Young people will miss out in a budget that favours high-earners, financial experts warn

Young people will miss out in a budget that favours high-earners, financial experts warn

Young people have missed out in the government’s mini-budget as savings from personal tax cuts will disproportionately favour older, higher earners, financial experts have warned. Chancellor Kwasi Kwarteng announced the biggest tax cuts in 50 years earlier today, abolishing the top 45 per cent rate of income tax, scrapping the National Insurance increase and cutting Stamp Duty for homebuyers. In his speech, Mr Kwarteng argued that abolishing the top tax rate will stimulate growth, simplify the economy and make Britain …