Organisations supporting children and young people across the sector have criticised a “glaring absence” of help for families hardest hit by the cost-of-living crisis in Kwasi Kwarteng’s first mini budget.
The new Chancellor of the Exchequer’s budget includes plans to scrap a cap on bankers’ bonuses, the introduction of a 1p cut to the basic rate of income tax from April 2023 and cuts to stamp duty.
He also reiterated plans for a cap on energy bills for businesses and introduced reforms to the Universal Credit system.
