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The Latest Breaking News from Tax Cuts

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

The Guardian - AU

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

Daily Mirror

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

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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.

Evening Standard

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.

Reuters

Kwasi Kwarteng mulls more beneficial tax cuts for high earners

Reports chancellor is considering further changes to taxation after mini-budget ‘for the rich’

The Guardian - UK

Andy Burnham blasts Tory mini-budget a ‘flagrant act of vandalism'

Speaking to Sky News’s Sophy Ridge On Sunday programme, Burnham said: “I would have said this wasn’t a time for tax cuts.”

Manchester Evening News

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Truss’s go-for-broke gamble means Labour inherits economic mess if it wins election

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

The Guardian - UK

Kwarteng hints at more tax cuts to come as he rules out government borrowing limit

Labour says it would reinstate 45p tax rate

The Independent UK

Kwarteng: UK economy must expect more tax cuts and deregulation

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

The Guardian - UK

Keir Starmer calls trickle-down economics a ‘piss take’ as he slams Tory tax cuts

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

The Independent UK

Labour Party conference 2022 – live: ‘Tory sleaze festering’ under Truss, says Rayner

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

The Independent UK

Liz Truss kissing goodbye to Red Wall with tax cuts, MPs fear

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

Evening Standard

Keir Starmer blasts 'p***take' Budget as Andy Burnham calls it 'vandalism on UK'

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

Daily Mirror

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The Guardian - UK

The Tories’ huge gamble offers a fabulous opportunity Keir Starmer’s party must seize

Labour has a better plan for growth than Kwasi Kwarteng’s sugar-rush of tax cuts. Now it needs to pitch it to voters

Evening Standard

Truss vows to usher in a ‘decade of dynamism’ in hint at more tax cuts

The Prime Minister and Chancellor Kwasi Kwarteng defended their controversial raft of tax cuts amid accusations they mainly benefit the rich.

The Guardian - UK

The Observer view on Liz Truss’s disastrous ‘fiscal event’

This was a brazen gamble that can only damage Britain’s future

Wales Online

Truss vows ‘decade of dynamism’ in hint at more tax cuts

The Government's £45 billion tax-slashing package was met with some concern from leading economists

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news in one place.

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The Guardian - UK

Keir Starmer unveils green growth plan to counter Liz Truss’s tax cuts

Labour pledges a revolution in green energy to ‘boost jobs and slash emissions

The Guardian - UK

Birmingham broods over Tory treachery as Conservative party conference looms

Tax cuts for the rich have not gone down well in Ladywood, the city constituency due to host the Conservatives’ annual gathering

Chronicle Live

How homes in the South will gain three times as much than the North after UK tax cuts

Chancellor Kwasi Kwarteng unveiled his mini-Budget on Friday - in which he addressed tax cuts on Stamp Duty, which experts believe will only benefit those living in the South of the United Kingdom

Manchester Evening News

Liz Truss hits out after critics slam tax cuts as 'for the rich' and pound plummets to 37-year low

Labour has described the Government's plans as 'casino economics'

The Guardian - UK

Red wall seats are being put at risk by ‘cavalier’ tax cuts, Liz Truss warned

Tories are nervous of the ‘song and dance’ about doing more for high earners and the shift away from levelling-up

Manchester Evening News

'Make the rich richer and do nothing for working people': Keir Starmer says Tories are gambling with people's money

Labour leader has attacked the Government wake of £45bn package of tax cuts

Benzinga

What Historic UK Tax Cuts Mean For The Markets: 'Material Increase In Risks'

The iShares MSCI United Kingdom ETF (NYSE: EWU) plummeted 5.3% on Friday after investors were not impressed by an aggressive series of tax cuts unveiled by the new U.K. government.

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