Mini-budget 2022: chancellor accused of deepening inequality as stamp duty and top rate of income tax cut – live

LIVE – Updated at 13:29 Tax cuts to cost Treasury around £37bn in 2023-24, official figures reveal.   13:29 The FT’s Jim Pickard

suggests that yesterday’s fracking announcement from Jacob Rees-Mogg may have been a “bait and switch” operation to conceal the fact that the government sees onshore wind as a

better solution to the energy crisis than shale gas. (See 1.23pm.) Many Tory hate onshore windfarms, while some of them are very pro-fracking. wondering if the

fracking announcement yesterday was political red meat to overshadow the fact that the Truss government is quietly accelerating the rollout of onshore wind farms— Jim Pickard (@PickardJE) September 23, 2022 Torsten Bell, chief executive of the Resolution Foundation, has welcomed the move.

This is a big and good deal - undoing damaging anti-onshore wind bias of recent years— Torsten Bell (@TorstenBell) September 23, 2022

Kwarteng set to remove de facto ban on new onshore windfarms 13:23 Rowena Mason Kwasi Kwarteng looks likely to lift a de facto ban on new onshore windfarms

after the government said it would bring planning consent into line with that for other infrastructure. It has been very difficult for onshore windfarms to get planning

permission since David Cameron put in place a tough consent regime in 2015. Earlier this year Kwarteng pushed for the restrictions to be lifted but he encountered cabinet