The annual Great Britain’s Government budget is normally announced in the Spring, hence the term ‘mini budget’ is for the Chancellor of the Exchequer Kwasi Kwarteng’s latest Growth Plan. It details a number of economic policies including:
- Corporation tax rise cancelled
- Basic rate of income tax cut to 19% in April 2023
- Cuts to Stamp Duty
- Ambitious targets set for 2.5% trend of growth