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The Latest Breaking News from Tax Cuts

Liz Truss’s tax and spending plans sow consternation among economists

Analysis: experts are lining up to warn that her policies will increase inflation and leave the UK with higher debt

The Guardian - UK

Tory leadership: Liz Truss’s tax cuts will damage public services and bust Treasury rules, economists warn

Race favourite’s economic credibility under fire – as she appears to be coasting to victory in vote by Tory members

The Independent UK

Tory leadership - live: Liz Truss opens up huge lead over Rishi Sunak in latest poll

A total of 62 per cent of surveyed Tory members said they’d vote for the foreign secretary to be PM

The Independent UK

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Liz Truss defends £30bn tax cuts as ‘affordable’ in bid for No 10

Rival Rishi Sunak was understood not to be forecasting tax cuts until at least autumn next year.

The Independent UK

Analysis-Race for Downing Street drives tax policy split into UK Conservatives

Differences over how to revive Britain's slow-growth, high-inflation economy could hardly be starker within the ruling Conservative Party as the two remaining contenders to become its new leader, and thereby prime minister, clash over tax.

Reuters

Liz Truss tax cuts policy ‘ridiculous’ and risks 1970s-style inflation, economists warn

Experts reject Tory candidate’s claim tax cuts ‘will decrease inflation’ – and warn of austerity era ahead

The Independent UK

Sunak would not cut taxes before autumn 2023, in clear divide with Truss

Former chancellor would delay cuts until inflation under control, while rival has pledged immediate cuts

The Guardian - UK

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Conservative leadership latest: Liz Truss and Rishi Sunak clash as real race begins

Truss pledges action on cost of living while Sunak vows to govern like Margaret Thatcher

Evening Standard

Liz Truss vows to ‘bulldoze through’ policies needed to save Britain from recession

The Foreign Secretary denied her proposed tax cuts of around £30 billion would worsen the cost-of-living crisis by fuelling inflation

Evening Standard

Soaring inflation pushes interest payments on UK debt to record high in June

Potential for future tax cuts narrows with budget deficit on course to top £100bn this year

The Guardian - UK

Tory leadership race: Rishi Sunak calls himself ‘common sense’ Thatcherite – as it happened

Former chancellor says UK ‘needs to control borders’ and again references Margaret Thatcher

The Guardian - UK

Liz Truss breaks cover in eyebrow-raising interview as savage Tory blue-on-blue begins

The Foreign Secretary defended 'fantastic' Boris Johnson, admitted she has £30bn a year of unfunded tax cuts and drew battle lines with Rishi Sunak as she finally agreed to a broadcast interview - only after making the final two

Daily Mirror

Liz Truss claims tax cuts will not affect inflation as she battles Rishi Sunak over Thatcher legacy

Both candidates for the Tory leadership have attempted to cloak themselves in a Thatcherite mantle as promises of tax cuts become the dividing line in the six week campaign.

Daily Record

Boris Johnson attacks Rishi Sunak as he uses final PMQs to back Liz Truss on tax cuts

The Prime Minister had a final dig at the former chancellor during his final despatch box appearance in the Commons.

Daily Record

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The Independent UK

What do the two candidates to be the next prime minister say on policy?

Rishi Sunak and Liz Truss are going head-to-head to replace Boris Johnson.

The Independent UK

Inflation expected to have soared even higher in June as cost crisis ramps up

Economists are forecasting the latest figures from the Office for National Statistics will show Consumer Prices Index (CPI) inflation rose in June.

The Guardian - UK

Tory candidates’ tax cuts: a boost for the wealthy, and a drag for the rest of us

Inconveniently, there’s little evidence that the only thing standing between the UK and a thriving economic future is slashing taxes on corporate profits, says Carys Roberts, executive director of the Institute for Public Policy Research

The Independent UK

Tory leadership: All the MPs still in the race to replace Boris Johnson as leader

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

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The Guardian - UK

Tory leadership field to be cut to four as IMF warns against tax cuts

Tom Tugendhat most likely to be eliminated after bruising ITV debate marked by Sunak and Truss clashes

The Independent UK

Labour accuses Tory contenders of abandoning ‘levelling up’ agenda

Shadow levelling up secretary Lisa Nandy will say promises made by Boris Johnson are being forgotten in the race to offer tax cuts.

Daily Mirror

Brutal moment NONE of Tory leadership candidates say they'd put Boris Johnson in Cabinet

The remaining five Tory leadership candidates were clashing tonight in an ITV debate after they took swipes at each other over Brexit, tax cuts and trans rights

The Guardian - UK

‘Arms race’ over tax cuts shows Tory leadership candidates want a reset

Analysis: Contenders hope to reverse Johnson’s high-tax, high-spending policies but are vague about how they will protect services

Daily Mirror

Tory candidates challenged to 'come clean' on impact of their tax slashing plans

Frontrunners in the race to replace Boris Johnson are competing for the most outlandish tax slashing promises to woo Tory members

The Independent UK

Rishi Sunak: I’ll deliver tax cuts after getting grip on inflation

Former chancellor says curbing spiralling prices is ‘number one economic priority’

Evening Standard

Conservative leadership race latest: Rishi Sunak tops latest poll after pledging to maximise Brexit

Two further TV debates will take place on Sunday and Tuesday

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