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| Name | Chancellor unveils biggest 'tax cutting event since 1972' as top income tax rate scrapped | ITV News |
| Video Uploader | Video From ITV News |
| Upload Date | This Video Uploaded At 23-09-2022 18:58:36 |
| Video Discription | Chancellor Kwasi Kwarteng has announced he will slash the top rate of income tax for the wealthiest in the country, as his mini-budget was described as the "biggest tax cutting event" in half a century. Describing his economic plans as "one of the most significant interventions the British state has ever made", the chancellor introduced wide-ranging measures to fulfill Liz Truss’s promises of tax cuts and economy growth through spending tens of billions of pounds. During his so-called mini-budget - that also removed the cap on bankers’ bonuses and added further restrictions to the welfare system - Mr Kwarteng argued his plan will “turn the vicious cycle of stagnation into a virtuous cycle of growth”. Critics have hit out describing it as a "budget for the wealthy", while experts called it a "gamble" and raised concerns over the extra £45 billion the government will have to borrow to pay for the cuts. • Subscribe to ITV News on YouTube: http://bit.ly/2lOHmNj • Get breaking news and more stories at http://www.itv.com/news Follow ITV News on Facebook: https://www.facebook.com/itvnews/ Follow ITV News on Twitter: https://twitter.com/itvnews Follow ITV News on Instagram: https://www.instagram.com/itvnews/ |
| Category | News & Politics |
| Tags | News & Politics Download MP4 | News & Politics Download MP3 | News & Politics Download MP4 360p | News & Politics Download MP4 480p | News & Politics Download MP4 720p | News & Politics Download MP4 1080p |
