The Latest Breaking News from Tax Cuts

Energy bills, tax cuts and red tape top priorities in first days

Brexiter tells Guardian that new PM understands need for tax cuts and orthodoxy must be challenged to revitalise economy

Liz Truss will become Britain's next prime minister after winning a leadership race for the governing Conservative Party on Monday, vowing to press ahead with promised tax cuts and action to tackle a deepening energy and cost of living crisis. After weeks of an often bad-tempered and divisive leadership contest,…

Tax cuts and spending pledges could alarm global markets and trigger a 30% collapse in sterling, Deutsche Bank warns

Liz Truss will become the next prime minister after defeating Rishi Sunak in the Conservative Party leadership contest. Ms Truss, who was the favorite to win the contest, will succeed Boris Johnson and become the nation's third female leader. She secured just over 81,000 to Mr Sunak's just over 60,000.…

As Liz Truss grapples with the economic situation, planned measures may be postponed or cancelled, and others may be introduced, experts suggested.

Liz Truss may have won the battle to become Britain’s next prime minister, but don’t expect much time for her to settle into office. People’s living standards are predicted to fall by an unprecedented 10% over the next two years, driven by rising prices of energy and other goods.

The new prime minister faces a number of issues that require immediate attention, writes Kate Devlin

Record View writes Scots must brace themselves today for the most avowedly right-wing prime minister since Margaret Thatcher.

On cost of living crisis the likely new prime minister says ‘Britain has been through worse’

Former Tory chancellor warns they will add to inflation