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The audacity of Kwarteng's tax cut for the rich

23 September 2022

7:46 PM

23 September 2022

7:46 PM

George Osborne dreamed about it and Rishi Sunak told friends that he’d like to do it if everything went well and he was feeling brave. But this morning Kwasi Kwarteng has gone ahead and done it.

The ‘additional rate of tax’ – set up by Gordon Brown as a trap for the Tories in 2009 – has just been abolished.

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