Kwasi Kwarteng's mini-budget is 'morally and economically bankrupt', says SNP and Labour

South Africa News News

Kwasi Kwarteng's mini-budget is 'morally and economically bankrupt', says SNP and Labour
South Africa Latest News,South Africa Headlines
  • 📰 Glasgow_Times
  • ⏱ Reading Time:
  • 53 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 59%

Nicola Sturgeon reacted to the measures claiming they were 'reckless'

Scottish Labour leader Anas Sarwar’s thoughts were in a similar vein.

He said: “This mini-budget demonstrates whose side the Tories are on. It is economically illiterate and morally bankrupt. “They have lifted the cap on bankers' bonuses, given a tax cut to those at the very top, and delivered a windfall instead of a windfall tax for the energy giants making record profits, all while letting energy prices almost double and working people struggle to make ends meet.

"The fiscal strength of the UK Government has allowed thousands of businesses in Scotland to keep more of their own money to invest, innovate, and grow. We are cutting National Insurance for 2.3 million Scottish workers, saving them an average of £285.”Peter Kelly, director of Poverty Alliance, said: “The chancellor’s statement, with its tax cut for the wealthiest, makes clear where his priorities lie.

"His priorities are the wrong ones and fail to reflect the values of justice and compassion that are at the heart of our society. This mini-budget will do nothing for the people who need help the most."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Glasgow_Times /  🏆 76. in UK

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Chancellor Kwasi Kwarteng hails 'new era' as he unveils tax cutsChancellor Kwasi Kwarteng hails 'new era' as he unveils tax cutsWhat drives the Chancellor Kwasi Kwarteng? In the wake of an historic Mini-Budget, what influences Mr Kwarteng's decisions that will affect us all? Our Political Editor nicholaswatt unpicks his story 🎥👇
Read more »

A guide to Chancellor Kwasi Kwarteng's ‘mini-budget’ and what it could mean for youA guide to Chancellor Kwasi Kwarteng's ‘mini-budget’ and what it could mean for you“During a cost of living crisis, it feels like the government didn’t read the room.”
Read more »

Chancellor Kwasi Kwarteng to promise 'new era for Britain' with plan for growth in mini-budgetChancellor Kwasi Kwarteng to promise 'new era for Britain' with plan for growth in mini-budgetThe chancellor is set to announce tens of billions of pounds both of increased spending and of tax cuts when he delivers his mini-budget at around 9.30am on Friday.
Read more »

Chancellor Kwasi Kwarteng announces cut to Stamp Duty in mini-budgetChancellor Kwasi Kwarteng announces cut to Stamp Duty in mini-budgetChancellor Kwasi Kwarteng announces cut to Stamp Duty in mini-budget 🏘️ no stamp duty will be paid on the first £250,000 of a property 🏘️ for first-time buyers the threshold will be increased from £300,000 to £425,000
Read more »

Universal Credit rules to be tightened under chancellor's plansUniversal Credit rules to be tightened under chancellor's plansChancellor Kwasi Kwarteng is expected to announce a welfare shake-up to 'get Britain working again'.
Read more »



Render Time: 2025-04-02 08:47:49