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The Latest Breaking News from Tax Cuts

Kami-Kwazi bets big while hedge funds short the pound

City Comment: The tax cuts might work. Maybe.

Evening Standard

Liz Truss: Tory MPs sending no-confidence letters over fears she will ‘crash the economy’, says ex-minister

‘Liz is f*****’, says former minister in Boris Johnson government

The Independent UK

Pound hits all-time low in backlash at Kwasi Kwarteng’s tax cuts

Pound crashes to its lowest level against the dollar since 1971

Evening Standard

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Gary Neville calls on Liz Truss to 'head the ball in the net' over football shake-up

The former footballer, who has been scathing about the Tory government's tax cuts for the rich, called on the government not to drag its heels over fair distribution of cash

Daily Mirror

Tory tax cuts leave UK economy in a 'very dangerous place', warns John Swinney

The SNP finance secretary said no decision had been made on whether the Scottish Government would replicate any of the tax cuts announced in Westminster last week.

Daily Record

UPDATE: Mini-budget 'would be wrong to follow' - Sturgeon

First Minister's comments follow her deputy stating that a Scottish Government response would be base around fairness

Insider UK

John Swinney: Scottish Government to 'reflect carefully' on Chancellor's tax cuts

John Swinney said the Chancellor's tax cuts will have "significant" consequences

The National (Scotland)

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Gary Neville says Liz Truss is ‘taking the Mickey’ over tax cuts for rich

Former England international to join Sir Keir Starmer at Labour Party conference

The Independent UK

Holidays, spending and benefits? What the pound hitting a record low means for Britons

Sterling plunged to a record low just days after Kwasi Kwarteng's mini-budget was set out

Manchester Evening News

John Swinney: Scottish Government to reflect fairly on UK tax cuts

The Deputy First Minister told BBC Radio’s Good Morning Scotland the UK economy is in a ‘very dangerous place’ after the plans were announced.

The Independent UK

GMB's Susanna Reid grills Tory MP on tax cuts for the wealthy in heated exchange

Good Morning Britain’s Susanna Reid and co-host Ed Balls spoke with Conservative MP Chloe Smith on the ITV programme

Daily Mirror

Pound’s plummet underlines schoolboy error by Kwasi Kwarteng

Chancellor added to market worries by pledging further tax cuts in full budget planned for later this year

The Guardian - UK

Pound hits all-time low as fallout from Kwasi Kwarteng's 'mini-budget' continues

The Chancellor has hinted at more tax cuts to come

Manchester Evening News

Pound hits all-time low against dollar and is now worth just $1.03 after Mini-Budget

The pound plunged to a record $1.03 low against the US dollar this morning as international markets continued to reject Kwasi Kwarteng's tax-cutting Mini-Budget

Daily Mirror

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The Guardian - UK

Sterling slides back towards record low as Bank of England and Treasury fail to reassure markets – as it happened

Bank of England says it ‘will not hesitate’ to change interest rate but appears to be trying to squash expectations of an emergency rise

Evening Standard

Pound sinks to record low against dollar as Kwasi Kwarteng hints further tax cuts on way

The Chancellor has previously brushed off questions about the markets’ reaction to his mini-budget

Wales Online

Pound falls to all-time low as Kwasi Kwarteng hints further tax cuts on way

Despite criticism over the abolition of the top rate of tax, Mr Kwarteng insists he is 'focused on tax cuts across the board'

Liverpool Echo

Gary Neville blasts 'immoral' tax cuts for rich ahead of conference speech

The ex-footballer and TV pundit is due to make a star appearance at the Labour party conference on Monday

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Irish Mirror

Gary Neville says Truss is 'taking Mickey out of us' with 'immoral' tax cuts for rich

The former England international accused Liz Truss of “taking the absolute Mickey out of us” by helping the well-off as ordinary families find it difficult to make ends meet

The Independent UK

Starmer resisting pressure from inside own party over reversal of tax cuts

Labour leader dramatically vows to restore 45p income tax for richest - but backs Tory cut to basic rate

The Guardian - AU

Analysis shows federal politicians will pocket more than $18m over 10 years from stage three tax cuts

Parliamentarians, on base salaries of at least $211,250, will receive average cut of $10,000 in first year according to modelling

Daily Mirror

Andy Burnham at odds with Labour leader Keir Starmer over Tory income 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

Evening Standard

Kwasi Kwarteng: Tax changes favour people right across the income scale

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…

Evening Standard

Watch: Kwasi Kwarteng hints more tax cuts are on the way

Kwasi Kwarteng claimed his tax cuts “favour people right across the income scale” amid accusations they mainly help the rich, and hinted more are on the way.

Reuters

Britain's Labour pitches itself against tax cuts for the wealthy

Keir Starmer, leader of Britain's Labour Party, on Sunday pledged to reverse the abolition of the top rate of income tax, saying tax cuts for the wealthy wouldn't create economic growth as he made a pitch for power at his party's annual conference.

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