancellor Jeremy Hunt this morning announced he will scrap major policies planned by his predecessor Kwasi Kwarteng.

This includes “indefinitely” delaying the 1p cut to Income Tax, as well as reductions to dividend tax rates.

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