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Mini-budget 2022: Tax cuts and other key measures unveiled by Chancellor
Comments
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All this market reaction to the Chancellor's statement last week seems to be rather an over-reaction if compared to previous market reactions to events.
1st September 2022. £0.75 to 1 USD.
26th September 2022. £0.93 to 1 USD.
1st February 2022. 76 Russian Ruble to 1 USD.
28th February 2022. 100 Russian Ruble to 1 USD.
Big tax cuts for the wealthy was a big surprise but nowhere near as bad as what Putin did, yet the market has priced it nearly as bad...
Currency data from here:
https://www.xe.com/currencytables/?from=USD&date=2022-09-26#table-section
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We give more in aid to Ukraine annually than the estimated annual cost of the additional rate cut per the Chancellor's growth plan.0
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Hi everyone,
The Chancellor has announced that the 45% rate of income tax will remain. See our MSE News story below:
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