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The Latest Breaking News from Tax Cuts

Bank of England warns markets are underestimating inflation risks – as it happened

Andrew Bailey fears markets are downplaying risks of persistent inflation, as new figures show UK borrowing so far this year is £16.9bn less than expected

The Guardian - UK

Autumn statement - latest: Sunak and Hunt can only make ‘tiny tax cuts’, expert warns

Only enough money in public coffers for ‘tiny’ tax cuts, IFS says

The Independent UK

Tory hopes grow of tax cuts at autumn statement after Sunak speech

A benefits shake-up that would see those with mental health or mobility problems told to search for work which is possible from home is also expected.

The Independent UK

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Sunak says he will cut taxes ‘over time’ as he reveals new economic priorities

PM signals that business tax cuts more likely than personal ones as he sets out ‘next phase’ of government’s economic plan

The Guardian - UK

PM unveils five new pledges as he promises tax cuts ahead of Autumn Statement

RISHI Sunak has said he is taking “five long-term decisions” in a bid to grow the economy and public finances.

The National (Scotland)

Tax cuts rumoured but the UK's autumn statement will offer little economic comfort

The UK chancellor’s autumn statement is likely to be relatively uneventful – yet extremely significant. Although some headline-seeking tax cuts are rumoured, sluggish economic growth and persistent inflation leave little scope for major policy announcements.

The Conversation

Tax cuts WILL be in Autumn Statement, Rishi Sunak confirms with priority on businesses

The Prime Minister said he and Chancellor Jeremy Hunt were taking the decision to 'cut tax' after having met his goal to halve inflation this year

Evening Standard

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Sunak promises tax cuts ahead of crunch autumn statement

The Prime Minister said it would take discipline and the Government would need to decide which cuts to prioritise.

The Independent UK

Boris Johnson ‘bamboozled’ by science and Matt Hancock had habit of saying things that were untrue, UK Covid inquiry hears – as it happened

Former chief scientific adviser Patrick Vallance revealed there was ‘complete lack of leadership’ at times in crisis

The Guardian - UK

Autumn Statement: Hunt would 'risk fuelling inflation with tax cuts putting money quickly in people’s pockets'

The IFS also stressed that some of the Chancellor’s fiscal “headroom,” possibly of around £25 billion, is an 'illusion'

Evening Standard

Autumn statement will avoid tax cuts that promote inflation, pledges Hunt

Chancellor seeks to promote growth ahead of autumn statement that could spark a rebellion among Tory backbenchers defending marginal seats

The Guardian - UK

Pressure on Hunt over tax cuts is constrained by economic reality

Political divisions and questions over the rule of law provide more fuel for Tory internal combustion

The Guardian - UK

Jeremy Hunt rules out any tax cut that fuels inflation in autumn statement

Chancellor says he will not throw away hard work done to tackle rising prices amid calls for income tax cuts

The Guardian - UK

The right is babbling about tax cuts while Britain burns. Pay no heed, Jeremy Hunt

Investment, investment, investment must be the chancellor’s mantra. Instead, he is being urged to give away billions to those least in need

The Guardian - UK

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The Independent UK

Hunt warns of ‘difficult decisions’ on benefits but mulls inheritance tax cut

The Chancellor is being urged by northern Tories to focus on the lower paid with tax cuts instead of the wealthiest in the autumn budget.

The Independent UK

UK Treasury chief signals tax cuts and a squeeze on welfare benefits are on the way

U.K. Treasury chief Jeremy Hunt says the government can afford to lower some taxes now that inflation is falling

The Independent UK

Jeremy Hunt signals he will cut taxes in budget amid criticism it jars with planned benefits squeeze

Chancellor thought to be considering inheritance tax cut – despite being warned it would be ‘stupid’

Evening Standard

Chancellor has 'headroom' for £15bn worth or tax cuts of new spending at Autumn Statement, analysis finds

But that doesn't include the cost of extending temporary schemes that are already in place, which is likely to take up most of the £15bn

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The Hindu

Argentina to vote in crucial presidential elections amid mounting economic woes

Nicolas, a 20-year-old student in Buenos Aires, faces an economic crisis reflected in 143% inflation & increased poverty. Javier Milei, an economist advocating tax cuts & dollarisation, is in a runoff against the Minister of Economy. People are deprived of basic needs & must be resourceful to survive. Lionel Vargas…

The Independent UK

Jeremy Hunt says tax cuts for businesses a ‘priority’ as he hints at benefits squeeze

Chancellor says businesses take ‘priority’ ahead of autumn statement

Evening Standard

Autumn Statement: Government denies it's punishing the poor amid tax cut talk

Inheritance tax rumours swirl ahead of Jeremy Hunt's budget statement on November 22

The Conversation

We could make most Australians richer and still save billions – it’s not too late to fix the Stage 3 tax cuts

The Albanese government is about to have to make a really important decision.

The Guardian - UK

Rachel Reeves plans pensions reform as part of Labour’s growth plan

Shadow chancellor also backs planning changes and industrial strategy, but no ‘unfunded tax cuts’

The Texas Tribune

Texas voters gave retired teachers raises and approved new infrastructure funds as most constitutional amendments passed

Voters approved a massive property tax cut and several other measures, but refused to raise the mandatory retirement age for judges.

The Guardian - AU

Scrap stage-three tax cuts to fight inflation rather than cut infrastructure funding, Queensland says

Deputy premier Steven Miles says it’s ‘too late’ to cancel projects and any effect on demand is likely to be years away

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