Tax cuts? What the chancellor could announce in his mini budget

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Tax cuts? What the chancellor could announce in his mini budget
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Liz Truss has been accused of downgrading her plans for a full budget but her team has indicated one will follow later in the year

Kwasi Kwarteng, the chancellor, will deliver a 'fiscal event' setting out the new government's economic approachWe're expecting some sort of mini budget from Kwasi Kwarteng on Friday, with details about help for businesses and individuals.

Liz Truss's chancellor will set the government's economic tone on Friday with measures to ease the cost-of-living crisis for individuals and businesses.The chancellor is expected to confirm big announcements including a reversal of the national insurance increase, scrapping the planned rise in corporation tax and removing green levies.

While it may not be as comprehensive as ordinary budgets, this"fiscal event" will set the tone for the economic approach of Liz Truss's government.

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