‘A budget for the 1%’: government accused of huge tax cut for super-wealthy

‘A budget for the 1%’: government accused of huge tax cut for super-wealthy

The government stands accused of introducing a “simply staggering, huge tax cut for richer households” that will leave “the super-wealthy laughing all the way to the actual bank”, while allowing hundreds of thousands of already-struggling families to fall deeper into poverty. On Friday, Kwasi Kwarteng, the chancellor, announced a string of tax giveaways and other measures that economists and campaigners claim will hugely benefit the super-rich at the expense of hardworking people. The measures include: Scrapping the 45p additional tax …