Saturday’s papers react to the Chancellor’s £45bn tax-cutting package deal which despatched the pound crashing to its lowest degree against the greenback in 37 years.

The Independent and The Guardian call it a mini-budget “for the rich” and run feedback made by TUC general secretary Frances O’Grady during which she said it was “Robin Hood in reverse”.

The vital tax cuts are an awesome gamble, The Daily Telegraph and The Times add.

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