Mini budget and income tax: 5 things mentioned by Chancellor Kwasi Kwarteng
Summary by NewsWall Apr 22 23
- The Treasury estimates that the package of measures, including Liz Truss' promises to reverse the national insurance rise and repeal the company tax increase, will cost over £45 billion per year in 2026.
- The projected reduction in the basic rate of income tax to 19p in the pound per year has been pushed back to April.
- Mr. Kwarteng asserted that his economic model would "turn the vicious cycle of stagnation into a virtuous cycle of growth"
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| Last Updated | Sep 24 22 |
| Total Articles | 203 |
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U.K. Government Goes Full Tilt on Tax Cuts and Free-Market Economics: The new administration’s proposals are a sharp break from the era of Boris Johnson ...
nytimes.com/2022/09/23/world/europe/uk-tax-cuts-economy.html
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metro.co.uk/2022/09/23/all-the-key-points-from-kwasi-kwartengs-mini-budget-17437275/
Britain sends investors fleeing with historic tax cuts and borrowing: Britain's new finance minister Kwasi Kwarteng unleashed historic tax cuts and huge ...
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theguardian.com/uk-news/2022/sep/23/mini-budget-2022-what-does-it-mean-for-you-income-tax-stamp-duty-ni-kwarteng
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theguardian.com/uk-news/2022/sep/23/kwasi-kwarteng-announces-sweeping-tax-cuts-in-mini-budget
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Keeping tax free thresholds could see the Government net billions more than initially projected
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