THE GUARDIAN: Reports chancellor is considering further changes to taxation after mini-budget ‘for the rich’
The government is considering a series of further tax cuts that could hand thousands of pounds to high earners, shortly after it announced the biggest giveaway in 50 years.
Plans under consideration could include bringing back a tax-free allowance for workers paid more than £100,000 a year, and lifting the amount pensioners can save before taxes kick in, the Sunday Telegraph reported.
The chancellor, Kwasi Kwarteng, on Friday delivered a mini-budget with tax cuts that will benefit many of the highest earners in the UK. Although it was not a full budget, it represented the biggest tax-cutting fiscal event since 1972 under another Conservative chancellor, Anthony Barber. » | Jasper Jolly | Sunday, September 25, 2022
