Sep 15, 2022
Tax-cutting mini Budget on Friday next week
Plans to hold the "Fiscal event" this month were thrown into doubt by the death of Queen Elizabeth II.The new PM has vowed to cut taxes to boost the economy and help people with rising living costs. Chancellor Kwasi Kwarteng could also set out the estimated cost of plans to cap energy prices. The government is yet to give an estimated cost for its plan, unveiled hours before the Queen's death was announced, to limit energy price rises. The scheme, which would mean a typical household energy bill would cost around £2,500 annually until 2024, could cost up to £150bn. The government is also yet to give details of a separate scheme to limit energy price rises for businesses.
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