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Daily Record
Daily Record
Politics
Torcuil Crichton

SNP in no rush to cut income tax as John Swinney attacks 'reckless' Tory budget

Kwasi Kwarteng’s “reckless” mini-budget is “cold comfort” for millions of Scots, John Swinney has said.

But the interim SNP Finance Secretary said there would be no rush to adjust Scottish income tax rates after Kwarteng slashed the upper rate of income tax for the wealthy paying taxes in England and cut stamp duty.

Swinney emphasised that separate house sales taxes and Scottish income taxes will be set out as part of the normal budget process with an annual Scottish budget due in February.

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