Kwarteng Says There’s ‘More to Come’ After UK Tax Giveaway (3)

UK Chancellor of the Exchequer Kwasi Kwarteng pledged further tax cuts in his pursuit of growth after unveiling the biggest fiscal giveaway in half a century.

Kwarteng’s package on Friday scrapped the top level of income tax and cut the basic rate by a percentage point, while also reversing a rise in the National Insurance payroll tax brought in earlier this year.

“There’s more to come,” Kwarteng said on Sunday in a BBC television interview. “We’ve only been here 19 days. I want to see, over the next year, people retain more of their income, because I believe that it’s ...