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The Latest Breaking News from Tax Cuts

Scots Tory secretary claims Liz Truss's tax cuts are 'small' as he takes swipe at the BBC

Since the Chancellor's mini budget on Friday the economy has tanked due to the unfunded tax cuts which run into the tens of billions.

Daily Record

Liz Truss plots to reduce benefits to help fund tax cuts for the rich

THE Tory government is set to cut benefits in real terms in order to fund tax cuts for the rich, according to reports.

The National (Scotland)

Asian stocks sink on German inflation, British tax cuts

Asian stocks have sunk again after German inflation spiked higher, British Prime Minister Liz Truss defended a tax-cut plan that rattled investors and Chinese manufacturing weakened

The Independent UK

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No easy way out of Truss’ ideological insanity, with Britons set to be the losers

Where to now for Liz Truss and Chancellor Kwasi Kwarteng? If they won’t ditch their tax cuts, there are no good options for them — or the UK.

Crikey

Liz Truss and Kwasi Kwarteng double down on mini-budget as Chancellor visits Darlington

Liz Truss and Kwasi Kwarteng have insisted their £45bn package of tax cuts is the "right plan" despite chaos on financial markets, and fears of rocketing mortgage bills

Chronicle Live

UK's Labour has 33-pt lead over ruling Conservatives -YouGov poll

Britain's opposition Labour party has surged to a 33-point lead over the ruling Conservatives, according to a YouGov poll on Thursday, after days of chaos in financial markets triggered by the government's planned tax cuts.

Reuters

Tax cuts funded on backs of poor ‘morally indefensible’, say campaigners

Government could seek to reduce welfare benefits spending in wake of recent mini-budget

The Guardian - UK

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UK PM vows to get borrowing 'back on track' after market turmoil over tax cuts

London (AFP) - UK Prime Minister Liz Truss defended her tax-slashing plans Thursday but vowed to "get borrowing back on track", after nearly a week of silence when markets tanked and the Bank of England was forced into an emergency intervention.

AFP

Liz Truss: Tory tax cuts would 'turbocharge' Scottish economy

LIZ Truss has urged the Scottish Government to replicate her government's tax-slashing budget - saying it could help "turbocharge" the…

The National (Scotland)

The UK's economic turmoil doesn't have to be ours

Lack of coordination between monetary and fiscal policy is hurting the UK economy and threatening a global currency crisis. What might that mean for NZ?

Newsroom.co.nz

Poorest in society will pay most for Tory tax cuts, Kwasi Kwarteng signals

Kwasi Kwarteng refused to say if benefits would rise with inflation next April amid warnings that families face destitution if they do not.

Daily Record

A global problem? Liz Truss’s claims on financial chaos fact-checked

We look at claims made by the PM and the chief secretary to the Treasury that have raised eyebrows

The Guardian - UK

Nicola Sturgeon confirms Scottish Government won't repeat Tory tax cuts that 'crashed the pound'

The First Minister warned some Scots were now "terrified" of their ability to heat their homes and pay their mortgages this winter.

Daily Record

UK's PM defends 'difficult' tax cuts despite market turmoil

London (AFP) - UK Prime Minister Liz Truss on Thursday defended her tax cutting policy after days of silence during which markets tanked and the Bank of England was forced into an emergency intervention.

AFP

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ABC News

Treasurer Jim Chalmers flags new budget strategy, but tax cap 'plucked from the air' can stay for now

The Albanese government's first federal budget will include a significant rewriting of official budget guidelines and will also see forecasts for unemployment revised as a "consequence" of a deteriorating global outlook, the treasurer has flagged.

Bristol Post

Liz Truss called out by Bristol radio presenter for giving 'scripted answers'

The Prime Minister hasn't been in the media since the government announced a series of tax cuts in its 'mini budget' on Friday

AFP

UK PM Truss defends 'controversial' tax cuts despite market turmoil

London (AFP) - UK Prime Minister Liz Truss on Thursday defended her tax cuts policy, despite it triggering market turmoil and forcing a Bank of England intervention to prevent "material risk" to the economy.

Daily Mirror

Tories threaten to cut benefits and the state to pay for tax cuts for the rich

As post-mini-Budget chaos engulfs Britain, Treasury minister Chris Philp refused to rule out a real-terms cut to DWP Universal Credit, asked for 'efficiency savings' and said 'I'm not going to apologise'

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Wales Online

Mini-budget to pile on debt interest, warns Tony Blair Institute

Kwasi Kwarteng’s growth plan included £45bn of tax cuts

The Independent UK

Chancellor’s mini-budget to pile on debt interest, warns Tony Blair Institute

It comes after days of market turmoil as traders swallowed the impact of the Chancellor’s growth plan, which included £45 billion of tax cuts.

Evening Standard

Treasury minister says ‘we’ll press ahead with tax cuts’ as Tory backlash grows amid market turmoil

Cabinet ministers ‘to be told to make efficiency savings’ amid growing Tory backlash over mini-Budget chaos

Wales Online

Government departments 'will be asked to make spending cuts to balance budget'

It comes after the markets went into turmoil following the Chancellor's £45 billion package of tax cuts

The National (Scotland)

Expert issues grave warning over Tory tax cut threat to devolution and Scotland's NHS

A TOP expert on devolution has issued a grave warning that the Tory government’s damaging tax cuts threaten the future of devolution and…

The Guardian - AU

Britain’s trickle-down budget idiocy offers a clear lesson for Australia on our stage 3 tax cuts

The stage 3 tax cuts were always the worst policy, but now they are being done at the worst time

The Conversation

Universal credit changes: increasing pressure on part-time workers is the wrong move at the worst time

Chancellor Kwasi Kwarteng has laid out the government’s “mini budget”, a package of tax cuts that will mostly benefit the wealthiest in Britain. But people on the other end of the income scale are facing changes too.

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