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The Latest Breaking News from Tax Cuts

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

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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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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***!'

Daily Mirror

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 National (Scotland)

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.

The Independent UK

‘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

Evening Standard

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 Guardian - UK

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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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The Guardian - AU

Majority of Australians back sound economic management over keeping promised tax cuts, survey suggests

Almost half of those polled support axing stage three cuts while one quarter thought they should be kept

AAP

High income earners oppose tax cut plan

Pressure is mounting on the Albanese government to ditch the planned stage three income tax cuts as new research reveals most Australians oppose the plan.

Daily Mirror

Anger as Tory chairman says Brits who can't afford bills can cut spending or get new job

Jake Berry was accused of 'living on another planet' after he made the comment while defending tax cuts for the rich in Liz Truss’s mini-Budget

The National (Scotland)

Michael Gove 'profoundly' concerned about Liz Truss's tax plans

FORMER Conservative Cabinet minister Michael Gove has said he is “profoundly” concerned about Liz Truss’s vast tax cuts as he suggested he…

The Independent UK

Nadine Dorries accuses Liz Truss of ‘throwing Kwasi Kwarteng under bus’ over tax cuts

Prime minister provokes fresh row at start of Tory conference

Daily Mirror

Kwasi Kwarteng admits markets meltdown after mini-Budget ‘really ruined my sleep’

Kwasi Kwarteng accepted that the bombshell blueprint for £45bn in tax cuts funded by borrowing had been done 'at very high speed' but he was convinced it was the right plan

The Independent UK

UK's Truss sticks by economic plan as her party worries

British Prime Minister Liz Truss has acknowledged she could have done a better job “laying the ground” for her package of unfunded tax cuts

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