When was the mini budget? And what tax cuts are now happening? Here's everything Chancellor Jeremy Hunt reversed in the new budget including energy help, tax cuts and national insurance.
So what is the new mini budget outlined by Hunt? And what was it before? Here's all the things that will be changing, including cuts to income tax and National Insurance, and when they will come into action:What did the September mini budget say?
The higher rate of income tax bracket would be abolished and that there would be only one single higher rate at 40%.Before being fired from his position, Mr Kwarteng had already changed his policy on the abolishing of higher rate tax changes.Jeremy Hunt confirmed a reverse in the recent rise of National Insurance and that this would happen from November 6.
All rules around IR35 will now be simplified and regulations around pensions will change so funds can increase UK investments.
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