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The Latest Breaking News from Tax Cuts

Next PM must find 'many more billions' in energy bill help - as hikes branded 'inhumane'

Institute for Fiscal Studies (IFS) chief Paul Johnson said it was a 'mystery' why Tory leadership hopefuls were obsessing over tax cuts when the country was heading into recession

Daily Mirror

Emily Sheffield: Tories should delay voting until we get solutions to this crisis

This week Sajid Javid played another political blinder. He was the first to offer his resignation from Boris Johnson’s government, tipping Rishi Sunak into action, which in turn caused a resignation stampede. It is the former Chancellor who has taken the main brunt of accusations of disloyalty, but it was…

Evening Standard

Tax remains key divide as leadership campaigns respond to economic outlook

Liz Truss’s campaign has argued for implementing tax cuts quickly, while the Sunak campaign has warned against too much borrowing.

The Independent UK

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See how much your mortgage would rise if Liz Truss becomes PM, according to Sunak

IF Liz Truss becomes prime minister, homeowners in the UK could face a steep rise in their mortgage payments, Rishi Sunak has claimed.

The National (Scotland)

The Tories are swerving wildly to the right as Truss and Sunak promise the impossible

On most issues – from immigration and equalities to tax cuts – the two candidates for PM are hugely out of step with voters, says Guardian columnist Polly Toynbee

The Guardian - UK

What would life under Prime Minister Liz Truss look like? From tax cuts to grammar schools

Foreign Secretary Liz Truss has emerged as the frontrunner in the Tory leadership race as she dukes it out with Rishi Sunak to succeed Boris Johnson. Here we look at what a Truss premiership could mean

Daily Mirror

Javid denies Truss tax cuts plan will lead to increased borrowing

Latest high-profile backer of Tory leadership candidate says proposals ‘risky’ but not inflationary

The Guardian - UK

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Alan Kohler: Labor must abandon the Stage 3 tax cuts. Big government must be funded

Relying on central banks to support growth by printing money is clearly not viable because of what that does to inequality. Government will have to step up.

The New Daily

Truss campaign bounces back after embarrassing U-turn

Foreign secretary has secured the endorsement of former chancellor Sajid Javid

The Independent UK

Javid accuses Sunak of sleepwalking into a high-tax economy as he endorses Truss

Former chancellor warns “tax cuts now are essential”

The Independent UK

Sajid Javid endorses Liz Truss in fresh blow to Rishi Sunak’s campaign

Conservative MP says Truss is best placed to ‘reunite the party’ and new approach on economy is needed

The Guardian - UK

After Liz Truss’s pay cuts U-turn, which other Tory candidate pledges don’t add up?

Leadership rivals’ policies from Rishi Sunak’s tax cuts to foreign secretary’s spurious crime plans come under spotlight

The Guardian - UK

Former Treasury minister hits out at Liz Truss’s ‘endless crazy tax cuts’ and ‘laughable’ public sector U-turn

‘The optics of that: Dear, dear, dear,’ says Lord O’Neill

The Independent UK

Tory policy battle: What have Truss and Sunak pledged for the country?

Over the next few weeks it will be up to Conservative members to decide which of the two final candidates will take on the top job in No 10.

The Independent UK

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Wales Online

Tax cuts: What have Rishi Sunak and Liz Truss promised?

The two Tory leadership hopefuls have very different views on what sort of tax policy the UK should be pursuing in the short-term, with Sunak suggesting that Truss' cut and borrow plan would be irresponsible

The Guardian - UK

Shapeshifting Sunak’s tax-cutting conversion risks overpromising

Former chancellor takes leaf out of rival Liz Truss’s book but his plans may be too good to be true

The Independent UK

Truss vs Sunak: Where do the Tory leadership contenders stand on policy?

Liz Truss and Rishi Sunak are seeking to woo voters set to decide which of the two will take over from Boris Johnson as head of the Tory party.

The Conversation

Why Labor's new tax cut on electric vehicles won't help you buy one anytime soon

The Albanese government has introduced tax cuts to electric vehicles in its first sitting week, claiming the proposed changes would be “good for motorists, good for climate action and good for fleet purchases”. They won’t, however, help most Australians afford one.

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Evening Standard

Rishi Sunak says Truss’s tax-cutting plans will create ‘sugar rush boom’

Rishi Sunak said rival Liz Truss’s plans for vast tax cuts would “put fuel on the fire” of the inflation problem and create a “sugar rush boom”.Veteran political journalist Andrew Neil challenged the Tory leadership hopeful over his plans to tighten fiscal policy in a time when “the global economy…

Evening Standard

Rishi Sunak says Liz Truss’s plans for £30billion of tax cuts will ‘put fuel on the fire’ of inflation and ‘erode people’s living standards’

The former chancellor warned that Ms Truss’ economic plan would spark interest rate rises and ‘erode people’s living standards’

Asharq Al-Awsat

UK Rivals for PM Hold First Clash in Front of Tory Members

British Conservatives Rishi Sunak and Liz Truss Thursday underwent their first grilling in front of party members as they wage a bitter duel to succeed Prime Minister Boris Johnson. The hustings in Leeds, northern England, was the opening bout of 12 nationwide events as the grassroots members elect a new…

The Guardian - UK

The difference between the Tory candidates’ tax plans? One is bad, the other is really bad

Neither has the first idea of what they’re doing. Truss’s proposal does little for those who need it, and Sunak’s is a desperate U-turn, says Larry Elliott, the Guardian’s economics editor

Evening Standard

I’ll make streets safe for women, vows Liz Truss

Exclusive: Foreign Secretary sets out her vision on crime as new war of words rages over tax cuts

The Guardian - UK

Rishi Sunak’s plan to cut VAT on energy bills a screeching U-turn, says Kwarteng

Business secretary, a supporter of Liz Truss, says former chancellor has ‘come late to the party’ on tax cuts

Salon

Dems fail to reverse any Trump tax cuts

"Nobody should get a pass for it. It's nothing short of an embarrassment"

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