Mini-budget: The biggest immediate winners of Kwasi Kwarteng's tax cuts are the top 1% - which will test the patience of Tory MPs

Does the mini-budget represent a new ideological divide between Labour and the Tories? Our deputy political editor SamCoatesSky explains why some people are criticising the announcement made by the chancellor. Analysis:

It remains to be seen how Labour will respond, though they will have to work hard not just to sound like perpetual naysayers or to drown the public in complex plans about green jobs that do little to excite voters.

In fact, the success of this plan may not live or die in Parliamentary debates and TV studios. The sugar rush of today will quickly give way to the hard yards they now need to do. The new investment zones will need new laws to make the tax changes happen, strike rule changes will need primary legislation, as do the plans to make infrastructure projects easier. In particular, it will be hard to convince Tory MPs to abandon their veto over unwanted local developments.

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