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The Telegraph Profile picture
@Telegraph
Sep 23, 2022 • 10 tweets • 5 min read • Read on X
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💷 In a radical package of tax cuts, Chancellor Kwasi Kwarteng has:

🔴 Brought forward a cut to the basic rate of income tax cut
🔴 Slashed National Insurance contributions
🔴Abolished additional rate of income tax

How much will #MiniBudget save you?

telegraph.co.uk/tax/news/calcu…
📰 Mr Kwarteng announced that the 1pc cut to the basic rate of income tax – first announced by former Chancellor Rishi Sunak – will be brought forward by one year

telegraph.co.uk/tax/news/calcu… Image
📰 This means that from April 2023, basic-rate taxpayers will pay 19pc in income tax, down from 20pc.

According to Mr Kwarteng this works out as an average tax saving of £170 next year for 31 million people

telegraph.co.uk/tax/news/calcu… Image
💷 Ahead of his mini-Budget, Mr Kwarteng confirmed that he was cancelling the 1.25 percentage point increase imposed by Rishi Sunak to pay for social care and dealing with the NHS backlog

telegraph.co.uk/tax/news/calcu… Image
🏥 Mr Kwarteng said he would also be scrapping the planned Health and Social Care Levy which was due to come into effect next April and raise around £13bn a year
telegraph.co.uk/tax/news/calcu… Image
🏠The Chancellor also has lifted 200,000 people out of paying tax on buying property in a radical overhaul of the stamp duty system

telegraph.co.uk/tax/news/calcu… Image
🏠With immediate effect the Government has increased the threshold above which stamp duty must be paid on the purchase of residential properties in England and Northern Ireland from £125,000 to £250,000

telegraph.co.uk/tax/news/calcu… Image
🏠The threshold at which first-time buyers begin to pay duty will increase from £300,000 to £425,000, and the maximum value of a property on which first-time buyers relief can be claimed will also increase, from £500,000 to £625,000
telegraph.co.uk/tax/news/calcu… Image
⚡️You can also see how much the energy price guarantee will save on your utility bills

telegraph.co.uk/tax/news/calcu… Image
🧮 How much will you save after National Insurance, stamp duty and income tax cuts?

Find out more on our tax calculator here: telegraph.co.uk/tax/news/calcu…

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More from @Telegraph

The Telegraph Profile picture
Jul 19
Here's the latest on the global tech outage from reporter @matthfield:

Television channels, airports and banks around the world have been knocked offline in a massive outage causing Windows computers to suddenly shut down.
Sky News’s breakfast show was not on air on Friday morning, replaced by archive footage.

Downdetector, a website which monitors outages, reported sudden spikes in problems with websites including Microsoft applications, banking websites and airline apps.
On Ryanair’s website, the company urged passengers to arrive at airports three hours early blaming a “third party IT issue, which is outside Ryanair’s control and affect all airlines operating across the network”.
Read 7 tweets
The Telegraph Profile picture
Dec 31, 2023
🧵Here are our best extraordinary life stories from 2023 🎉

Number one: Jake is a trans man. He froze his eggs. Then he met Hannah, a trans woman. Now they have two children

Read in full below 👇
telegraph.co.uk/family/life/ja…
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2⃣ Meet the ‘elite’ couples breeding to save mankind

Read the full piece here ⬇️
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3⃣ ‘I survived the world’s most infamous plane hijack – years later, the terrorist told me why’

Read the piece in full here 👇
telegraph.co.uk/news/2023/04/1…
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Read 5 tweets
The Telegraph Profile picture
Jul 24, 2023
🚨 #TwitterX Q&A 📣

Confused about Twitter's X rebrand?

Our Senior Technology Reporter @GazTheJourno will be here from 1pm today to answer all of your questions!

Drop them below 👇 Image
✍️ @GazTheJourno: Elon Musk has always wanted to create a company called X.

The first X was in fact an online bank he set up in the late 1990s - and its CEO was Peter Thiel. That company later became PayPal and was bought by eBay in 2002.
@GazTheJourno 🗣️ @GazTheJourno: Twitter’s blue bird logo has been with the site since its creation in 2006. Its branding has always been twee(t!), featuring the bird doing cutesy things including lifting up the fail whale on its ‘site over capacity’ page back in the 2010s… twitter.com/i/web/status/1…
Read 12 tweets
The Telegraph Profile picture
Jul 20, 2023
🇺🇦 Elderly and vulnerable Ukrainians were taken into Russian territory, stripped of their citizenship, forced to give blood and left in agony from botched medical procedures, a Telegraph investigation has found.

https://t.co/Pl4qbxCYAAtelegraph.co.uk/world-news/202…
Image
🔴 Elderly and vulnerable Ukrainians were taken into Russian territory, stripped of their citizenship, forced to give blood and left in agony from botched medical procedures.

https://t.co/nYk0u1bDJntelegraph.co.uk/world-news/202…
A Helping to Leave volunteer assists in the evacuation of residents from flooded ares of Kherson. CREDIT: Helping to Leave
Oleg Andreev, 65, who is paralysed, was taken by Russian invaders occupying his village in eastern Ukraine. Mr Andreev said his wheelchair was stolen by a Russian soldier, who used it for an
injured comrade.

https://t.co/Y3PhBrtsNMtelegraph.co.uk/world-news/202…
Image
Read 4 tweets
The Telegraph Profile picture
Jul 17, 2023
🇺🇦 Exclusive: Alexander Lukashenko implicated in alleged war crime as boys and girls as young as six are taken to camps in 'forced deportation'

Read this exclusive in full from @sophia_yan, @Nat_Vasilyeva, and @VerityBowman here 👇 Image
@sophia_yan @Nat_Vasilyeva @VerityBowman It is estimated that 2,150 Ukrainian children have been taken to at least four camps in Belarus since September 2022, with numbers expected to reach 3,000 by autumn this year.
Three of the “camps” are in the Minsk region, namely the Ostroshitsky Gorodok Sanatorium, the Zubrenok national children’s educational and health centre, and Dubrava children’s camp. The fourth site is the Golden Sands Sanatorium in the Gomel region. Image
Read 5 tweets
The Telegraph Profile picture
Jun 25, 2023
🔴NEW: Russia coup latest: Wagner forces retreat as Prigozhin faces exile in Belarus

Follow all the latest updates on our Ukraine liveblog here: https://t.co/8hDD4Md9S3telegraph.co.uk/world-news/202…
🔴NEW: The US was concerned about what would happen to Russia’s nuclear weapons during the armed coup staged by Yevgeny Prigozhin, an official has said.

Follow all the latest updates on our Ukraine liveblog here: telegraph.co.uk/world-news/202…
🇷🇺A mutiny that started over differences about how the Kremlin could win the war may end what little chances of victory Russia still has.

Read the full analysis here: telegraph.co.uk/world-news/202…
Read 4 tweets

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