The Latest Breaking News from Tax Cuts

"States’ rainy day funds have never been better stocked."

Chancellor has warned it is unlikely there will be significant tax cuts as he focuses on getting inflation down

In a 4,000 word screed, Liz Truss blamed everyone from the "economic establishment" to Joe Biden for getting in the way of her bonkers plan for unfunded tax cuts - but even her own ministers say her plan was to blame

The former prime minister has defended her policies as Rishi Sunak faces demands from some Conservative MPs to reduce the tax burden.

Former British prime minister Liz Truss blamed on Sunday the economic "orthodoxy" in the country's finance ministry, other nations and in parts of the governing Conservative Party for derailing her premiership and "plan for growth". Truss's tenure was cut short last year after her largely unfunded mini budget and tax…

The economic confrontation between the United States and China has put Europe in the crossfire, with Washington's plan to boost green industries threatening to cause collateral damage to a key ally. The United States has adopted the Inflation Reduction Act (IRA), which contains $370 billion in sweeping investments, subsidies and…

Johnson said he had 'no doubt' the Government would get the tax burden down 'when the time comes'

By extending the fuel excise duty cut, the Government is encouraging people to drive more, which will only worsen the climate challenges we face in the very near future, says Dr Timothy F Welch

James Shaw says his Labour colleagues need to work with him to plug the emissions gap created by extending the fuel tax cuts.