Defiant Kwasi Kwarteng vows to slash taxes AGAIN in the New Year

Defiant Kwasi Kwarteng today vowed to push on with more tax cuts despite the nervous market reaction to his Emergency Budget – and Tory threats to revolt if the Pound dives further.  

The Chancellor insisted there is ‘more to come’ as he delivered a robust defence of the £45billion tax-cutting package.

He argued that it is right to ‘put money into people’s pockets’ and drive growth amid the cost-of-living crisis – pointing out that no other comparable nations were increasing the tax burden

Liz Truss and Mr Kwarteng are sticking to their guns, with suggestions that the personal allowance could be raised and child benefit restored for higher earners as part of efforts to unleash a ‘decade of dynamism’. 

Ms Truss declared in an article for The Mail on Sunday that she was determined to create ‘low-tax nation rich in opportunity’, despite the anxiety on her own backbenches.

Some have been muttering about the prospect of a revolt against the Finance Bill should Sterling slip below parity…

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Written by Bourbiza Mohamed

A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

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