Editor's Pick

Chancellor Kwasi Kwarteng to present mini Budget next week

Chancellor Kwasi Kwarteng will deliver a mini Budget on September 23 after MPs agreed to delay the start of their “party conference recess”.

Kwarteng will commit Liz Truss’s government to a radical programme to boost the UK’s growth rate, including deregulation and tax cuts.

Truss, who will be in the US next week attending the UN General Assembly, agreed to push back the date of the “fiscal event” by a day to accommodate her travel plans.

Kwarteng is expected to unveil cuts to National Insurance and reverse plans to increase corporation tax from 19 per cent to 25 per cent in April.

The chancellor will herald a post-Brexit deregulatory push and wants to scrap the EU bankers’ bonus cap, which was introduced in 2014.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Your daily news source covering investing ideas, market stocks, business, retirement tips from Wall St. to Silicon Valley.


TheProficientInvestor.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 TheProficientInvestor. All Rights Reserved.

To Top