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Daily Mirror
Daily Mirror
Business
Levi Winchester

What the Mini-Budget means for your money - from your income to savings and pensions

Kwasi Kwarteng Income Tax National Insurance Insurance Universal Credit

Kwasi Kwarteng has delivered his Mini-Budget, with a string of tax cuts to benefit high earners and changes to stamp duty all confirmed.

The new Chancellor has announced he will bring forward a 1p cut to Income Tax to 2023, as well as reverse a 1.25 percentage point hike to National Insurance.

Mr Kwarteng will also abolish the higher 45% rate of Income Tax, replacing it with a single higher rate of 40%.

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