Mini-Budget: stamp duty and income tax cut as Kwarteng targets growth

Chancellor Kwasi Kwarteng announced sweeping tax cuts in his mini-Budget statement. Here's what was said.

Kwasi Kwarteng
Kwarteng: hoping to boost growth
(Image credit: © Carl Court/Getty Images)

Chancellor Kwasi Kwarteng announced sweeping tax cuts in his mini-Budget statement. The government’s “Growth Plan” has set a target of reaching a 2.5% rate of economic growth as it tackles a tax burden predicted to reach its highest level since the 1940s.

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Nic studied for a BA in journalism at Cardiff University, and has an MA in magazine journalism from City University. She has previously worked for MoneyWeek.