Kwasi Kwarteng delivers sweeping cuts in latest mini-budget – video highlights

Kwasi Kwarteng has delivered his first budget since being appointed to Liz Truss's cabinet. On Friday, in a statement before parliament, the UK chancellor laid out plans to cut stamp duty, scrap bankers' bonuses and get rid of the highest band of income tax. The Treasury has released a document showing the newly introduced tax cuts will cost about 37bn in 2023-24

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