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The UK prime minister will be tempted to double down during party conference
Experts have highlighted potential traps ahead
Liz Truss’s government will need to reverse course on its ill-conceived mini-Budget
For both banks and consumers, the shock will jar some more than others
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
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
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
Businesses face a battle to survive this winter, industry bodies warn
Bankers have plenty to cheer but Kwarteng’s unconventional economics exacerbate business uncertainty
Abolition of income tax additional rate comes with ‘a sting in the tail’
FT writer recognised for writing about the risks and rewards of Venture Capital Trusts
UK immersive screenings company bought for £88mn by US ticketing group
Truss and Kwarteng want to repeat a failed experiment
Experts say scattergun approach on curbing illicit claims could hit research and development
Property investor Delancey’s portfolio includes Earl’s Court development in London
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