How will the Mini Budget 2022 impact pay and benefits?

Mini Budget 2022: Chancellor of the Exchequer Kwasi Kwarteng delivered his Mini Budget speech in the House of Commons on Friday 23 September. This included a number of key annoucements that could impact pay and benefits.

Government scraps 45% tax rate on incomes above £150,000

Government scraps temporary national insurance increase

Government drops income tax basic rate to 19% one year early

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Government moves to reduce strike action through union regulation

Government to remove bankers’ bonus cap