THE GUARDIAN – EDITORIAL: Kwasi Kwarteng thinks Britain needs to give millionaires huge handouts and concrete over the country. He’s wrong
Kwasi Kwarteng came to the Commons determined to bury the politics of redistribution. But the Conservative chancellor revived it with a “ mini-budget” that attached rocket boosters on to bankers’ pay, gave millionaires a £40,000 handout by abolishing the top rate of tax and cut levies for businesses and buy-to-let landlords. It is in a cost of living crisis that Mr Kwarteng has chosen to show his true colours. Ordinary families are choosing between heating and eating. The nation’s public services are falling apart. The chancellor’s medicine for such ailments is to shower money – and to loosen regulatory safeguards – on the City, energy companies and housebuilders. » | Editorial | Friday, September 23, 2022
