The Latest Breaking News from Tax Cuts

The Institute for Fiscal Studies said ‘permanent tax cuts’ could exacerbate pressures on the public purse.

Shadow chancellor condemns ‘moral failure’ of rival’s plans – but Liz Truss sticks to guns on tax cuts

Former chancellor blasts foreign secretary’s focus on tax cuts as ‘moral failure’

The ongoing Conservative Party leadership hustings haven’t seen much agreement between candidates, but they have resulted in the creation of a new political narrative: “Gordon Brown economics”. Foreign secretary Liz Truss explained away her rejection of cost of living “handouts” for households with the phrase. But even as she indicated…

Fixated on the tax cuts beloved of Tory members, Truss and Sunak have no plan at all to deal with the UK’s looming crises, says Guardian associate editor Martin Kettle

Treasurer Jim Chalmers says the government is keen to hear from as many groups as possible at the upcoming jobs and skills summit, including the opposition.

This Conservative leadership contest is getting weirder. It started out straightforwardly enough. Rishi Sunak was the MPs’ favourite (though at no stage did he command anything approaching majority support) with a pitch based on ‘sound money’ and tax cuts soon but not now.

Germany’s finance minister says the government plans to make tax cuts worth more than 10 billion euros ($10.2 billion) to benefit broad sections of the population squeezed by high energy costs and inflation

Consumer rights campaigner tells Tory contenders they need to tell public ‘the bare minimum’ of what they will do