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The Latest Breaking News from Tax Cuts

Analysis-Brazil likely to waive over $20 billion in tax revenue as Bolsonaro tries to spur economy

Tax cuts are likely to cost over 110 billion reais ($21.5 billion) in Brazilian tax revenue this year, as President Jair Bolsonaro tries to ease inflation and spur the economy in an election year despite economists' warnings of blowback in 2023.

Reuters

Boris Johnson suggests no tax cuts until ‘spiralling’ inflation under control

‘We can’t do anything that inflames that further,’ No 10 source says

The Independent UK

Boris Johnson signals no cuts in taxes as inflation soars and UK economy shrinks again

The latest figures from the Office for National Statistics heighten fears that Britain is heading for a recession.

Daily Record

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Boris Johnson signals personal tax cuts won’t be put ahead of cost-of living support

Mr Johnson said the Government’s current focus was trying to help millions of households cope with the ‘inflationary spike that we need to get through right now’

Evening Standard

Second Cabinet minister backs earlier tax cut ‘when we can afford it’

Northern Ireland Secretary Brandon Lewis said the move should be fast-tracked if circumstances allow.

The Independent UK

Boris Johnson wants tax cuts – but can he deliver them in time?

PM must act quickly as economy and household finances worsen, but Treasury is not sympathetic

The Guardian - UK

Taxes will definitely be cut, says Michael Gove as Tory MPs press Boris Johnson to act

The Levelling-Up Secretary made the unequivocal commitment as some Conservative MPs are calling for lower taxes soon

Evening Standard

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A smart cabinet would be plotting to get rid of Johnson. This one is neither smart nor brave

The PM has picked ministers who owe him everything and do his bidding. They have a duty to the country but are shirking it, says Guardian columnist Martin Kettle

The Guardian - UK

7 ways Tory rebels can't agree what they want - and that's bad for Boris Johnson

Boris Johnson will be relieved the 148 Tories who voted no confidence in him aren't all plotting as one group. But the fact they can't agree means he can't please them all at once - and a solution for one group will only enrage another

Daily Mirror

Sajid Javid joins calls for tax cuts after revolt against Boris Johnson

Health secretary says Tory rebels should not seek rule change to allow another confidence vote against prime minister

The Guardian - UK

Senior Tory MPs renew calls to Boris Johnson for urgent tax cuts

High-profile MPs back demand from Adam Smith Institute to reduce tax burden and ease cost of living crisis

The Guardian - UK

Johnson hints at tax cuts and warns against infighting as Tories decide his fate

Tory MPs are taking part in a confidence vote on Boris Johnson’s leadership as he battles to save his position.

The Independent UK

‘I’d do it again’ Boris Johnson says as he pledges tax cuts to Tory MPs

Also promised he would lead party to victory at the next general election

The Independent UK

China pledges support for ailing economy, analysts doubt impact

Beijing says it will roll out additional tax cuts and postpone social security payments for firms to support growth.

Al Jazeera

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The Hindu

Many States reluctant to cut fuel tax

They call for further cuts in Union taxes; Maharashtra bites fuel tax bullet

Reason

Ninth Circuit Concludes Arizona Has Standing to Challenge Conditions on COVID Relief Funds

Language in the American Rescue Plan Act prohibits states from using the funds "directly or indirectly" to offset lost revenues from tax cuts.

Daily Mirror

7 plans Rishi Sunak may have for your wallet after fury at cost of living 'dithering'

A business chief blasted 'what are we waiting for?' after Chancellor Rishi Sunak said 'the next few months will be tough' at a CBI dinner - and sources briefed out a flurry of unconfirmed tax changes

The National (Scotland)

Rishi Sunak to announce tax cuts for big businesses as families hammered by soaring bills

THE Chancellor has announced tax cuts for some of the richest in society while failing to tackle the cost-of-living crisis.

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The Guardian - UK

Boris Johnson ‘choosing to let people struggle’ with cost of living says Keir Starmer – as it happened

Latest updates: Labour leader says prime minister ‘does not get it’ and says government delays are making problems worse

Wales Online

Boris Johnson to axe 90,000 civil service jobs to free cash for tax cuts

The move would reduce Government office staff by 20%

Evening Standard

Jacob Rees-Mogg defends plan to cut 90,000 civil servant jobs

The Prime Minister hinted the money saved by cutting the Civil Service by a fifth could be used for tax cuts

The Independent UK

Boris Johnson plans to cut 90,000 civil service jobs to help fund tax cuts

Move to slim down workforce comes during pressure on ministers to act over the cost of living crisis

The Independent UK

Cost-of-living crisis: Boris Johnson wants to cut 90,000 civil servants

The Prime Minister hinted the money saved by cutting the Civil Service by a fifth could be used for tax cuts.

The Guardian - UK

Boris Johnson’s hints about tax cuts played down by Treasury

Apparent disharmony between PM and chancellor on cost of living crisis fuels reshuffle speculation

Daily Mirror

'Labour's Keir Starmer is on the money in bid to ease cost of living crisis'

Labour’s windfall tax on unearned bonanzas for energy producers and tax cuts would ease some of the pain, writes the Voice of the Mirror

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