How do you feel about the mini-budget?

The end of last week saw Chancellor of the Exchequer Kwasi Kwarteng announce a new mini-budget to help 'solve the riddle of growth', and to aid people with the ongoing cost of living crisis.

The new announcements will see tax cuts for the higher earners, as well as changes to Universal Credit which could see some claimants have their benefits slashed.

With some aspects of the budget proving controversial, we want to know what your thoughts on it are.

Let us know how you feel in our comments section.

From April next year, those earning over £150,000 will no longer have to pay the top income tax rate of 45% and instead pay the same tax rate of 40% paid by those earning £50,271. New policies will also see reduced stamp duty for home buyers and a cut in the basic income tax rate to 19p, as well as extra restrictions brought into the welfare system.

The budget, which will be funded by £70 billion in borrowing, has attracted criticism with Wigan MP Lisa Nandy labelling it as 'more money for millionaires than for the North'.

Greater Manchester Poverty Action’s CEO Graham Whitham also shared his views on the budget, saying: “Today’s mini-budget should have seen the government finally take steps to provide additional targeted support to low-income households.

"Instead, they have prioritised those on the highest incomes through tax cuts, whilst pledging a more punitive benefits system for the most vulnerable."

How do you feel about the newly announced mini-budget? Share your thoughts in this comments section.

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