Kwasi Kwarteng and Liz Truss are a Chancellor and a Prime Minister in a hurry, they know they have only got 18 months to get the economy growing if they are to win-re-election. So, they went all out in today’s non-budget Budget. Not only did they cancel the corporation tax rise and reverse the National Insurance increase but they abolished the higher rate of tax and brought forward the cut in the basic rate of income tax.
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