Ten Things You Need to Know Today: 24 September 2022

The Week’s daily digest of the news agenda, published at 8am

1. Kwarteng defends tax cuts

Kwasi Kwarteng has insisted that sweeping tax cuts aimed at boosting economic growth are fair for everyone despite highest earners gaining the most. The tax cuts, worth more than £55,000 annually to someone earning £1m a year, were described by some Labour MPs as a “class war,” while The Institute for Fiscal Studies said the plans were a “big gamble”. However, The Telegraph’s Allister Heath said it was “the best Budget I have ever heard a British Chancellor deliver, by a massive margin”.

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