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The Latest Breaking News from Tax Cuts

Ex-finance minister Sunak vows to tackle inflation in pitch to be UK PM

Former finance minister Rishi Sunak will set out his stall to be Britain's next prime minister on Tuesday, vowing to tackle soaring inflation before joining his Conservative Party rivals in promising tax cuts.

Reuters

Tory leadership contest rules revealed as Rishi Sunak to launch campaign to replace Boris Johnson

A candidate will need the support of 20 MPs - potentially making it harder for some of the less well-known contenders to make it onto the ballot paper

Evening Standard

Sunak will vow to tackle inflation and then lower taxes if he becomes PM

Ex-chancellor to kick off his Tory leadership campaign as speculation grows over who could back him

The Guardian - UK

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Tories row over ‘fantasy tax cuts’, as Javid strikes out at ‘poisonous’ battle

Conservatives vying to replace Boris Johnson have engaged in a bidding war of proposals to win support.

The Independent UK

Tax cuts! Tax cuts! Tax cuts! Welcome to Johnsonism without Johnson

If nothing else, this leadership contest is proving the ‘Boris Johnson as a Brexity Hezza’ [Michael Heseltine] motif was largely correct, even if the glaring internal contradiction meant it would struggle to produce a coherent policy platform.

Evening Standard

Tory chancers are turning the leadership contest into a wild battle of extremists

Would-be leaders are trying to woo party members with a dangerous mix of fantasy policies and wild tax cuts, says Guardian columnist Polly Toynbee

The Guardian - UK

Tory contenders to succeed Boris Johnson warned against ‘unfunded tax cuts’

The hopefuls to be next prime minister appeared to be in a bidding war as they tried to win the backing of Conservative MPs.

The Independent UK

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Zahawi pledges more tax cuts despite warning Tory hopefuls risk fuelling inflation

Lord Lamont criticised Conservative leadership candidates

The Independent UK

Tory leadership candidates to face each other during live TV debates

Nearly all candidates to replace Boris Johnson have pledged massive tax cuts as soon as they get into office.

Daily Record

Tax cuts promised by Tory leadership hopefuls are 'not serious', say experts

EXPERTS have claimed large tax cuts being promised by Conservative leadership candidates are "not serious".

The National (Scotland)

Tax cut pledges of Tory leadership candidates are ‘not serious’, say experts

Almost all the candidates have promised large tax cuts, but experts say the trade-offs are likely to be too high.

The Independent UK

Analysis-Tax-cut talk in UK leadership race adds to inflation angst

Promises of tax cuts from candidates to succeed British Prime Minister Boris Johnson pose another inflationary risk which could pressure the Bank of England to raise interest rates more aggressively, cancelling out any potential boost to the economy.

Reuters

Liz Truss registered leadership website month ago - two days after Boris Johnson confidence vote

Foreign secretary is running on a platform of tax cuts

The Independent UK

We now have clear proof that this Tory party is intellectually exhausted

Five days into the contest, the candidates to be the next Conservative prime minister have already offered £235 billion in tax cuts. None of them have begun to suggest how they would pay for them. Yet on they go, blithely playing to the gallery of Tory members, making promises that are…

Evening Standard

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Daily Mirror

Keir Starmer blasts Tories' 'magic money tree' tax cuts that are 'from the moon'

Quizzed by the Mirror Labour's leader didn't rule out making - or keeping - tax cuts himself at the next general election - but he insisted they'd be fully funded if he did

The National (Scotland)

Liz Truss enters Tory leadership race with pledge to cut taxes from 'day one'

FOREIGN Secretary Liz Truss has formally launched her campaign to replace Boris Johnson, as rivals squabbled over promises of “fantasy tax cuts”.

Daily Mirror

Nadhim Zahawi threatens 20% cuts to NHS and education in wave of Tory leadership austerity

The multi-millionaire Chancellor said it would fund tax cuts - but Labour said he had exposed the cost of Tory tax jostling will be 'dramatic cuts to the NHS, policing and schools'

The Guardian - UK

The Guardian view on Tory supply-siders: unhelpful in a cost of living crisis

Editorial: Imaginative public spending is unlikely to feature in the Conservative leadership race, where tax cuts will be a key dividing line

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The Guardian - UK

What cost of living crisis? Tory hopefuls’ fuss over tax cuts is devoid of reality

Candidates’ focus on reducing tax would throw petrol on the inflationary fire and turbocharge inequality

Daily Mirror

Bitter Tory economy row with nine PM contenders split over tax cuts - what each will do

There are mounting fears that the cost-of-living crisis could tip the UK into recession, as defined by two quarters in a row of falling output, as rocketing inflation sees households and businesses rein in spending...

The Independent UK

Tory leadership: All the MPs in the race to replace Boris Johnson as leader so far - OLD

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

The Guardian - UK

Stuart Rose says business needs quick successor to ‘lame duck’ PM Johnson

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

The Conversation

Inflation, recession fears and tax cuts: any new UK chancellor faces an unenviable in-tray

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…

Evening Standard

Pound falls as Boris Johnson battles to stay in No10 with new Chancellor dangling more tax cuts

The pound began falling again on the foreign exchanges on Wednesday afternoon as the deepening political turmoil at Westminster unnerved investors.

The Independent UK

New Chancellor Nadhim Zahawi must battle rising prices and calls for tax cuts

There are mounting fears increased living costs could tip the UK into a recession.

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