The Latest Breaking News from Tax Cuts

Promises of tax cuts from candidates to succeed British Prime Minister Boris Johnson pose another inflationary risk which could pressure the Bank of England to raise interest rates more aggressively, cancelling out any potential boost to the economy.

Foreign secretary is running on a platform of tax cuts

Five days into the contest, the candidates to be the next Conservative prime minister have already offered £235 billion in tax cuts. None of them have begun to suggest how they would pay for them. Yet on they go, blithely playing to the gallery of Tory members, making promises that are…

Quizzed by the Mirror Labour's leader didn't rule out making - or keeping - tax cuts himself at the next general election - but he insisted they'd be fully funded if he did

FOREIGN Secretary Liz Truss has formally launched her campaign to replace Boris Johnson, as rivals squabbled over promises of “fantasy tax cuts”.

The multi-millionaire Chancellor said it would fund tax cuts - but Labour said he had exposed the cost of Tory tax jostling will be 'dramatic cuts to the NHS, policing and schools'

Editorial: Imaginative public spending is unlikely to feature in the Conservative leadership race, where tax cuts will be a key dividing line

Candidates’ focus on reducing tax would throw petrol on the inflationary fire and turbocharge inequality

There are mounting fears that the cost-of-living crisis could tip the UK into recession, as defined by two quarters in a row of falling output, as rocketing inflation sees households and businesses rein in spending...

Contest to succeed prime minister described by one Conservative politician as the ‘wacky races’

Veteran retailer among business leaders and Tory donors calling for a new prime minister to boost UK’s ailing economy