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Mini-Budget: Chancellor scraps 45% income tax rate
The government will scrap the 45% additional rate tax band for high earners, chancellor Kwasi Kwarteng has announced. Currently, those earning more than £150,000 pay 45% tax on their income above £150,000. During his mini-Budget speech this morning, Kwarteng (pictured) said he would remove the additional rate of tax so…
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