Chancellor Kwasi Kwarteng today embarked on a huge economic gamble: slash taxes and roll back regulations in the hope of sparking sufficient growth to guard against soaring inflation, a fast-expanding deficit, and plummeting polling numbers. It is a decision, as liberal-conservative think tank Bright Blue put it, to "go for broke". But aside from the free-market approach to government finances, Kwarteng's 'Growth Plan' - initially conceived as a mini-Budget in response to the worsening cost-of-living crisis - also includes a flurry of crucial announcements and policy tweaks for the g...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes