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The Latest Breaking News from Tax Cuts

No surplus in sight as New Zealand outlook worsens

New Zealand Finance Minister Nicola Willis has pledged to deliver income tax cuts in the May 30 budget even as the government books worsen.

AAP

PM says minimum wage workers 'should not fall behind'

Lowest-paid workers should not be going backwards and worker pay rises are not at odds with moderating inflation, the prime minister says.

AAP

The Observer view on deprivation: poverty data is a mark of shame for Tory rule

Prioritising tax cuts for the better off while letting children bear the brunt of financial hardship is not only cruel, it makes no financial sense

The Guardian - UK

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Austerity doesn’t just damage public services, it destroys faith in the future

Britain can’t afford the tax cuts announced in the budget

The Guardian - UK

Trump Suggests Tax Cuts To Offset Tariff Impact

President Trump addresses concerns about tariffs and suggests using tax cuts to offset negative impacts. Debate over tariffs and trade policy continues ami...

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Labour steps up preparations to govern as Reeves attacks ‘unfunded’ Tory tax cuts

Shadow cabinet talk with Whitehall officials after Keir Starmer meets head of civil service

The Guardian - UK

How a Conservative budget failed to help women (again)

A single man would gain £346 from tax cuts, compared with £279 for a woman and just £85 for the typical lone mother

The Guardian - UK

UK ‘fiscally offside’ by up to £60bn, Citi fears; house prices rise again – as it happened

Rolling coverage of the latest economic and financial news, as economist warns OBR productivity forecasts are much too optimistic

The Guardian - UK

Budget 2024: UK taxes head for highest level since 1948 despite Hunt’s NI cut

Borrowing and stealth taxes fund £14bn giveaway, but public spending squeeze looms after election

The Guardian - UK

Chancellor to raise UK government borrowing to fund budget measures – OBR

Office for Budget Responsibility says national insurance and tax cuts will be paid for by average £8bn-a-year borrowing to 2028-29

The Guardian - UK

Jeremy Hunt’s last budget before an election – but not his last roll of the dice

These latest tax cuts were not the gamechanger the Tories need before the election

The Guardian - UK

Sunak and Hunt’s last stand? Our panel responds to the Tories’ spring budget

Will the tax cuts at the heart of the chancellor’s make-or-break budget give his party any hope?

The Guardian - UK

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Salon

Trump's big con is a flop

Trump's only legislative accomplishment was a massive tax cut for the rich — and the results are now in

Top News

British Treasury Announces Tax Cuts Amid Election Pressure

British Treasury chief Jeremy Hunt plans tax cuts to boost Conservative Party's popularity before general election amidst economic challenges.

The Guardian - UK

Budget 2024 live: Jeremy Hunt cuts national insurance, abolishes non-dom status and raises child benefit threshold – as it happened

NI cut of 2p announced, along with new tax on vapes, end of tax relief for holiday lettings and more cash for NHS IT system

Al Jazeera

Can Jeremy Hunt’s spring budget revive Britain’s Tories?

Will the chancellor offer tax cuts in a bid to win votes or steer clear of any bold moves with potential to backfire?

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International Business Times

Britain Set For Tax-cutting Budget Before Election

Britain's Conservative government is on Wednesday expected to use a budget update to unveil tax cuts for millions of workers, in an attempt to woo voters before a general election.

The Guardian - UK

Even Tory voters won’t be fooled by the tax cuts in Jeremy Hunt’s fairytale budget

The public would rather the chancellor prioritised spending on threadbare public services over tax giveaways, says Guardian columnist Rafael Behr

The Guardian - UK

Budget in five charts: what will underpin Jeremy Hunt’s statement?

Falling inflation and so-called fiscal headroom will guide a chancellor keen to heed calls from Tories for tax cuts

The Guardian - UK

Jeremy Hunt defies public services alarm with pre-election budget tax cuts

Chancellor set to cut 2p off national insurance but some Tories say more is needed to bolster election chances

Evening Standard

OPINION - Tax cuts in the Budget are a gamble — but what else has Jeremy Hunt got in his locker?

Budgets resemble the old French saying about taxation — the aim is to produce the maximum amount of fiscal feathers from the goose with the minimum amount of hissing. However, hissing is what a disgruntled and reactive Conservative party does best right now and the public-finance goose is a skinny,…

The Guardian - UK

What are the UK’s ‘fiscal rules’ and why is the OBR under attack?

The Treasury watchdog is seen by some Tories as a block to tax cuts – and could be ignored by Jeremy Hunt

The Guardian - UK

UK spends least among major European economies on low-carbon energy policy, study shows

Britain spent about £26.2bn in three years on low-carbon measures, less than Italy, Germany, France and Spain, Greenpeace finds

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