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The Latest Breaking News from Tax Cuts

Liz Truss: It’s tax cuts vs ‘Gordon Brown economics’

This Conservative leadership contest is getting weirder. It started out straightforwardly enough. Rishi Sunak was the MPs’ favourite (though at no stage did he command anything approaching majority support) with a pitch based on ‘sound money’ and tax cuts soon but not now.

Evening Standard

German FinMin pitches $10B tax cut plan to dampen inflation

Germany’s finance minister says the government plans to make tax cuts worth more than 10 billion euros ($10.2 billion) to benefit broad sections of the population squeezed by high energy costs and inflation

The Independent UK

Martin Lewis says government must double energy bill help for poorest

Consumer rights campaigner tells Tory contenders they need to tell public ‘the bare minimum’ of what they will do

The Guardian - UK

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Third of civil servants skipping meals to save money, survey finds

Union warns workers being ‘cast adrift’ as Tory leadership contenders haggle over tax cuts

The Independent UK

US tax bill costs corporations nearly $300 billion more, while middle class pays less

Corporations will pay nearly $296 billion more in U.S. federal taxes over the next decade, and middle-income households will see some tax cuts, under the tax-and-climate bill that is likely to become law in the coming days.

Tribune News Service

Liz Truss refuses to commit to more cost-of-living support if she becomes PM

The Tory leadership contender said tax cuts are her priority to kick-start the economy.

The Independent UK

Liz Truss doubles down on refusal to offer support over rising energy bills

Foreign secretary previously said she did not want to give ‘handouts’ to people struggling with cost of living

The Guardian - UK

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Tory frontrunner Truss refuses to offer ‘handouts’ to help with energy prices

Foreign secretary promises tax cuts ‘from day one’ if she becomes PM

The Independent UK

UK's Liz Truss still favours tax cuts over direct support on energy bills

Liz Truss, the frontrunner in the race to replace Boris Johnson as British Prime Minister, said on Tuesday she still favoured tax cuts to grow the economy instead of providing direct support to households facing unprecedented rises in energy bills.

Reuters

New Tory leadership warfare as Dominic Raab brands Liz Truss plans a 'suicide note'

The blue-on-blue attacks hit their lowest ebb yet as the Deputy Prime Minister, Dominic Raab, warned her tax cuts are 'bad politics' that 'could prove fatal'

Daily Mirror

Liz Truss plans could cost £50bn a year, and will ‘fail to help poorest cope’

Tory frontrunner says tax cuts and spending could cost £30bn, but analysis shows a much higher price

The Guardian - UK

Tax cuts won’t ‘fully solve’ cost of living crisis, admits top Liz Truss ally

Admission comes as Sunak says rival’s tax cuts won’t ‘won’t touch the sides’ for poorest families

The Independent UK

Sunak says Truss’s cost of living plan is ‘big bung’ to wealthy and large firms

Favouring tax cuts above support payments will leave those most in need out in cold, says ex-chancellor

The Guardian - UK

Sunak and Truss in new clash over cost-of-living crisis

Former chancellor said his rival’s plans for tax cuts are a ‘big bung’ for large businesses and the better off.

The Independent UK

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Bangkok Post

Bangkok Metropolitan Administration to levy land taxes in full

The Bangkok Metropolitan Administration (BMA) is planning to fully collect land and building taxes on land used for agricultural purposes after landlords and property owners allegedly exploited tax cuts to avoid higher taxes, a source said.

Reuters

UK's Liz Truss ready to speed up tax cut plan, newspaper says

Liz Truss, the front-runner to become Britain's next prime minister, plans to rush through tax cuts earlier than planned in an attempt to boost the country's flagging economy, the Sunday Telegraph reported.

The Guardian - UK

Public don’t want tax cuts Truss and Sunak are promising, poll reveals

As the Tory leadership hopefuls clash over when to reduce taxes, the public are more concerned with maintaining funding

Daily Mirror

Rishi Sunak brands Liz Truss 'wrong' to rule out more cost of living payments

It comes after leadership rival Liz Truss said she'd deal with the crisis with tax cuts, not "handouts"

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The Independent UK

Truss insists on tax cuts not ‘handouts’ to help families amid spiralling prices

The Tory leadership hopeful said her plans could avert a downturn.

The Guardian - UK

Liz Truss rejects ‘handouts’ as way to tackle cost of living crisis

Conservative leadership frontrunner insists on tax cuts despite claims they will fuel inflation

Evening Standard

Liz Truss promises tax cuts not ‘handouts’ to tackle cost-of-living crisis

The Foreign Secretary said she would help with spiralling energy bills this Winter in a ‘Conservative way’

The Independent UK

Truss promises tax cuts not ‘handouts’ to tackle cost-of-living crisis

The Foreign Secretary said she would do things in a ‘Conservative way’.

Daily Mirror

Next PM must find 'many more billions' in energy bill help - as hikes branded 'inhumane'

Institute for Fiscal Studies (IFS) chief Paul Johnson said it was a 'mystery' why Tory leadership hopefuls were obsessing over tax cuts when the country was heading into recession

Evening Standard

Emily Sheffield: Tories should delay voting until we get solutions to this crisis

This week Sajid Javid played another political blinder. He was the first to offer his resignation from Boris Johnson’s government, tipping Rishi Sunak into action, which in turn caused a resignation stampede. It is the former Chancellor who has taken the main brunt of accusations of disloyalty, but it was…

The Independent UK

Tax remains key divide as leadership campaigns respond to economic outlook

Liz Truss’s campaign has argued for implementing tax cuts quickly, while the Sunak campaign has warned against too much borrowing.

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