UK markets open in 19 minutes
  • NIKKEI 225

    27,574.43
    -111.97 (-0.40%)
     
  • HANG SENG

    19,475.45
    +660.63 (+3.51%)
     
  • CRUDE OIL

    72.88
    +0.87 (+1.21%)
     
  • GOLD FUTURES

    1,797.10
    -0.90 (-0.05%)
     
  • DOW

    33,597.92
    +1.58 (+0.00%)
     
  • BTC-GBP

    13,789.37
    -33.01 (-0.24%)
     
  • CMC Crypto 200

    395.58
    -6.45 (-1.60%)
     
  • ^IXIC

    10,958.55
    -56.34 (-0.51%)
     
  • ^FTAS

    4,093.68
    -20.80 (-0.51%)
     

Chancellor announces cuts to income tax at 'mini budget'

Chancellor Kwasi Kwarteng announces that the 45% higher rate of income tax will be "abolished" and the basic rate will also be cut from 20p to 19p in the pound.