Mini-budget: Labour attacks chancellor's 'casino economics'

Deputy Labour leader Angela Rayner has attacked the new chancellor's mini-budget as ''reckless'' and ''casino economics.''

The top rate of income tax top has been scrapped as part of the biggest package of tax cuts in 50 years, and the basic rate will fall by a penny.

Chancellor Kwasi Kwarteng has insisted the tax cuts are fair for all, despite the highest earners benefiting the most.