Latest Mini Budget 2022 Kwarteng Cuts Stamp Duty Top Income Tax Rate
Kwasi Kwarteng cut stamp duty and higher income tax in a mini-budget that Labor described as “a scheme to reward the already rich”. The chancellor unveiled tens of billions in extra spending and tax cuts in plans to boost economic growth. This also included removing a cap on bankers’ bonuses and a planned increase in corporation tax on big business profits. The government dubbed the mini-budget a “growth plan” as the UK faces a cost-of-living crisis, recession, soaring inflation and rising interest rates....