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The Latest Breaking News from Income Tax

Chancellor says mini budget ‘is not a gamble’ as pound plunges

Kwarteng defends massive tax cuts and borrowing as spooked markets leave pound at new 37 year low

Evening Standard

'Reckless and irresponsible' – North East Labour MPs' tax cut fury after mini-budget 'for the rich'

Chancellor Kwasi Kwarteng announced a huge set of measures on Friday, including abolishing the top rate of income tax for high earners, which will be funded by more than £70bn of borrowing

Chronicle Live

All the ways mini-Budget hands thousands to the rich - and pennies to the poor

This is a Budget for the rich - with £1m earners getting £55,000 while £25k earners get £283. We take you through all the ways the Income Tax, National Insurance, Stamp Duty and other tax cuts help the better-off

Daily Mirror

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Martin Lewis brands Tories’ mini-budget announcements ‘staggering’ as he reacts to tax cuts

The Chancellor announced cuts to Income Tax, National Insurance and stamp duty in a series of new measures

Chronicle Live

Kwasi Kwarteng: Budget in full

Kwasi Kwarteng has unveiled a mini-budget that delivers billions of pound worth of tax cuts - including a surprise move to scrap the 45% top rate of income tax paid by the UK’s wealthiest. The Chancellor announced sweeping moves intended to rev up the economy in the eagerly-awaited “fiscal event”…

Evening Standard

Scottish and Welsh leaders say tax cuts for rich are ‘moral bankruptcy’

Nicola Sturgeon and Mark Drakeford criticise UK government over mini-budget that ‘embeds unfairness’

The Guardian - UK

Chancellor Kwasi Kwarteng's mini-budget - have your say

Using more than £70 billion of increased borrowing, Kwasi Kwarteng has set out a package which includes abolishing the top rate of income tax for the highest earners. Let us know what you think of his mini-budget announcement

Bristol Post

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Mini-Budget calculator: See how much you'll gain from huge tax and energy changes

The Mirror has pulled together a new calculator to highlight some of the key changes revealed today - including a reversal of the National Insurance hike and a 1p cut in Income Tax

Daily Mirror

Pound plummets as Kwasi Kwarteng sets out biggest raft of tax cuts for 50 years

The Chancellor abolished the top rate of income tax for the highest earners.

The Independent UK

Government fiscal plans a Thatcherite-on-steroids budget, says Murphy

Income tax and stamp duty on home purchases will be cut and planned rises in business taxes have been scrapped.

The Independent UK

How will mini-budget announcements affect UK households?

The Government has unveiled a raft of tax cuts as part of plans to drive up growth during the cost-of-living crisis.

The Independent UK

Kwasi Kwarteng’s high stakes bet on growth

FOR a “fiscal event” or even a mini-Budget, there is an extraordinary change of direction identified in the Chancellor’s speech today — enough for a couple of conventional Budgets. He told us this morning, “there are too many barriers to enterprise”. Accordingly, he has set out a dizzying range of…

Evening Standard

Kwarteng’s mini-budget creates further tax divergence between Scotland and UK

The Chancellor scrapped the top rate of income tax for the rest of the UK, and reduced the basic rate to 19p in the pound.

The Independent UK

What does the mini-budget mean for Scottish businesses?

We ask the experts which changes will have the most impact and how Holyrood is likely to react

Insider UK

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Daily Mirror

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

Kwasi Kwarteng has delivered his Mini-Budget in the House of Commons, with changes to Income Tax, National Insurance and the benefit system all confirmed this morning

Evening Standard

Mini-budget: What is income tax and how much will I pay?

The basic rate of income tax will face a cut in the new tax year

Birmingham Post

Business and home movers in Northern Ireland buoyed by mini-budget but calls intensify for Stormont return

Tax cuts offer some support but resumption of devolved leadership needed to protect economy from current headwinds

Liverpool Echo

Martin Lewis issues good news for anyone earning less than £50,000

The Money Saving Expert founder has explained the latest Stamp Duty and Income Tax changes in a new video

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news in one place.

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The Guardian - UK

How the mini-budget’s tax changes could affect you

From income tax to stamp duty and national insurance, how Kwasi Kwarteng’s announcements could affect you

Chronicle Live

How the mini-budget affects you - including benefits, tax cuts and stamp duty

The Chancellor announced a series of tax cuts as the cost of living crisis rages on, but the measures drew criticism from Labour as benefitting the richest

Wales Online

How much people on different income levels will save from all of Kwasi Kwarteng's tax cuts

Someone on £20,000 a year will get an extra £167.18 a year. A person on £200,000 will save over £5,000 a year in tax.

Daily Record

How much tax do you pay in Scotland after Kwasi Kwarteng unveils mini budget

Income tax levels could soon vary substantially in Scotland and England after the UK Government announced plans to help the richest.

Evening Standard

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

The Chancellor swung 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

Daily Mirror

Mini-Budget winners and losers - from fat cat bankers to Universal Credit claimants

Kwasi Kwarteng has delivered his Mini-Budget in the House of Commons, with tax cuts, a shake up of stamp duty and the removal of a cap for bankers' bonuses all confirmed

Daily Record

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

The Scottish Finance Secretary said the UK Treasury statement was 'cold comfort' for millions of Scots.

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