A handful of tickets have been dished out by police after a 'car meet' took place in a peaceful Cheshire village. Officers handed out nine tickets following the event in Chelford, near Alderley Edge, at the weekend.
23.09.2022 - 15:45 / manchestereveningnews.co.uk
Labour leaders in Greater Manchester have been reacting with anger to the mini-budget announced by the government this morning. Kwasi Kwarteng lifted the cap on bankers bonuses and scrapped the highest tax rate for those earning £150k a year, as well as a raft of other tax cuts, in a controversial budget today.
From April, the 660,000 earners getting more than £150,000 a year will no longer pay the top income tax rate of 45% and will instead pay the 40% applicable to those on more than £50,271 - meaning they will each reportedly save on average around £10,000 in tax a year.
Using more than £70 billion of increased borrowing, Mr Kwarteng also brought forward a planned cut to the basic rate of income tax to 19p in the pound a year early to April and reduced stamp duty for homebuyers. He argued tax cuts are “central to solving the riddle of growth” as he also added restrictions to the welfare system.
READ MORE: Eight key announcements Kwasi Kwarteng made in today's mini-budget
Treasury estimates put the measures, including Liz Truss’s promises to reverse the national insurance rise and axe the hike to corporation tax, as costing nearly £45 billion a year by 2026.
Mr Kwarteng claimed his economic vision will “turn the vicious cycle of stagnation into a virtuous cycle of growth”. But Labour leaders across the region have heavily criticised these tax cuts, saying they will benefit the richest in society and are unlikely to create the growth that the government says it will.
The night-time economy adviser for Greater Manchester, Sacha Lord, has been particularly critical of the package's lack of support for hospitality. He tweeted: "Speechless. No VAT or Biz Rate support for Hospitality. Corporation tax cuts are completely
A handful of tickets have been dished out by police after a 'car meet' took place in a peaceful Cheshire village. Officers handed out nine tickets following the event in Chelford, near Alderley Edge, at the weekend.
Autumn signals the arrival of many things: pumpkin-spiced drinks, darker nights and a return to big coat weather. Yet nothing is as synonymous with autumn as the colourful displays nature puts on for us.
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The pound has hit an all-time low against the dollar while Chancellor Kwasi Kwarteng has defended his tax cuts, which benefit high earners most. Sterling slumped last Friday (September 23) moments after the new Chancellor revealed his 'mini-budget' in the House of Commons.
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Sir Keir Starmer has accused the Government of 'gambling with people's finances and mortgages' with its 'casino economics'. Speaking before his party's annual conference in Liverpool the Labour leader said Prime Minister Liz Truss and Chancellor Kwasi Kwarteng had shown their 'true colours' with their raft of tax cuts that mainly benefit the wealthy.
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Chancellor Kwasi Kwarteng will deliver a variety of economic measures today as the government introduces a mini-budget to tackle the cost of living crisis.
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