Chancellor Kwasi Kwarteng to deliver biggest tax cuts since Nigel Lawson’s Budget 34 years ago, says IFS

Chancellor Kwasi Kwarteng is set to deliver the biggest tax cuts in more than 30 years but leave annual Government borrowing at more than £100 billion in four years’ time, leading economists said on Thursday.Ahead of the mini-Budget on Friday, the Institute for Fiscal Studies also warned the Government’s dash for growth may not deliver on anything like the scale hoped for and that it needed far wider reforms including on education, planning, skills, trade and infrastructure.