Kwarteng to announce £30bn of tax cuts in mini-budget – reports

Chancellor expected on Friday to outline proposals to deal with cost of living crisis and boost growth

Kwasi Kwarteng is preparing to announce £30bn of tax cuts in an effort to ease the pressure of the cost of living crisis and boost economic growth, according to reports.

It is thought the chancellor will outline plans to reverse the recent national insurance rise and freeze corporation tax in an emergency mini-budget on Friday.

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