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The Latest Breaking News from Tax Cuts

Scottish Tories face more disarray as tax cut row looms

DIVISIONS among Conservatives first brought to the fore by the Tory leadership contest have resurfaced as a result of the major tax cuts in Kwasi…

The National (Scotland)

Government dismisses criticism of tax cuts as ‘politics of envy’

It comes as Chancellor Kwasi Kwarteng unveiled the biggest programme of tax cuts for 50 years

Manchester Evening News

How homes in South will gain THREE TIMES as much as those in North from tax cuts

Chancellor Kwasi Kwarteng yesterday unveiled his mini-Budget which included tax cuts on Stamp Duty, which experts believe will only benefit those living in the South of Britain

Daily Mirror

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Government says tax cuts flack is 'politics of envy'

Labour accused PM Liz Truss and Chancellor Kwasi Kwarteng of dabbling in 'casino economics'

Wales Online

Have your say on paying higher taxes in Scotland than England

FOLLOWING Chancellor Kwasi Kwarteng’s announcement of the biggest tax cuts in decades for people in England, Scottish Tories are calling on the…

The National (Scotland)

Tories gambling with the finances of British people, says Starmer

Labour leader attacks ‘casino economics’ in wake of £45bn package of tax cuts announced by chancellor

The Guardian - UK

Minister brands concern over tax cuts for wealthiest 'the politics of envy'

A TOP Tory minister has described concerns over tax cuts benefitting the wealthy most as the "politics of envy".

The National (Scotland)

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Douglas Ross slated as he calls on Nicola Sturgeon to replicate Tory tax cuts

SCOTTISH Conservative leader Douglas Ross has been slated for demanding that Holyrood replicates the tax cuts announced by the UK Government on…

The National (Scotland)

'Richest 5 per cent to get richer while 95 per cent get poorer' under Tory plans

THE Tory government's huge package of personal tax cuts amid the cost-of-living crisis will do nothing to stop more than two million people falling…

The National (Scotland)

‘Only the very richest’ in Britain will see incomes grow, tax cut analysis says

Chancellor's huge package of personal tax cuts will do nothing to stop more than two million people falling below the poverty line, says think tank

Wales Online

Kwasi Kwarteng insists vast tax cuts ‘not a gamble’ amid hostile reception

Chancellor refutes Institute of Fiscal Studies claim that he is 'betting the house' by putting Government debt on an 'unsustainable rising path'

Wales Online

Chancellor says mini budget ‘is not a gamble’ as pound plunges

Kwarteng defends massive tax cuts and borrowing as spooked markets leave pound at new 37 year low

Evening Standard

Tax change calculator: See how your wage will be affected by the mini-budget

Millions of households are set to benefit from the tax cuts

Manchester Evening News

Kwarteng accused of reckless mini-budget for the rich as pound plummets

Strategy of sweeping tax cuts gets hostile reception from markets and economic thinktanks, leaving some Tory MPs aghast

The Guardian - UK

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Evening Standard

Former Conservative cabinet minister condemns tax cut for the rich as ‘wrong’

A former Conservative cabinet minister has called the government’s mini budget announcing tax cuts for the rich “wrong”.

The Guardian - UK

Half of Kwarteng’s cuts to personal tax will go to richest 5%, say experts

Thinktank says someone earning £1m will gain £40,000 as top rate, basic rate and national insurance reduced

Daily Record

The big gamble on tax cuts for the rich that could railroad the economy off the tracks

The Daily Record's Westminster Editor Torcuil Crichton analyses The scale and the brashness of the Tory tax-cutting budget is staggering and Scotland will not be protected from global forces that could be unleashed by massive Treasury borrowing.

The Conversation

Mini budget: will Kwasi Kwarteng's plan deliver growth?

The UK economy has been dogged by slow growth for a long time. Combined with even slower growth in productivity, it has meant virtually no increase in living standards for the average family over the past decade.

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news in one place.

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The Guardian - UK

Tory backbenchers despair at ‘toxic’ mini-budget

Divisions of leadership contest return to the fore as some MPs criticise extra borrowing to pay for tax cuts

Daily Mirror

All the ways mini-Budget hands thousands to the rich - and pennies to the poor

This is a Budget for the rich - with £1m earners getting £55,000 while £25k earners get £283. We take you through all the ways the Income Tax, National Insurance, Stamp Duty and other tax cuts help the better-off

Chronicle Live

Martin Lewis brands Tories’ mini-budget announcements ‘staggering’ as he reacts to tax cuts

The Chancellor announced cuts to Income Tax, National Insurance and stamp duty in a series of new measures

Bangkok Post

Pound sinks in reaction to huge UK stimulus

LONDON: The British pound plunged to a 37-year low and stocks sank after the government delivered the most sweeping tax cuts since 1972, as economists warned that the ambitious plan was unsustainable at a time when inflation is rampant.

Evening Standard

Kwasi Kwarteng: Budget in full

Kwasi Kwarteng has unveiled a mini-budget that delivers billions of pound worth of tax cuts - including a surprise move to scrap the 45% top rate of income tax paid by the UK’s wealthiest. The Chancellor announced sweeping moves intended to rev up the economy in the eagerly-awaited “fiscal event”…

The Conversation

Mini budget 2022: experts react to the new UK government's spending and tax-cut plans

UK chancellor Kwasi Kwarteng has just launched the biggest package of tax cuts in half a century. This will involve around £45bn of reductions for people and businesses by 2027 – 50% more than anticipated before the mini-budget announcement.

Daily Mirror

11 nasty details in the small print of 'Robin Hood in reverse' mini-Budget

Tax cuts for the rich, no limits on bankers bonuses and tougher benefit sanctions - funded by a £70billion Government borrowing spree. We've trawled through the documents to find all the unfortunate details in Kwasi Kwarteng's mini-Budget

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