'A lot of rich people have just got richer' Sky's political editor BethRigby and economics editor EdConwaySky give their instant analysis of the chancellor's not-so-mini budget. Latest: 📺 Sky 501, Virgin 602, Freeview 233 and YouTube
• Stamp duty to be cut from"today". Nothing will be paid for first £250,000 of property's value - double the current amount allowed. The threshold for first-time buyers is to be increased from £300,000 to £425,000. The value of the property on which first-time buyers can claim relief is to also go up from £500,000 to £625,000.and £400 grant.
• Planned rise in corporation tax to 25% next year is cancelled."We will have the lowest rate of corporation tax in the G20. This will plough almost £19 billion a year back into the economy", Mr Kwarteng said. • To cut taxes for businesses in designated sites for 10 years to support investment, jobs and growth. In talks with 38 local and mayoral combined authority areas in England about"investment zones". Aims to roll out more widely across UK.
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