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Chancellor cuts income tax and stamp duty in bid to boost growth
Chancellor Kwasi Kwarteng has unveiled the biggest package of tax cuts in 50 years, as he hailed a "new era" for the UK economy.
Chancellor Kwasi Kwarteng has unveiled the biggest package of tax cuts in 50 years, as he hailed a "new era" for the UK economy. Income tax and the stamp duty on home purchases will be cut and planned rises in business taxes have been scrapped. Mr Kwarteng said a major change of direction was needed to kick start economic growth.
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