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Kwasi Kwarteng unveiled a package of tax cuts worth £45 billion as he set out his plan to boost economic growth. The Chancellor stunned Westminster as he scrapped the 45 per cent additional rate of income tax - but that was just one of many major changes. He also: 1. Axed a planned increase to corporation tax 2. Cut National Insurance from November 6 3. Announced a permanent cut to stamp duty Mr Kwarteng also lifted a cap on bankers' bonuses, brought forward a 1p cut to the basic rate of income tax by one year to 2023 and confirmed energy bills will be frozen at £2,500. Read the full article: https://www.telegraph.co.uk/business/... Subscribe to The Telegraph with our special offer: just £1 for 3 months. Start your free trial now: https://www.telegraph.co.uk/customer/... Get the latest headlines: https://www.telegraph.co.uk/ Telegraph.co.uk and / telegraphtv are websites of The Telegraph, the UK's best-selling quality daily newspaper providing news and analysis on UK and world events, business, sport, lifestyle and culture.