Mini-budget latest LIVE: Kwasi Kwarteng scraps 45% top rate of income tax as Chancellor slashes stamp duty

Mini-budget latest LIVE: Kwasi Kwarteng scraps 45% top rate of income tax as Chancellor slashes stamp duty

Mini-budget latest LIVE: Kwasi Kwarteng scraps 45% top rate of income tax as Chancellor slashes stamp duty The basic rate of income tax will be cut to 19p in the pound from April 2023 and the 45% higher rate will be ‘abolished’ wasi Kwarteng has unveiled a mini-budget that delivers billions of pound worth of tax cuts - including a surprise move to scrap the 45% top rate of income tax paid by the UK’s wealthiest. The Chancellor announced sweeping …