The Latest Breaking News from Tax Cuts

Almost all the candidates have promised large tax cuts, but experts say the trade-offs are likely to be too high.

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.

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

The flood of ministerial resignations from UK prime minister Boris Johnson’s government in recent days started with Rishi Sunak’s resignation as UK chancellor of the exchequer on July 5 2022, alongside health secretary Sajid Javid’s. His resignation letter cited differences of opinion over the economy, saying that a “low-tax, high-growth…