The Latest Breaking News from Tax Cuts

Rishi Sunak said rival Liz Truss’s plans for vast tax cuts would “put fuel on the fire” of the inflation problem and create a “sugar rush boom”.Veteran political journalist Andrew Neil challenged the Tory leadership hopeful over his plans to tighten fiscal policy in a time when “the global economy…

The former chancellor warned that Ms Truss’ economic plan would spark interest rate rises and ‘erode people’s living standards’

British Conservatives Rishi Sunak and Liz Truss Thursday underwent their first grilling in front of party members as they wage a bitter duel to succeed Prime Minister Boris Johnson. The hustings in Leeds, northern England, was the opening bout of 12 nationwide events as the grassroots members elect a new…

Neither has the first idea of what they’re doing. Truss’s proposal does little for those who need it, and Sunak’s is a desperate U-turn, says Larry Elliott, the Guardian’s economics editor

Exclusive: Foreign Secretary sets out her vision on crime as new war of words rages over tax cuts

Business secretary, a supporter of Liz Truss, says former chancellor has ‘come late to the party’ on tax cuts

"Nobody should get a pass for it. It's nothing short of an embarrassment"

Tory contender Rishi Sunak has tried to gain ground on rival Liz Truss by promising to a temporary cut in VAT on fuel bills this winter.

Latest updates: thinktank says plan would not help poorest least able to cope with rise in costs

The Tory leadership hopeful was accused of proposing an unfunded tax reduction after saying tax cuts were a fairy tale.

Rishi Sunak was on Wednesday accused by a former Cabinet colleague of “flip flopping” over tax cuts, after he announced a pledge to slash VAT on domestic energy bills.