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Kwasi Kwarteng has announced that he will scrap the top 45p rate of income tax and cut the basic rate of income tax by 1p next year as part of a “bold and unashamed” push for growth.
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Borrowing costs for UK companies are climbing

Borrowing costs for British companies have surged as the fallout from Friday’s mini-budget continues to reverberate around bond markets.

Millions of adults in the UK would have to borrow money to afford an unexpected bill of £300, research has found.
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IMF openly criticises UK government tax plans

The International Monetary Fund has openly criticised the UK government over its plan for tax cuts, warning that the measures are likely to fuel the cost-of-living…