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The Latest Breaking News from Tax Cuts

Analysis-Race for Downing Street drives tax policy split into UK Conservatives

Differences over how to revive Britain's slow-growth, high-inflation economy could hardly be starker within the ruling Conservative Party as the two remaining contenders to become its new leader, and thereby prime minister, clash over tax.

Reuters

Liz Truss tax cuts policy ‘ridiculous’ and risks 1970s-style inflation, economists warn

Experts reject Tory candidate’s claim tax cuts ‘will decrease inflation’ – and warn of austerity era ahead

The Independent UK

Sunak would not cut taxes before autumn 2023, in clear divide with Truss

Former chancellor would delay cuts until inflation under control, while rival has pledged immediate cuts

The Guardian - UK

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Conservative leadership latest: Liz Truss and Rishi Sunak clash as real race begins

Truss pledges action on cost of living while Sunak vows to govern like Margaret Thatcher

Evening Standard

Liz Truss vows to ‘bulldoze through’ policies needed to save Britain from recession

The Foreign Secretary denied her proposed tax cuts of around £30 billion would worsen the cost-of-living crisis by fuelling inflation

Evening Standard

Soaring inflation pushes interest payments on UK debt to record high in June

Potential for future tax cuts narrows with budget deficit on course to top £100bn this year

The Guardian - UK

Tory leadership race: Rishi Sunak calls himself ‘common sense’ Thatcherite – as it happened

Former chancellor says UK ‘needs to control borders’ and again references Margaret Thatcher

The Guardian - UK

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Liz Truss breaks cover in eyebrow-raising interview as savage Tory blue-on-blue begins

The Foreign Secretary defended 'fantastic' Boris Johnson, admitted she has £30bn a year of unfunded tax cuts and drew battle lines with Rishi Sunak as she finally agreed to a broadcast interview - only after making the final two

Daily Mirror

Liz Truss claims tax cuts will not affect inflation as she battles Rishi Sunak over Thatcher legacy

Both candidates for the Tory leadership have attempted to cloak themselves in a Thatcherite mantle as promises of tax cuts become the dividing line in the six week campaign.

Daily Record

Boris Johnson attacks Rishi Sunak as he uses final PMQs to back Liz Truss on tax cuts

The Prime Minister had a final dig at the former chancellor during his final despatch box appearance in the Commons.

Daily Record

What do the two candidates to be the next prime minister say on policy?

Rishi Sunak and Liz Truss are going head-to-head to replace Boris Johnson.

The Independent UK

Inflation expected to have soared even higher in June as cost crisis ramps up

Economists are forecasting the latest figures from the Office for National Statistics will show Consumer Prices Index (CPI) inflation rose in June.

The Independent UK

Tory candidates’ tax cuts: a boost for the wealthy, and a drag for the rest of us

Inconveniently, there’s little evidence that the only thing standing between the UK and a thriving economic future is slashing taxes on corporate profits, says Carys Roberts, executive director of the Institute for Public Policy Research

The Guardian - UK

Tory leadership: All the MPs still in the race to replace Boris Johnson as leader

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

The Independent UK

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The Guardian - UK

Tory leadership field to be cut to four as IMF warns against tax cuts

Tom Tugendhat most likely to be eliminated after bruising ITV debate marked by Sunak and Truss clashes

The Independent UK

Labour accuses Tory contenders of abandoning ‘levelling up’ agenda

Shadow levelling up secretary Lisa Nandy will say promises made by Boris Johnson are being forgotten in the race to offer tax cuts.

Daily Mirror

Brutal moment NONE of Tory leadership candidates say they'd put Boris Johnson in Cabinet

The remaining five Tory leadership candidates were clashing tonight in an ITV debate after they took swipes at each other over Brexit, tax cuts and trans rights

The Guardian - UK

‘Arms race’ over tax cuts shows Tory leadership candidates want a reset

Analysis: Contenders hope to reverse Johnson’s high-tax, high-spending policies but are vague about how they will protect services

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Daily Mirror

Tory candidates challenged to 'come clean' on impact of their tax slashing plans

Frontrunners in the race to replace Boris Johnson are competing for the most outlandish tax slashing promises to woo Tory members

The Independent UK

Rishi Sunak: I’ll deliver tax cuts after getting grip on inflation

Former chancellor says curbing spiralling prices is ‘number one economic priority’

Evening Standard

Conservative leadership race latest: Rishi Sunak tops latest poll after pledging to maximise Brexit

Two further TV debates will take place on Sunday and Tuesday

The Independent UK

Tory rivals round on Mordaunt over trans issues and tax cuts in televised clash

Amid a series of bruising exchanges, the international trade minister said the attacks showed ‘no-one wants to run against me’.

Daily Mirror

Tory leadership candidates' policies compared - from 'fantasy' tax cuts to culture wars

The four remaining candidates hoping to succeed Boris Johnson - Rishi Sunak, Liz Truss, Penny Mordaunt and Kemi Badenoch - have clashed over each other's records. We look at their stances on key issues

Daily Mirror

Rishi Sunak says his weakness is being too 'perfect' in front of mis-spelt sign

The ex-Chancellor made the embarrassing gaffe in the first public Tory leadership hustings - where his rival Liz Truss splurged tens of billions of pounds of spending in just over an hour

The Conversation

Conservative leadership election: why tax cuts are an economic gamble

Always keen to be identified as the party of low taxation, the Conservatives won the 2019 general election on a promise not to raise income tax, VAT or national insurance. So last year’s national insurance increase was bound to rankle, even though it could feasibly be blamed on the huge…

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