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The Latest Breaking News from Tax Cuts

Autumn statement ‘set direction of travel’, says Chief Secretary to the Treasury

Laura Trott said the Conservatives wanted to ‘bring the tax burden down’ but would not say whether there would be future cuts.

The Independent UK

Tax cuts ‘start of a journey’, says Sunak

It comes after Jeremy Hunt used the autumn statement to announce major tax cuts.

The Independent UK

‘Not going to help in any way’: Hunt’s tax cuts bring little joy to sole traders

Tradespeople taking their vans to Midlands garage say changes to national insurance are a drop in ocean as costs have soared

The Guardian - UK

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Hunt’s tax cuts mean interest rates won’t drop until summer 2024, economists warn

National insurance cut risks Bank of England being more ‘hawkish’ in battle against inflation

The Independent UK

Which public services will suffer most to pay for Tory tax cuts?

Already squeezed criminal justice system, schools and local government would face painful cuts if chancellor’s sums are to add up

The Guardian - UK

Hunt’s tax cuts mean austerity ‘more painful’ than under Osborne, warns IFS

Thinktank says £20bn package of tax cuts would be mostly funded by deep reductions in public spending planned from 2025

The Guardian - UK

Hunt budget means spending cuts will be even more painful than austerity era, top economists warn

Public sector cuts will be ‘more painful’ than under Cameron and Osborne, says IFS – accusing Hunt of leaving ‘mother of a headache’ for next government

The Independent UK

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Jeremy Hunt denies opting for pre-election ‘crowd-pleasing taxes’

Chancellor defends decision to cut national insurance by 2p, while Labour says rise in energy bills will absorb tax cuts

The Guardian - UK

Tax cuts give voters ‘clear choice’ at election – Hunt

The Chancellor defended his tax cuts after economists warned they would pile pressure on strained public services.

The Independent UK

Jeremy Hunt's Autumn Statement still leaves hundreds of pounds shortfall for workers despite tax cuts

Number crunching shows mixed picture despite Chancellor's claims

Evening Standard

Jeremy Hunt denies lying about ‘record tax cuts’ claim

Chancellor speaks out after BBC interviewer tells him Tory advert is ‘fundamentally dishonest’

The Independent UK

UK households to be £1,900 poorer by end of this parliament, say economists

Warning comes after Resolution Foundation finds autumn statement favours richest 20% of earners

The Guardian - UK

Suella Braverman calls for annual cap on net migration, saying new figures ‘slap in face to British public’ – as it happened

Former home secretary says pressure on housing, the NHS, schools, wages, and community cohesion, is unsustainable

The Guardian - UK

Hunt hints at more tax cuts before next election after ‘making a start’

The Chancellor faces further analysis from the Office for Budget Responsibility on the autumn statement.

The Independent UK

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The Guardian - UK

Jeremy Hunt’s autumn statement tax cuts fuel talk of spring election

Chancellor unveils 2p national insurance cut but thinktanks warn next government faces fresh round of austerity

The Independent UK

Jeremy Hunt hails biggest tax cuts since Thatcher but plans condemned as ‘not good for growth’

Chancellor ‘opens the door to May election’ with national insurance giveaway and hint of income tax cut in spring

The Guardian - UK

Conservative MPs urge Jeremy Hunt to go further on tax cuts

Right wing of party says income and inheritance taxes must be reduced, but Labour says growth has ‘hit a dead end’

The Conversation

Autumn statement: experts react to national insurance and business tax cuts

The UK chancellor, Jeremy Hunt, as announced a raft of changes to the tax and benefit system as part of the government’s autumn statement. They included:

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The Guardian - UK

Jeremy Hunt delivers a budget designed to destroy a future chancellor

Jezza had a last throw of the dice and money to spend. He would blow it on tax cuts and let public services die

The Independent UK

Hunt’s tax cuts based on ‘implausible’ public spending squeeze – think tanks

Economists said the Chancellor’s tax reductions will not prevent this from being the ‘biggest tax-raising’ parliament in modern times.

The National (Scotland)

Five key points of the Autumn Statement: Is a spring General Election on the cards?

CHANCELLOR Jeremy Hunt claimed the economy had “turned a corner” delivering his Autumn Statement – but analysts have cast doubt on whether…

The Guardian - UK

A ‘live now, pay later’ autumn statement – and yet election year still looks bleak

Tax cuts are hardly unexpected when the country may soon be going to the polls. What is shocking is how little of the gloom they will relieve

The Guardian - UK

Will Jeremy Hunt’s autumn statement revive the Tories’ election chances? Our panel responds

National Insurance cut; pensions and benefits increased. But is that enough to distract from sluggish growth and the rising cost of living?

The Guardian - UK

Autumn statement: Jeremy Hunt announces tax cuts for firms and workers

Chancellor cuts national insurance rate and confirms rise in benefits and state pension but overall taxation levels still rise

Evening Standard

Autumn Statement latest: Jeremy Hunt cuts National Insurance from 12% to 10% from January

Jeremy Hunt has cut the main rate of National Insurance by two percentage points in an Autumn Statement to kick-start economic growth in Britain.

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