The Latest Breaking News from Tax Cuts

Britain's opposition Labour party has surged to a 33-point lead over the ruling Conservatives, according to a YouGov poll on Thursday, after days of chaos in financial markets triggered by the government's planned tax cuts.

Government could seek to reduce welfare benefits spending in wake of recent mini-budget

The First Minister warned some Scots were now "terrified" of their ability to heat their homes and pay their mortgages this winter.

The Albanese government's first federal budget will include a significant rewriting of official budget guidelines and will also see forecasts for unemployment revised as a "consequence" of a deteriorating global outlook, the treasurer has flagged.

The Prime Minister hasn't been in the media since the government announced a series of tax cuts in its 'mini budget' on Friday

As post-mini-Budget chaos engulfs Britain, Treasury minister Chris Philp refused to rule out a real-terms cut to DWP Universal Credit, asked for 'efficiency savings' and said 'I'm not going to apologise'

Kwasi Kwarteng’s growth plan included £45bn of tax cuts

It comes after days of market turmoil as traders swallowed the impact of the Chancellor’s growth plan, which included £45 billion of tax cuts.

Cabinet ministers ‘to be told to make efficiency savings’ amid growing Tory backlash over mini-Budget chaos