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UK tax cut package is largest in half a century, says think tank

LONDON, Sept 23 (Reuters) - British finance minister Kwasi Kwarteng's package of tax cuts announced on Friday are the largest at a single event since 1972, the head of the Institute for Fiscal Studies (IFS) think tank said on Friday.

"This is biggest tax cutting event since 1972," IFS director Paul Johnson said on Twitter. (Reporting by David Milliken, writing by Sachin Ravikumar, editing by William James)