UK tax cuts seen as cold comfort for poorest Britons ...Qatar

Gulf Times - News
UK tax cuts seen as cold comfort for poorest Britons
Low-income Britons will see few benefits from the historic tax cuts announced by the country’s new finance minister yesterday, union leaders and anti-poverty campaigners said, warning that the measures would widen the rich-poor divide. Chancellor Kwasi Kwarteng scrapped the top rate of income tax as well as a planned rise in corporate taxes in his “mini-budget”, and said bankers’ bonuses would no longer be capped — measures Prime Minister Liz Truss hopes will help double Britain’s rate of economic growth. The tax cuts will benefit the lowest earners too, as will the reversal of a recent increase in national insurance (NI) contributions, but critics said the policies promised little relief t

Hence then, the article about uk tax cuts seen as cold comfort for poorest britons was published today ( ) and is available on Gulf Times ( Qatar ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( UK tax cuts seen as cold comfort for poorest Britons )

Apple Storegoogle play

Last updated :

Also on site :