Using more than £70 billion of increased borrowing, Mr Kwarteng yesterday set out a package which included abolishing the top rate of income tax for the highest earners.
He cut stamp duty for homebuyers and brought forward a cut to the basic rate of income tax, to 19p in the pound, a year early - to April - as part of tax cuts costing up to £45 billion annually.
This story is from the September 24, 2022 edition of The Herald.
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This story is from the September 24, 2022 edition of The Herald.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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