The Chancellor of the Exchequer, Kwasi Kwarteng, has delivered his 2022 mini-budget in an attempt to address concerns surrounding the ongoing cost of living crisis.
While significant tax cuts were already predicted ahead of the crucial economic update, many people across the country may have been surprised by the sheer extent of measures announced by the chancellor across the board.
Energy
Addressing the subjects on everyone’s mind early on, Kwarteng stated that the annual price of energy for UK households will now be limited to £2,500, resulting in savings of around £1,000 against the projected figures following the most recent energy cap.
He also confirmed that the £400 energy discount is still in place, with the most vulnerable homes receiving even more in government support. Some are less than convinced that any real ‘savings’ will be made.
Kwarteng says a typical energy bill of 2,500 this year is a SAVING of £1,000.
Earlier this week, the government announced that they would be halving energy bills for businesses over the next six months. Today he confirmed that a relief scheme will be put in place, as well as an “energy market finance scheme” which will offer liquidity to traders.
Similar relief will be afforded to schools and charities.
Lending and inflation
The hope is that this overall energy plan will reduce inflation, which currently sits at 9.9% based on August’s figures, to 5% and see the trending rate of annual financial growth to 2.5%.
Not only does the government believes this will lower the wider cost of living pressures but also free up finances to help better fund public services.
The overall energy relief package is said to be costing approximately £60 billion, meaning a significant amount will have to be borrowed from the Bank of England.
Bankers’ bonuses cap and corporation tax hike scrapped
On the subject of banks, one of the most controversial parts of the Kwasi Kwarteng’s update was the announcement that the cap on bankers’ bonuses will be scrapped entirely, arguing that previous measures only led to higher wages and people paying tax in other countries outside of the UK.
Next year’s scheduled corporation tax increase from 19% to 25% is also going to be scrapped, the rationale being that “low tax encourages investment” both domestically and from overseas.
Once again, people are less than impressed that the nation’s highest-earners appear to be the ones benefiting the most from government policy.
This is a Bankers’ Budget:
– Scrapping the cap on bonuses – Slashing tax for the top 1% of earners – Cutting tax on big businesses' profits
When millions urgently need help with the cost-of-living crisis, the Tories are helping out their super-rich mates.#EnoughIsEnough
The chancellor also said that the government are committed to removing further enterprise barriers caused by EU regulation, hoping to streamline “planning restrictions” across childcare, immigration, agricultural productivity, and digital infrastructure.
He sighted energy, telecoms and travel as key problem areas hamstrung by red tape.
However, he conversely criticised the ongoing strike action across the country and said that they plan to imitate other countries by introducing legislation to ensure minimum level service resumes.
Tax cuts
Elsewhere, businesses in nearly 40 different ‘designated zones’ have been promised tax cuts for the next 10 years and no stamp duty on new premises. Speaking of which, as of today, no payment will be required on the first £250,000 of a property’s value, with first-time buyers paying zero on the first £425,000.
In fact, it looks as though the overall tax system is set to be reviewed once again. Not only are previous corporation tax and stamp duty plans being scrapped but income tax, alcohol duty and more are all being reexamined as part of the not-so mini-budget.
Alcohol duty is set to be frozen in February, meaning that Brits can expect to save around 7p per pint, 38p per bottle of wine and £1.35 on spirits. VAT-free shopping is also due to be introduced for overseas visitors, with aim of increasing revenue from tourism.
Kwarteng also confirmed that the basic rate of income tax will be cut by 1p to 19p from April 2023, with the 45p tax rate for those earning over £150,000 will be abolished from the same time next year.
This is said to be the biggest series of tax cuts in 50 years.
£45 billion of tax cuts. This is biggest tax cutting event since 1972. Barber's "dash for growth" then ended in disaster. That Budget is now known as the worst of modern times. Genuinely, I hope this one works very much better.
Despite the ‘real’ living wage being increased by 10% in an attempt to try and curb rising costs in almost every other walk of life, it goes without saying that the UK faces an extremely difficult period ahead as energy costs continue to rise, post-Brexit prices keep rising and we approach the ever expensive winter months.
The shadow chancellor Rachel Reeves told the Financial Times that regardless of the measures announced today, both the mini-budget and Liz Truss’ appointment as Prime Minister represents “another zigzag on a path of policy failure” rather than any real sign of change.
All military personnel can travel for FREE on Manchester’s public transport this weekend
Emily Sergeant
All military personnel will be allowed to travel for free across Greater Manchester’s public transport system this weekend.
In case you hadn’t heard, this Saturday 28 June is Armed Forces Day.
Armed Forces Day sees Brits celebrate those who are currently serving troops, their families, serving reservists, veterans, and cadets, and Manchester will also be paying tribute to the hundreds who have ‘fearlessly served’ with day of commemorations in the city centre on Saturday.
Mancunians are expected to line the streets as a parade made up of armed forces personnel, veterans, and cadets will begin a procession that will proudly march through the centre of Manchester, starting in St Peter’s Square at 11:30am.
