The "mini" budget: did the rich just get richer?
This Is Why · Sky News
September 23, 202225m 39s
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Show Notes
Some called it a "mini budget", the government preferred to use the term "growth plan". As the UK faces a winter amidst a cost of living crisis, the new chancellor Kwasi Kwarteng revealed his proposals for encouraging economic growth.
In the biggest tax-cutting announcement since 1972, he abolished the top rate of income tax and brought forward a reduction to the basic rate. He also ended the cap on bankers' bonuses.
On the Sky News Daily, Niall Paterson investigates who'll be the biggest winners with Sky News' economics and data editor Ed Conway.
Producer: Emma Rae Woodhouse
Editor: Paul Stanworth
In the biggest tax-cutting announcement since 1972, he abolished the top rate of income tax and brought forward a reduction to the basic rate. He also ended the cap on bankers' bonuses.
On the Sky News Daily, Niall Paterson investigates who'll be the biggest winners with Sky News' economics and data editor Ed Conway.
Producer: Emma Rae Woodhouse
Editor: Paul Stanworth