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UK's mini budget slashes taxes and borrows heavily as recession hits

Por: CNN Business September 23, 2022

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London (CNN Business)A by the UK government aimed at rescuing the and boosting long-term growth sent on Friday.Announcing the biggest tax cuts in 50 years at the same time as boosting spending, Finance Minister Kwasi Kwarteng said the government needed a new approach for a new era, focused on growth.The sweeping tax cuts, which include slashing the top rate of income tax to 40% from 45%, reductions in duties paid on house purchases, and the... + full article



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