Liz Truss and her chancellor Kwasi Kwarteng were accused of producing a “Robin Hood in reverse” economic plan helping the “already wealthy” after announcing a raft of tax cuts which benefit the rich the most.
The Treasury put the cost of mini-Budget tax cuts – including the scrapping of the top rate of income tax – at nearly £45bn a year by 2026. The richest 5 per cent would enjoy almost half of the gains, experts said.
