Chancellor Kwasi Kwarteng Unveils Tax Cuts
Sep 26, 2022 ·
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Description
Chancellor Kwasi Kwarteng has unveiled the biggest package of tax cuts in 50 years, as he hailed a new era for the UK economy. Income tax and the stamp duty...
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Chancellor Kwasi Kwarteng has unveiled the biggest package of tax cuts in 50 years, as he hailed a new era for the UK economy.
Income tax and the stamp duty on home purchases will be cut and planned rises in business taxes have been scrapped.
Mr. Kwarteng says a major change of direction was needed to kick start economic growth however Labour says it would not solve the cost-of-living crisis and was a plan to reward the already wealthy
He says high tax rates damage Britain's competitiveness reducing the incentive to work and for businesses to invest.
show less
Income tax and the stamp duty on home purchases will be cut and planned rises in business taxes have been scrapped.
Mr. Kwarteng says a major change of direction was needed to kick start economic growth however Labour says it would not solve the cost-of-living crisis and was a plan to reward the already wealthy
He says high tax rates damage Britain's competitiveness reducing the incentive to work and for businesses to invest.
Information
| Author | Africa Business Radio |
| Organization | Africa Business Radio |
| Website | - |
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