Chancellor Kwasi Kwarteng has drawn up a package of measures aiming to boost economic growth, helping people and businesses survive the cost of living crisis.
Details of these measures are included below:
Kwasi Kwarteng announced the day before the mini-budget the 1.25 percentage point rise in national insurance will be reversed from 6 November.
The Chancellor has confirmed benefit claimants working up to 15 hours a week are required to take new steps to increase their earnings or face having their benefits reduced.
The Government will legislate to put new conditions on unions wanting to strike to ensure minimum services continue during strikes.
The cap on bankers' bonuses will be lifted.
The Government is scrapping a planned increase in Corporation tax that had been due to rise from 19% to 25%.
Low-tax investment zones will be created with no stamp duty to pay on newly occupied business premises, no business rates to pay and no national insurance on the first £50,000 earnt by new hires.
The Government will introduce VAT-free shopping for tourists.
Planned increases in duty rates for beer, cider, wine and spirits will be cancelled.
No stamp duty will be paid on the first £250,000 of a property, and for first-time buyers the threshold will be £425,000.
The basic rate of income tax to be cut to 19p in April 2023 – one year early.
The top rate of income tax of 45% rate for earnings over £150,000 to be abolished.