Mini budget 2022 LIVE: Liz Truss to scrap corporation tax hike & ‘cut stamp duty’ in Kwasi Kwarteng statement TODAY

LIZ Truss will SCRAP company tax and Nationwide Insurance coverage hikes in a variety of latest measures to be revealed by the chancellor at this time.

Kwasi Kwarteng is about to present his extremely anticipated Mini Funds assertion at this time at 9:30am – the place he’s anticipated to announce a variety of tax cuts.

Additionally anticipated to be introduced is Liz Truss‘ plan ‘to chop Stamp Obligation’ and assist Britain’s drive financial development – with Whitehall sources saying the transfer may very well be a “rabbit” out of the hat in Mr Kwarteng’s deliberate speech.

However the Chancellor can even reveal greater than 100,000 folks in part-time work might face a profit minimize in the event that they fail to actively search extra work in a serious shake-up of the welfare system.

It comes after Ms Truss revealed to US companies on Wednesday that she is going to slate Rishi Sunak’s scheduled company tax hike in a daring try to draw the nation’s funding to the UK.

Learn our Mini Funds 2022 reside weblog beneath for the newest…

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