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Kwarteng is on course to announce cuts as big as those set out by Osborne in 2010
Experts have highlighted potential traps ahead
Liz Truss’s government will need to reverse course on its ill-conceived mini-Budget
Government to impose $3bn in tax rises to balance increased spending on energy subsidies
I’ve been offered a larger share of the equity in the family home when we divorce
For both banks and consumers, the shock will jar some more than others
Measures would affect inflation less than an increase in deficits, argues central bank’s chief economist
FT finance and political experts debate the fallout as sterling plummets
Unreported offshore earnings of UK residents domiciled overseas totalled £10.9bn in 2018
Most Conservative MPs give chancellor’s tax cuts the benefit of doubt but dissent is also rife
Irresponsible, eccentric and regressive, the new government’s economic strategy will pile up debt and worsen inequality
Local Conservatives back plans but mini-Budget triggers wider scepticism around northern town
Kwarteng axes top rate of income tax and reduces basic rate but gilt yields surge on government borrowing fears
Kwasi Kwarteng’s fiscal statement has set the economy on a hazardous path
Tax cuts for businesses and the better-off questioned by economists and draw furious reaction from Labour
Those on salaries of £200,000 could save as much as £4,333 in the next tax year
Treasury counting on debt-financed tax cuts and energy subsidies not pushing up inflation and driving down pound
The stage is now set for a head-on battle between the Treasury and the Bank of England
Reintroduction of tax policy abolished in 2021 is hailed as ‘significant win’ for companies
The chancellor surprised many by scrapping the additional rate of income tax
Borrowing costs soar and equities sink as traders fret over government’s fiscal responsibility
Main points and key data from Kwasi Kwarteng’s economic announcement
But even big giveaways will not save the wealthy from inflation
Measures will do little to insulate purchasers from the effects of rising interest rates, warn analysts
Businesses face a battle to survive this winter, industry bodies warn
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