Manchester will be marking Armed Forces Day 2025 this weekend with a 'poignant' military parade through the city centre. 🎖🥁
You can also expect an afternoon of live performances by the lively Lancashire Army Artillery Band, alongside music hosted by BBC Radio DJ, Michelle Dignan, up until 4pm.
Historic military displays, and stalls from organisations including the NHS, Royal British Legion, and Manchester City Council’s own Armed Forces Covenant, will also be in attendance, as well giving visitors the chance to explore an engaging display of military vehicles, uniforms, artefacts, and personal stories that span the rich legacy of the British armed forces inside a pop-up Military Museum tent.
This year’s Armed Forces Day is also particularly-special because it marks the 80th anniversary of Victory in Europe (VE Day) which happened on 8 May, and the upcoming Victory over Japan (VJ Day) on 15 August.
All military personnel can travel for free on Manchester’s public transport this weekend / Credit: GMP | Bee Network
And so, in order to honour what an important weekend it is for hundreds in our region, the Bee Network has announced that all military personnel will be allowed to travel for free.
Free travel will be permitted on all Bee Network bus and tram services on both Saturday 28 and Sunday 29 June for any members of the Regular and Reserve Services carrying their MOD90 card, veterans who carry their Veterans’ badge or Veterans’ rail card, and cadets travelling in uniform.
To mark Armed Forces Day, we're offering free travel this weekend (28-29 June) for military personnel and veterans across bus and tram services in Greater Manchester.
“The Armed Forces community makes an invaluable contribution to our society, and we’re showing our appreciation with free travel on Bee Network buses and trams across Greater Manchester this weekend,” commented Danny Vaughan, who is the Chief Network Officer at Transport for Greater Manchester (TfGM).
The free travel is part of TfGM’s commitment to the Armed Forces Covenant – a promise from the nation that those who serve or have served, and their families, are treated fairly.
“It’s a special weekend and one we’re proud to get behind,” Danny concluded.
Featured Image – Janus Boye
News
Stockport paedophile jailed after ‘grooming, exploiting, and coercing’ teenage girls in early 2000s
Emily Sergeant
A prolific paedophile has been sentenced after admitting to ‘grooming, exploiting, and coercing’ teenage girls in the early 2000s.
Christopher Oates, from Stockport, has been brought to justice this week after he subjected vulnerable girls to what Greater Manchester Police (GMP) has referred to as a ‘campaign’ of violence and sexual abuse 20 years ago.
The court heard how the 45-year-old groomed one of the survivors from when she was just 14 years old, by providing her with a false sense of security, paying her compliments, and pretending to be her boyfriend, all before he proceeded to ply her with drugs, gifts, and affection, and using the trust and control he gained to persuade her to start sex work on the streets of Manchester.
When the teenage victim began to doubt his intentions and asked to go home, Oates dragged her down an alleyway, violently attacked her, and threatened her with a gun, stating: ‘You do as I say, you’re mine now,’ commanding her to go to her ‘spot’.
It was this incident that prompted the teenager to confide in her mother and support services, and from here, found the strength to move forward with her life, while still courageously supporting the police investigation.
#JAILED | Paedophile sentenced to 13 years for abusing teenage girls and committing a catalogue of crimes uncovered by detectives pic.twitter.com/yFKNtFmy6Z
— Greater Manchester Police (@gmpolice) June 26, 2025
From this investigation, detectives were then able to identify a second teenage victim, a 17-year-old, who Oates also coerced into sex work.
The two victims recall Oates taking them to a designated spot in central Manchester at least once a week to carry out sex acts in cars for money.
Oates would supply both victims with cocaine and alcohol, and even pressured them to take crack cocaine and heroin, aiming to build an addiction and increase their dependency on him.
In April 2024, Oates pleaded guilty to two counts of making indecent images of children, taking indecent images of children, and attempting to engage a child in sexual communication, as well as pleading to the production of cannabis and two counts of possessing an identity document with improper intent.
After being remanded into custody, on 5 September 2024, Oates was postal charged with possession of a firearm with intent to cause fear of violence, three counts of engaging in penetrative sexual activity with a girl aged 13-15 years old, and two counts causing / inciting a child aged 13-17 years to prostitution.
A paedophile from Stockport has been jailed after ‘grooming, exploiting, and coercing’ teenage girls in the early 2000s / Credit: GMP
In March earlier this year on the fourth day of his trial, Oates admitted to the offences, and this week (25 June 2025), he was sentenced to 13 years in prison for all his crimes.
“I would like to commend the two women at the centre of this case for the strength they demonstrated throughout our investigation and subsequent legal proceedings,” commented Senior Investigating Officer, Detective Inspector Eleanor Humphreys, from GMP’s CSE Major Investigations Team, as Oates was sentenced this week.
“It has been an arduous process for them to relieve the horrific abuse, and I am so grateful they placed their trust and confidence in our team to pursue justice.
“Their resilience and determination were the driving force behind reaching today’s outcome, where a dangerous man begins serving a lengthy sentence behind bars, far away from causing any more harm or misery.