The Latest Breaking News from Tax Cuts

Veteran retailer among business leaders and Tory donors calling for a new prime minister to boost UK’s ailing economy

The flood of ministerial resignations from UK prime minister Boris Johnson’s government in recent days started with Rishi Sunak’s resignation as UK chancellor of the exchequer on July 5 2022, alongside health secretary Sajid Javid’s. His resignation letter cited differences of opinion over the economy, saying that a “low-tax, high-growth…

Lord Bilimoria said "now is the time" for the Government to cut taxes to generate investment

Eight weeks after his re-election as French president, Emmanuel Macron has lost the parliamentary majority he needed to push through promised tax cuts and pension reforms. Several ministers lost their seats. The left-wing coalition led by Jean-Luc Mélenchon will form the main opposition bloc in the National Assembly, followed by…

The London Chamber of Commerce and Industry is demanding action from the Government to protect its members

Rishi Sunak and Michael Gove appeared to indicate that fellow Conservative MPs pushing for tax cuts would have to wait as such measures could fuel runaway inflation

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.

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

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