Speaking at the Conservative Party conference in Birmingham, Chancellor Kwasi Kwarteng acknowledged that his tax-cutting mini-budget caused economic turmoil, saying: "I know the plan we put forward 10 days ago caused a little turbulence. I get it."
The mini-budget was to give the wealthiest 1% a tax cut - however, the plans were axed after a bitter backlash from Tory MPs.
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The mini-budget was to give the wealthiest 1% a tax cut - however, the plans were axed after a bitter backlash from Tory MPs.
#Economy #minibudget #skynews
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Follow us on Twitter: https://twitter.com/skynews
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For more content go to http://news.sky.com and download our apps:
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Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB
Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí https://www.youtube.com/channel/skynewsespanol
Sky News videos are also available in German here/Hier können Sie außerdem Sky News-Videos auf Deutsch finden: https://www.youtube.com/channel/UCHYg31l2xrF-Bj859nsOfnA
To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales
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