Andy Burnham Kwasi Kwarteng Bev Craig Manchester Andy Burnham Kwasi Kwarteng Bev Craig Manchester

The Mancunian Way: The Bankers' Budget

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Here is today's Mancunian Way: Hello, ‘Thatcher Max’. ‘The Bankers' Budget’. The reaction to Kwasi Kwarteng’s so-called mini-budget has not been so positive here in Greater Manchester.

The Chancellor has abolished the top rate of income tax for the highest earners, axed the cap on bankers’ bonuses and added restrictions to the welfare system.

He argued that tax cuts are ‘central to solving the riddle of growth’. The plans include Liz Truss’s promises to reverse the national insurance rise and axe the hike to corporation tax.

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