Story Edition - Kwarteng package has ‘biggest tax cuts since 1972’, says leading economist

 
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Wednesday, September 28, 2022

11:27:00 AM CEST

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Geolocation Information

Place : UK
Geo Path : Britain
lat : 51.50853   lon : -0.12574

Quotes... Extracted quotes

Paul Johnson said: “Barber’s ‘dash for growth’ then ended in disaster. That Budget is now known as the worst of modern times. Genuinely, I hope this one works very much better,”

independent-UKFriday, September 23, 2022 1:18:00 PM CEST

Kwasi Kwarteng said: “If a business hires a new employee in the tax site then on the first £60,000 they earn the employer will pay no national insurance whatsover”

inews-co-ukFriday, September 23, 2022 12:55:00 PM CEST

Kwasi Kwarteng said: “In due course we will publish a medium-term fiscal plan,”

irishtimesFriday, September 23, 2022 12:17:00 PM CEST

Kwasi Kwarteng said: “or face having their benefits reduced”

inews-co-ukFriday, September 23, 2022 12:55:00 PM CEST

Nicola Sturgeon said: “laughing all the way to the actual bank”

TheScotsmanFriday, September 23, 2022 12:56:00 PM CEST

Steve Webb said: "There is likely to be a flurry of activity amongst Britain's highest earners looking to make the most of the chance to get tax relief at 45% on their pension contributions. "

newsnow-co-ukFriday, September 23, 2022 1:21:00 PM CEST

Rachel Reeves says: "working people [will be] left to pick up the bill"

newsnow-co-ukFriday, September 23, 2022 11:37:00 AM CEST

Kwasi Kwarteng added: “If we really want to level up, we have to unleash the power of the private sector,”

hulldailymailFriday, September 23, 2022 11:21:00 AM CEST

Kwasi Kwarteng told: “This is a new approach for a new era focused on growth,”

irishtimesFriday, September 23, 2022 12:17:00 PM CEST

Jane Dodds said: "too late for the many small businesses that already closed their doors for the last time because they couldn’t afford soaring bills,"

southwales-eveningpostFriday, September 23, 2022 12:04:00 PM CEST

Michael Brown said: "It really is that kind of rabbit out of the hat at the end, that not only is the additional rate going to be completely abolished, but also the cuts to the basic rate of income tax are going to be brought forward a year," "It really is that kind of rabbit out of the hat at the end, that not only is the additional rate going to be completely abolished, but also the cuts to the basic rate of income tax are going to be brought forward a year,"

google-top-storiesFriday, September 23, 2022 1:48:00 PM CEST

Duncan Weldon said: “Like many others, I was expecting a large fiscal package. This was huge, well above the higher end of my expectations,”

newsnow-co-ukFriday, September 23, 2022 3:58:00 PM CEST

John Sweeney said: “the Scottish Government will set out its plans as part of the normal budget process”

news-yahoo-ukFriday, September 23, 2022 12:35:00 PM CEST

Helen Morrissey added: “The fact workplace pensions receive tax relief, and a contribution from your employer still make them incredibly powerful places to save for the future”

expressFriday, September 23, 2022 1:04:00 PM CEST

Kwasi Kwarteng told: “currently higher than the headline top rate in G7 countries like the US and Italy,”

bnnbloombergFriday, September 23, 2022 11:31:00 AM CEST

Alison Thewliss said: “The measures announced by the chancellor today do not go anywhere near far enough to mitigate the Tory-made cost of living crisis, and it’s shameful that the Tory government is increasing energy prices again to £2,500 instead of introducing a real freeze on bills”

eveningtelegraphFriday, September 23, 2022 2:31:00 PM CEST

Ms Sturgeon said: “the super wealthy will be laughing all the way to the actual bank”

news-yahoo-ukFriday, September 23, 2022 12:35:00 PM CEST

Kwasi Kwarteng said: "Our plan is to expand the supply side of the economy through tax incentives and reform," "That is how we will compete successfully with dynamic economies around the world. That is how we will turn the vicious cycle of stagnation into a virtuous cycle of growth"

newsnow-co-ukFriday, September 23, 2022 3:58:00 PM CEST

Kwasi Kwarteng told: "This will provide a price guarantee equivalent to the one provided for households, for all businesses across the country,"

itvFriday, September 23, 2022 12:36:00 PM CEST

Kwasi Kwarteng said: “To increase housing supply and enable forthcoming planning reforms, we will also increase the disposal of surplus government land to build new homes. We are getting out of the way to get Britain building”

itvFriday, September 23, 2022 12:36:00 PM CEST

Rachel Reeves declaring: "Never has a government borrowed so much and explained so little. This is no way to build confidence, this is no way to build economic growth"

newsnow-co-ukFriday, September 23, 2022 3:58:00 PM CEST

Gary Smith said (about Shadow Chancellor): "crying out for a credible economic vision for the future. “We need to bring inflation under control and build a modern manufacturing base that creates good jobs at home and enhances our national security. Instead the Chancellor has chosen to pour money into the hands of rich multinationals,"

newsnow-co-ukFriday, September 23, 2022 3:58:00 PM CEST

John Sweeney added: “We are doing everything within our power to support people, public services and the economy, but these efforts are under threat by a reckless UK Government beginning a new, and dangerous race to the bottom. "With a fixed Budget, and no scope to borrow for short term challenges, Scotland is at the mercy of UK decisions. This reinforces the urgent need for independence”

TheScotsmanFriday, September 23, 2022 12:56:00 PM CEST

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Subtitles

  • Mini Budget 2022: How Kwasi Kwarteng's huge tax cuts will affect Scots as rich set to benefit
  • UK to Scrap Top 45% Rate Income Tax, Kwarteng Says
  • UK's Kwarteng to scrap top rate of income tax, cut basic rate from April
  • Mini-Budget 2022 winners and losers
  • Stamp duty to income tax
  • Pensioners given ‘shot in the arm’ with income tax cut - but is it a ‘double-edged sword’?

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