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The Latest Breaking News from Tax Cuts

Watch: Kwarteng shrugs off ‘little turbulence’ after U-turn over tax cut for rich

Kwasi Kwarteng has sought to shrug off the chaos that triggered his astonishing U-turn on income tax cuts for the highest earners as a “little turbulence” as he battled to regain authority. The Chancellor remarked it had been a “tough” day as he told Conservative members in his set-piece conference…

Evening Standard

Chancellor Kwasi Kwarteng makes second U-turn in two days as he promises to set out debt plan earlier than planned

Kwasi Kwarteng has made the change after markets reacted badly to his package of tax cuts

Wales Online

Kwasi Kwarteng may have U-turned, but huge spending cuts are still coming

The government is clinging to £43bn of tax cuts. Public services and those on benefits will feel the pain, says former prime minister Gordon Brown

The Guardian - UK

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Rate pain will add more scrutiny to Labor's economic management

The sixth consecutive rate rise may impinge on Labor's budget plans.

The Canberra Times

Jim Chalmers says he will make the ‘right decisions’ on stage-three tax cuts

Treasurer says while the government’s policy has not yet changed ‘any responsible government’ would be looking at global economic pressures

The Guardian - AU

Morning mail: Queensland police failure in assault case, UK U-turn on tax cuts for well-off, ID scam fears

Tuesday: Queensland and NSW police lost key documents and failed to investigate a series of alleged sexual assaults against a 14-year-old girl. Plus: the must-read books for October

The Guardian - AU

Paul Bongiorno: Time overdue for a conversation about our welfare state

The penny is dropping even in the citadels of western capitalism that trickle-down economics is no longer fit for purpose – if it ever was.

The New Daily

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Kwasi Kwarteng accepts growth plan caused 'a little turbulence' as government U-turns over income tax cuts

Embattled Chancellor says 'it has been tough but we need to focus on the job in hand'

Birmingham Post

A shift on stage-three tax cuts would move the first Albanese budget from B for boring to B for big

Labor understands any broken promise will be weaponised by its political foes. But an economic storm is brewing and it’s time to change tack

The Guardian - AU

Piers Morgan set for explosive Question Time return after Tory U-turn on tax cuts

Former Good Morning host Piers Morgan has said that he's excited to make an explosive return to BBC's Question Time following Liz Truss and Kwasi Kwarteng's tax cuts U-turn

Daily Mirror

Douglas Ross branded 'flip flop' after Scottish Conservatives leader backs U-turn on tax cuts

Douglas Ross was left humiliated after Kwasi Kwarteng reversed a controversial plan to abolish the 45p tax rate for the richest.

Daily Record

‘Massive spending cuts will still be needed’ despite Chancellor’s U-turn

Think tank experts said the Government’s mini-budget plans will still leave the UK’s public finances on an unsustainable path.

The Independent UK

'Charlatan' Douglas Ross says Chancellor 'right' to U-turn on tax cuts

DOUGLAS Ross has said the Tory government was “right” to U-turn on plans to cut taxes for the rich – despite having publicly backed the policy.

The National (Scotland)

Truss U-turned on tax cuts for the super-rich – now she can axe the rest of her disastrous budget

If the PM and Kwasi Kwarteng want to stem public fury, they must go further, says Guardian columnist Simon Jenkins

The Guardian - UK

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Daily Mirror

Tory Penny Mordaunt says 'our comms is s***' and can't promise Truss will last two years

Penny Mordaunt earned the dubious honour of being the last minister to publicly defend Liz Truss's tax cuts for the rich - saying 'our policies are great, but our comms is s***!'

The National (Scotland)

Seven tweets on tax cuts the Scottish Tories will wish they'd deleted

THE UK Government has been forced into an embarrassing U-turn on their plans to abolish the upper 45 per cent rate of tax for earnings over…

The National (Scotland)

'Utter ineptitude': Nicola Sturgeon reacts to UK Government's 45p tax rate U-turn

FIRST Minister Nicola Sturgeon has reacted to the news that Kwasi Kwarteng will abolish plans to scrap the 45p tax rate for top earners.

The Independent UK

Kwarteng to make crunch conference speech as revolt grows over tax cuts for rich

The Chancellor will insist that his plan to boost growth is right despite mounting opposition from senior Tories.

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Evening Standard

‘We must stay the course with tax plan,’ Chancellor to say in crunch Tory conference speech

Kwasi Kwarteng will defend his planned tax cuts following criticism from Michael Gove

The Guardian - UK

Tory MPs threaten rebellion against Liz Truss over mini-budget

Party conference overshadowed by fears that refusing to do a U-turn on tax and spending cuts will kill off election chances

The Guardian - UK

Truss’s mini-budget looks likely to cost the Tories the next election

Tory MPs fear voters see them as the nasty party again after the prime minister refused to rethink tax cuts for the rich

The New Daily

Alan Kohler: Past budgets and tax cuts are a foreign country

When LP Hartley wrote “the past is a foreign country: they do things differently there”, as the first line of his novel The Go-Between, he was on about

The Guardian - UK

Tory MPs hit back after threats issued to those opposing 45p tax rate abolition

Party chair Jake Berry’s ‘very provocative and very silly’ warning risks ‘breaking the dam’, say backbenchers

The Guardian - UK

Radon Liz hits the Tory conference with all smirks blazing

Upbeat yet catatonic, the prime minister gives party members the impression she positively enjoys being unpopular

The Independent UK

Gove joins assault on Liz Truss package of tax cuts for the rich

‘Wrong values’: Rebel Tories warn PM will struggle to get 45p rate move through parliament

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