The Latest Breaking News from Tax Cuts

Liz Truss may have won the battle to become Britain’s next prime minister, but don’t expect much time for her to settle into office. People’s living standards are predicted to fall by an unprecedented 10% over the next two years, driven by rising prices of energy and other goods.

The new prime minister faces a number of issues that require immediate attention, writes Kate Devlin

The front-runner to be the next Prime Minister defended her tax-cutting plans

Forget costly tax cuts, a plan to support those most at risk from this looming disaster has to be the new prime minister’s first order of business

Nadhim Zahawi is believed to have discussed plans with Liz Truss who is favourite to be the next prime minister

The cuts benefit the wealthy over the strugglers, ploughing fertile ground for conspiracy theorists to accuse MPs of looking after themselves

Options, if Truss takes over as PM, range from her favoured tax cuts to household energy bill plans aiding the worst off

When the results of the Conservative leadership race are announced next week, the UK’s new prime minister will be facing a formidable set of challenges. There is the worst cost of living crisis in 50 years, a war in Europe, an antagonistic relationship with the EU and divisions within the…

The final, mega stage of the Coalition’s tax cuts, worth more than $240 billion over a decade, is now in the gun sights of many critics, who are calling for Anthony Albanese to dump his promise to deliver it.