Wealthy men living in London and the south of England stand to gain most from the sweeping tax cuts unveiled by Chancellor of the Exchequer
Kwarteng said a cut in the basic rate of income tax will now take effect in April -- a year earlier than planned. Three quarters of those who don’t earn enough to pay income tax are women, according to the Women’s Budget Group.
It’s a similar story when it comes to abolishing the top 45% tax rate, charged on incomes above £150,000 ($164,000). Around 80% of those ...