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The Latest Breaking News from Kwasi Kwarteng

Half of Kwarteng’s cuts to personal tax will go to richest 5%, say experts

Thinktank says someone earning £1m will gain £40,000 as top rate, basic rate and national insurance reduced

The Guardian - UK

Kwasi Kwarteng vows to speed up Northern Powerhouse Rail and a host of Manchester road and rail schemes

Chancellor's promise to cut red tape could mean work starts on big infrastructure projects by next year

Manchester Evening News

‘It’s bittersweet’: what home-buyers think of chancellor’s stamp duty cut

Property-hunters on how permanent reduction for purchases in England and Northern Ireland will affect them

The Guardian - UK

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The big gamble on tax cuts for the rich that could railroad the economy off the tracks

The Daily Record's Westminster Editor Torcuil Crichton analyses The scale and the brashness of the Tory tax-cutting budget is staggering and Scotland will not be protected from global forces that could be unleashed by massive Treasury borrowing.

Daily Record

The Leader podcast: UK Government’s mini-budget explained

Will it cut inflation and boost the economy?

Evening Standard

Mini budget: will Kwasi Kwarteng's plan deliver growth?

The UK economy has been dogged by slow growth for a long time. Combined with even slower growth in productivity, it has meant virtually no increase in living standards for the average family over the past decade.

The Conversation

Tory backbenchers despair at ‘toxic’ mini-budget

Divisions of leadership contest return to the fore as some MPs criticise extra borrowing to pay for tax cuts

The Guardian - UK

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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

Banks among biggest beneficiaries of Kwarteng’s mini-budget

From scrapping the cap on bonuses to slashing red tape, the chancellor unveils a raft of policies he says will boost economic growth

The Guardian - UK

Talking Point: What did you think of today’s mini-budget announcement?

Kwasi Kwarteng said this is “the beginning of a new era” as he unveiled a historic mini-budget

Evening Standard

‘A budget for the 1%’: government accused of huge tax cut for super-wealthy

Kwasi Kwarteng’s measures benefit the rich at expense of struggling families, say critics

The Guardian - UK

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

Pound sinks in reaction to huge UK stimulus

LONDON: The British pound plunged to a 37-year low and stocks sank after the government delivered the most sweeping tax cuts since 1972, as economists warned that the ambitious plan was unsustainable at a time when inflation is rampant.

Bangkok Post

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

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The Independent UK

Kwarteng ‘betting the house’ with tax plans helping only those on above £155k

Institute of Fiscal Studies warned there was no ‘semblance of an effort to make the public finance numbers add up’.

Daily Mirror

Universal Credit rule change in full as 120,000 at risk of having benefits cut

Universal Credit is changing, with some people facing the risk of having their benefits cut if they don't work a certain number of hours at the National Living Wage

Evening Standard

Chancellor’s economic plans will reward ‘already wealthy’, warns Rachel Reeves

Liz Truss and Kwasi Kwarteng are two “desperate gamblers chasing a losing run” with an economic plan rewarding the “already wealthy”, according to shadow chancellor Rachel Reeves. The Labour frontbencher took aim at the Prime Minister and Chancellor as she warned the Government has served up a “menu without prices”,…

The Conversation

Mini budget 2022: experts react to the new UK government's spending and tax-cut plans

UK chancellor Kwasi Kwarteng has just launched the biggest package of tax cuts in half a century. This will involve around £45bn of reductions for people and businesses by 2027 – 50% more than anticipated before the mini-budget announcement.

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Daily Mirror

11 nasty details in the small print of 'Robin Hood in reverse' mini-Budget

Tax cuts for the rich, no limits on bankers bonuses and tougher benefit sanctions - funded by a £70billion Government borrowing spree. We've trawled through the documents to find all the unfortunate details in Kwasi Kwarteng's mini-Budget

Birmingham Post

Mini Budget: West Midlands business leaders react to Chancellor Kwasi Kwarteng's statement

High-profile business leaders from across the region have shared their views

Birmingham Post

Chancellor's mini Budget "cautiously welcomed" by Welsh business groups

Business leaders and politicians in Wales have had their say on Kwasi Kwarteng's mini Budget

The Guardian - UK

Kwarteng throws UK on sacrificial altar of Trussonomics where only bankers win

Chancellor maxes out with morally bankrupt budget that is anything but mini

The Independent UK

Alcohol duty freeze welcomed by drinks industry

Kwasi Kwarteng announced that an expected increase in duty rates for beer, cider, wine and spirits would be cancelled.

Manchester Evening News

Local Conservative MPs back mini-budget tax cut plans despite fierce criticism

Tory MPs from across Greater Manchester have backed the plans that hope to deliver economic growth.

Evening Standard

When will the national insurance increase be reversed?

The Chancellor said scrapping the rise will reduce tax for many businesses

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