UK mini-budget shakes the stock market, benefits the wealthy

UK mini-budget shakes the stock market, benefits the wealthy

UK mini-budget shakes the stock market, benefits the wealthy The new finance minister’s tax cuts send the British pound to a 37-year low. The British government has unveiled a new mini-budget in the parliament, intending to cut household taxes and energy bills while driving economic growth. In what represents the most significant tax cut budget since 1972, the new finance minister Kwasi Kwarteng’s sweeping new budget will see cuts to national insurance, stamp duty and the top tax rate. During …