Chancellor Kwasi Kwarteng Unveils Tax Cuts
26 set 2022 ·
57 sec.
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Descrizione
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.
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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.
Informazioni
| Autore | Africa Business Radio |
| Organizzazione | Africa Business Radio |
| Sito | - |
| Tag |
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