The Chancellor today (Friday 23 September) unveiled his Growth Plan.
- Chancellor unveils new growth plan, tackling energy costs to bring down inflation, backing business and helping households.
- Corporation tax rise cancelled, keeping it at 19% as government sets sights on 2.5% trend rate of growth.
- Basic rate of income tax cut to 19% in April 2023 – one year earlier than planned – with 31 million people getting on average £170 more per year.
- Stamp Duty cuts will help people on all levels of the property market and lift 200,000 homebuyers every year out of paying the tax altogether.
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