Kwasi Kwarteng’s mini-budget reaction | Daily Mail Online

Family-run businesses have been ‘thrown to the wolves’ by the Chancellor’s ‘mini-budget’ despite Kwasi Kwarteng unveiling the biggest package of tax cuts in 50 years, it has been claimed.

Mr Kwarteng declared his plans ‘for growth’ as a ‘new era’ for Britain as he unveiled cuts to income tax and stamp duty and a scrapping of a planned rises in business taxes.

Cheered by Tory MPs, the Chancellor said his tax cuts would ‘turn the vicious cycle of stagnation into a virtuous cycle of growth’.

Mr Kwarteng’s plans were hailed as ‘probably the most pro-business budget this century’ but industry chiefs. 

But fears have been raised the announcement did not go far enough do tackle the financial crisis facing family businesses, which have struggled through years of turmoil following the pandemic, war in Ukraine and now the cost-of-living crisis. 

Chancellor Kwasi Kwarteng declared his plans ‘for growth’ as a ‘new era’ for Britain as he unveiled cuts to income tax and stamp duty and a…

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