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The Latest Breaking News from Tax Cuts

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

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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

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

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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’

The Independent UK

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

Evening Standard

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 Hindu

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

Chancellor says businesses take ‘priority’ ahead of autumn statement

The Independent UK

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

Evening Standard

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 Conversation

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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

Kiplinger

How to Save Yourself and Your 401(k) From Rising Taxes

Taxes will go up if provisions in the Tax Cuts and Jobs Act are allowed to sunset, but there’s still time to lock in lower taxes on your 401(k) savings.

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Evening Standard

The ‘low hanging fruit’ on London businesses’ Autumn Statement wishlist

Next month’s Autumn Statement is unlikely to be one filled with tax cuts and lavish spending plans

The Guardian - AU

Crossbenchers urge Labor to have ‘courage’ on changes to resources tax and stage-three tax cuts

David Pocock, Monique Ryan and Dai Le support revamping taxes to raise more revenue to address cost-of-living crisis

Reason

Democrats Say They're Fighting Inequality. But Many of Their Policies Favor the Rich.

Over the last several years, they have worked nonstop to ease the tax burden of their high-income constituents.

The Independent UK

Rishi Sunak ‘confident’ of tax cuts as rumours of election next autumn increase

But the Prime Minister said it remained the ‘right economic policy’ to focus on delivering his pledge of halving inflation.

The Guardian - AU

No plan for nuclear waste despite Aukus submarine deal, Senate hears – as it happened

Australia is planning to obtain nuclear-powered submarines, but has nowhere to dispose of radioactive waste

Salon

The perfect recipe for fascism

Professor Gavriel D. Rosenfeld on the toxic stew of tax cuts to rich people while placating racist scapegoating

The Guardian - UK

Rishi Sunak faces backbench discontent a year into his time in No 10

PM under pressure from Tory right for more tax cuts and from moderates for policies to tackle cost of living crisis

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