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The Latest Breaking News from Tax Cuts

Mini Budget 2022: How Kwasi Kwarteng's huge tax cuts will affect Scots as rich set to benefit

The Chancellor of the Exchequer announced huge tax cuts that will benefit the richest in society.

Daily Record

Kwasi Kwarteng to put mini-budget forward today - here's how to watch

KWASI Kwarteng is set to announce tens of billions of pounds of tax cuts and new spending in a mini budget on Friday morning.

The National (Scotland)

Mini-budget 2022: pound crashes as chancellor cuts stamp duty and top rate of income tax – as it happened

Tax cuts to cost Treasury around £37bn in 2023-24, official figures reveal

The Guardian - UK

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Pound plunges through $1.09 as former US Treasury secretary blasts ‘naive’ UK policies in mini-budget– as it happened

Sterling has tumbled by over three cents to 37-year low, and UK gilt yields are surging, after Kwasi Kwarteng announced huge unfunded tax cuts

The Guardian - UK

What time and when is Kwasi Kwarteng's mini-budget announcement this morning?

The government is believed to introduce a variety of tax cuts later on this morning

Manchester Evening News

Mini-budget latest LIVE: Kwasi Kwarteng scraps 45% top rate of income tax as Chancellor slashes stamp duty

The basic rate of income tax will be cut to 19p in the pound from April 2023 and the 45% higher rate will be ‘abolished’

Evening Standard

Friday briefing: What to expect from Kwasi Kwarteng today

In today’s newsletter: The newly appointed chancellor will deliver his first ‘fiscal event’ in Parliament today – but will it make a difference?

The Guardian - UK

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Five charts that will underpin chancellor’s mini-budget

From soaring inflation and gas prices to tax take and national debt, these are the trend lines that frame Kwasi Kwarteng’s calculations

The Guardian - UK

Mini-budget: Chancellor Kwasi Kwarteng set to reveal plans for ‘new era focused on growth’

Chancellor poised to confirm billions in spending and plans for tax cuts

Birmingham Post

From stamp duty to defence spending: what will Kwarteng’s mini-budget do?

Tax cuts and more borrowing are likely to feature on Friday as the chancellor gambles on growth

The Guardian - UK

Chancellor Kwasi Kwarteng to deliver biggest tax cuts since Nigel Lawson’s Budget 34 years ago, says IFS

The Institute for Fiscal Studies also warned the Government’s dash for growth may not deliver on anything like the scale hoped for

Evening Standard

UK’s mounting debts unsustainable if sweeping tax cuts go ahead, warns IFS

Concerns mount before mini-budget that precarious financial position will spark run on sterling

The Guardian - UK

Truss tax cuts will hand big banks and insurers £6.3bn, study says

Figures compiled by House of Commons Library measure impact of freezing corporation tax and cutting banking surcharge

The Guardian - UK

Liz Truss’s plans for tax cuts ‘a gamble at best’, says leading think tank

The Institute for Fiscal Studies said the new PM risks putting the public finances on an ‘unsustainable path’

Evening Standard

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The Independent UK

Liz Truss tells US corporate giants her tax cuts ‘just the start’, despite warnings of unsustainable debt

PM promises ‘lower, simpler taxes’ – despite new warning UK public finances on ‘unsustainable path’

The Independent UK

Truss tells bosses of American multinationals tax cuts are ‘just the start’

The Prime Minister told leaders of firms including Google and JPMorgan Chase she wants ‘lower, simpler taxes’ to attract businesses to Britain.

Evening Standard

What time will Kwasi Kwarteng announce mini-budget with £30bn in tax cuts on Friday?

The mini-budget is the first key example of strategy that the UK will see from Liz Truss and her government

The Guardian - UK

‘No way’ Truss’s policies are trickle-down economics, says minister

Foreign Office minister Gillian Keegan replies to Joe Biden pouring scorn on tax cuts for the rich and businesses

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The Guardian - UK

Liz Truss says any ‘sham referendums’ in Ukraine will not be recognised – UK politics as it happened

Prime minister says Putin’s calls for mobilisation ‘are a sure sign his barbaric invasion is failing’

Daily Mirror

Liz Truss 'plans to slash stamp duty' for Brits in tax cutting mini-Budget

The Prime Minister and new Chancellor Kwasi Kwarteng are preparing to announce a string of tax cuts in Friday's mini-Budget, which could reportedly include slashing stamp duty

The Guardian - UK

Liz Truss urges world leaders to follow UK with trickle down economics

Reports that stamp duty will be cut as PM uses speech to UN to argue for far-reaching tax reductions, putting her at odds with Joe Biden

Chicago Sun-Times

Expanded child tax credit reduced child poverty, so Congress must renew it

After the election, some politicians in Congress will try to pass tax credits for large corporations. It would be outrageous for Congress to pass tax cuts for the wealthy without expanding the CTC

The Guardian - UK

Liz Truss favours trickle down economics but results can be trickle up

UK PM is reviving the idea that cutting taxes for the better off ultimately benefits everyone. The IMF disagrees

Manchester Evening News

What Friday's 'mini budget' could mean for you as Liz Truss confirms tax cuts

Liz Truss' government are expected to make some major economic announcements at the end of the week

The Independent UK

Liz Truss and Joe Biden clash over economic policy ahead of US meeting

US president attacks ‘trickle down’ economics, as PM admits her tax cuts will benefit rich most

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Office for Budget Responsibility

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GfK

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Institute for Fiscal Studies

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CTC

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House of Commons Library

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Child Tax Credit

14 stories

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