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The Latest Breaking News from Tax Cuts

Budget 2024: Jeremy Hunt considers new vaping tax and NI cut

Levy on vapes could make them unaffordable for children, as IFS warns over unfunded tax cuts

The Guardian - UK

Aussies to keep more of what they earn as tax cuts pass

Low and middle income earners are guaranteed bigger tax cuts after changes championed by Prime Minister Anthony Albanese cleared federal parliament.

AAP

Jeremy Hunt warned not to spook markets with unfunded budget tax cuts; US consumer confidence drops – as it happened

Rolling coverage of the latest economic and financial news, as ING warn the pound could fall by 2% if chancellor misreads the mood of bond investors

The Guardian - UK

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Jeremy Hunt’s ‘dubious’ financial planning lacks credibility, says IFS

Chancellor should resist temptation to announce unfunded tax cuts in March budget, advises leading thinktank

The Guardian - UK

Guardian Essential poll: Coalition leads for first time since election as Anthony Albanese’s trust ratings tumble

Exclusive: Labor’s change of position on stage-three tax cuts appears to have hit the prime minister’s personal favourability

The Guardian - AU

Tax brawl firms up as parties push for more relief

The coalition has flagged a tax policy that would let people keep more of what they earn if elected as it prepares to support Labor's revamped reforms.

AAP

‘Everything is so expensive’: tax cuts, cost of living and the battle to win the Dunkley byelection

Early voting may be slow but political analysts say the Melbourne electorate’s mood may be an indicator for Australian politics as a whole

The Guardian - AU

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Texas launches new property tax incentive program to lure new businesses

The Jobs, Energy, Technology, and Innovation program cuts property taxes for new manufacturing, research and development facilities. It replaces a shuttered program criticized for its impact on school finance.

The Texas Tribune

Jeremy Hunt handed tax boost as UK posts record monthly budget surplus

Analysts say figures give chancellor slightly more leeway for tax cuts before general election

The Guardian - UK

FTSE 100 Live 21 February: UK in record budget surplus, HSBC disappoints despite $30bn profits

HSBC, BAE Systems and Rio Tinto are among the heavyweight London-listed stocks in the spotlight today.

Evening Standard

The first step to our economic liberation is to tear up these crippling fiscal rules

How are we to get out of this recession if not through investment, investment, investment?

The Guardian - UK

Sunak is warned spending squeeze could lead to Conservative party wipeout at election

As fresh party infighting erupts after two byelection losses, the right are targeting public service funding to pay for tax cuts while others urge restraint

The Guardian - UK

Australia news live: Taylor Swift shows to go ahead at Sydney Olympic Park after no asbestos found – as it happened

This blog is now closed

The Guardian - AU

Tax cuts aimed squarely at regions, PM declares

Prime Minister Anthony Albanese says Labor's revamped stage three tax cuts will largely benefit working Australians from the bush.

AAP

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The Guardian - UK

Tory MPs warn Sunak veering further right would be ‘politically disastrous’

Leading members of party’s One Nation caucus caution against any ‘attempt to become the Reform party’

The Guardian - UK

Rishi Sunak warned against fresh austerity drive to finance tax cuts

Unions outraged as Jeremy Hunt said to be considering cutting public spending to balance books in next month’s budget

The Guardian - UK

Jeremy Hunt ‘considering spending cuts’ to fund pre-election tax giveaway

Treasury looking at reducing projected rise in public spending from 2025, FT reports citing insiders

The Guardian - AU

Australia’s economy likely to slow until stage-three tax cuts, lower interest rates and easing inflation kick in, CBA says

Spending tipped to moderate until households start getting some relief in the middle of the year, CommBank chief economist says

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AAP

Revamped income tax cuts clear their first major hurdle

Taxpayers earning under $150,000 are in line for a greater tax cut, after the Albanese government's overhauled income tax package cleared the lower house.

Top News

UK's Hunt eyes public spending cuts to fund tax cuts

The Financial Times reports that the UK's Chancellor of the Exchequer, Jeremy Hunt, is considering further reductions in public spending to finance tax cuts.

AAP

PM delivers big pitch on tax cuts as crucial vote nears

People are doing it tough and should keep more of what they earn, the prime minister has declared in a big pitch to parliament on income tax cuts.

Evening Standard

Hunt warned that UK tax cuts risk increasing mortgage rates

“A policy package that ends up lifting mortgage rates is the last thing Hunt will want with an election looming” Bloomberg economist Dan Hanson said

The Guardian - AU

Guardian Essential poll: any changes to negative gearing get lukewarm support

Voters approve of Labor’s rejigged income tax cuts but any broader reform would fail to win over majority, latest survey finds

The Guardian - UK

CBI tells Jeremy Hunt to focus on green investment instead of tax cuts in budget

Lobby group joins calls for chancellor to resist pre-election giveaways next month and spend on projects to boost economy

AAP

Property investors in focus as tax debate shifts gears

As home ownership becomes increasingly difficult for many, pressure is growing on the major political parties to revisit tax reform.

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