Chancellor’s tax-cutting mini-budget evokes memories of earlier days of boom and bust

CHRIS GILES AND DELPHINE STRAUSS Kwasi Kwarteng invoked the spirit of Margaret Thatcher when defending his borrow and tax cut mini-budget yesterday. “I want to see . . . people retain more of their income, because I believe,that it’s the British people that are going to drive this economy,” the new chancellor told the BBC as he promised more,tax reductions to come.

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