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The Latest Breaking News from Tax Cuts

Former Treasury minister hits out at Liz Truss’s ‘endless crazy tax cuts’ and ‘laughable’ public sector U-turn

‘The optics of that: Dear, dear, dear,’ says Lord O’Neill

The Independent UK

Tory policy battle: What have Truss and Sunak pledged for the country?

Over the next few weeks it will be up to Conservative members to decide which of the two final candidates will take on the top job in No 10.

The Independent UK

Tax cuts: What have Rishi Sunak and Liz Truss promised?

The two Tory leadership hopefuls have very different views on what sort of tax policy the UK should be pursuing in the short-term, with Sunak suggesting that Truss' cut and borrow plan would be irresponsible

Wales Online

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Shapeshifting Sunak’s tax-cutting conversion risks overpromising

Former chancellor takes leaf out of rival Liz Truss’s book but his plans may be too good to be true

The Guardian - UK

Truss vs Sunak: Where do the Tory leadership contenders stand on policy?

Liz Truss and Rishi Sunak are seeking to woo voters set to decide which of the two will take over from Boris Johnson as head of the Tory party.

The Independent UK

Why Labor's new tax cut on electric vehicles won't help you buy one anytime soon

The Albanese government has introduced tax cuts to electric vehicles in its first sitting week, claiming the proposed changes would be “good for motorists, good for climate action and good for fleet purchases”. They won’t, however, help most Australians afford one.

The Conversation

Rishi Sunak says Truss’s tax-cutting plans will create ‘sugar rush boom’

Rishi Sunak said rival Liz Truss’s plans for vast tax cuts would “put fuel on the fire” of the inflation problem and create a “sugar rush boom”.Veteran political journalist Andrew Neil challenged the Tory leadership hopeful over his plans to tighten fiscal policy in a time when “the global economy…

Evening Standard

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Rishi Sunak says Liz Truss’s plans for £30billion of tax cuts will ‘put fuel on the fire’ of inflation and ‘erode people’s living standards’

The former chancellor warned that Ms Truss’ economic plan would spark interest rate rises and ‘erode people’s living standards’

Evening Standard

UK Rivals for PM Hold First Clash in Front of Tory Members

British Conservatives Rishi Sunak and Liz Truss Thursday underwent their first grilling in front of party members as they wage a bitter duel to succeed Prime Minister Boris Johnson. The hustings in Leeds, northern England, was the opening bout of 12 nationwide events as the grassroots members elect a new…

Asharq Al-Awsat

The difference between the Tory candidates’ tax plans? One is bad, the other is really bad

Neither has the first idea of what they’re doing. Truss’s proposal does little for those who need it, and Sunak’s is a desperate U-turn, says Larry Elliott, the Guardian’s economics editor

The Guardian - UK

I’ll make streets safe for women, vows Liz Truss

Exclusive: Foreign Secretary sets out her vision on crime as new war of words rages over tax cuts

Evening Standard

Rishi Sunak’s plan to cut VAT on energy bills a screeching U-turn, says Kwarteng

Business secretary, a supporter of Liz Truss, says former chancellor has ‘come late to the party’ on tax cuts

The Guardian - UK

Dems fail to reverse any Trump tax cuts

"Nobody should get a pass for it. It's nothing short of an embarrassment"

Salon

Scots could have £160 taken off winter fuel bills under plan to cut VAT

Tory contender Rishi Sunak has tried to gain ground on rival Liz Truss by promising to a temporary cut in VAT on fuel bills this winter.

Daily Record

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The Guardian - UK

Tory leadership race: Sunak’s proposed temporary VAT cut on fuel bills ‘wrong’ if allowed to become permanent, says IFS – as it happened

Latest updates: thinktank says plan would not help poorest least able to cope with rise in costs

The Independent UK

Sunak accused of ‘flip-flopping’ on tax after pledge to cut VAT on energy bills

The Tory leadership hopeful was accused of proposing an unfunded tax reduction after saying tax cuts were a fairy tale.

Evening Standard

Conservative leadership race: Rishi Sunak accused of ‘flip-flopping’ over tax cuts

Rishi Sunak was on Wednesday accused by a former Cabinet colleague of “flip flopping” over tax cuts, after he announced a pledge to slash VAT on domestic energy bills.

Daily Mirror

Rishi Sunak rushed to Kate McCann and held her hand after host fainted in TV debate

The TalkTV/Sun leadership clash was halted after host Kate McCann passed out while the Tory hopefuls were clashing over the NHS and tax cuts

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Reuters

Prime ministerial hopeful Sunak pitches UK energy bill tax cuts

Rishi Sunak, trailing in the race to become Britain's prime minister, pledged on Wednesday to temporarily scrap taxes on energy bills paid by households, part of a "winter plan" to ease the cost-of-living crisis.

The Independent UK

Sunak or Truss: What policies should we expect from our next prime minister?

Here are some of the policy pledges made by Rishi Sunak and Liz Truss during the Tory leadership contest.

Evening Standard

Conservative leadership race: Rishi Sunak accused of U-turn on tax cuts

The former chancellor unveiled a new ‘winter plan’ to tackle inflation and the cost-of-living crisis

The Independent UK

Sunak accused of U-turn after pledge to cut VAT on energy bills

Since the start of the contest, Mr Sunak has repeatedly accused Ms Truss of offering unfunded tax cuts.

The Guardian - UK

TV debate between Truss and Sunak cancelled after presenter faints

TalkTV show goes off air after Kate McCann’s collapse, cutting short a bitter clash over NHS and tax cuts

Evening Standard

High-octane Liz Truss is powered by self-belief. Don’t underestimate her

The greatest asset of politicians is not subtlety or skill but a sense of unstoppability. The day after the latest slugfest TV debate in the Tory leadership race, we can argue about whether Rishi Sunak’s immigrant opportunity story was better than Liz’s gritty northern empathy for underserved children in poor…

The Guardian - AU

‘Gloves are off’: what the papers say about the Tory leadership TV debate

Tax cuts and recession fears among the front page topics as the fight between Rishi Sunak and Liz Truss intensifies in first televised debate

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