The Latest Breaking News from Tax Cuts

Greater Manchester Mayor Andy Burnham contradicted Labour's position on income tax cuts, saying the 1p cut to the basic rate should not go ahead

Kwasi Kwarteng claimed his tax cuts “favour people right across the income scale” amid accusations they mainly help the rich, and he hinted more are on the way. The Chancellor defended his programme of tax cuts – the biggest for 50 years – which he announced on Friday using more…

Vote is there to be lost by Labour. How hard can it be to show party would do a better job on economy?

Labour says it would reinstate 45p tax rate

Chancellor says he and Liz Truss want to do what previous Tory governments deemed unthinkable

Labour has announced plans to end dependence on fossil fuels by 2030

Keir Starmer’s party would ‘clean up public life and restore the basic standards we expect’, deputy says

The £35billion package included the abolition of the top rate of income tax, a cut in the basic rate, a reduction in stamp duty, the cancellation of the National Insurance increase and the scrapping of the rise in corporation tax from 19pc to 25pc

Labour's leader said plans to save the richest £10k a year each are 'not trickle down, it's taking the p***' - as Liz Truss plots a wave of new tax cuts in the new year