The Latest Breaking News from Tax Cuts

Five days into the contest, the candidates to be the next Conservative prime minister have already offered £235 billion in tax cuts. None of them have begun to suggest how they would pay for them. Yet on they go, blithely playing to the gallery of Tory members, making promises that are…

Quizzed by the Mirror Labour's leader didn't rule out making - or keeping - tax cuts himself at the next general election - but he insisted they'd be fully funded if he did

There are mounting fears that the cost-of-living crisis could tip the UK into recession, as defined by two quarters in a row of falling output, as rocketing inflation sees households and businesses rein in spending...

Contest to succeed prime minister described by one Conservative politician as the ‘wacky races’

Veteran retailer among business leaders and Tory donors calling for a new prime minister to boost UK’s ailing economy

The flood of ministerial resignations from UK prime minister Boris Johnson’s government in recent days started with Rishi Sunak’s resignation as UK chancellor of the exchequer on July 5 2022, alongside health secretary Sajid Javid’s. His resignation letter cited differences of opinion over the economy, saying that a “low-tax, high-growth…

The pound began falling again on the foreign exchanges on Wednesday afternoon as the deepening political turmoil at Westminster unnerved investors.

There are mounting fears increased living costs could tip the UK into a recession.

COVID relief bill bans states from using the money to offset the cost of tax cuts so Republicans are suing