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The Latest Breaking News from Tax Cuts

Rishi Sunak to 'cut tax by curbing welfare spending'

The Prime Minister said pre-election giveaways will be affordable by controlling public spending.

Evening Standard

Rishi Sunak warns he will curb benefits and government spending to help fund tax cuts

Prime minister suggests public spending cuts on cards to help with pre-election giveaway

The Independent UK

Chancellor unsure if Government can afford to announce new tax cuts

Jeremy Hunt was speaking to reporters as the rate of national insurance was cut from 12% to 10%.

Evening Standard

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Plan Now, Save on Taxes Later: Tax Law Reset Is Coming

Don’t let the sunsetting of provisions in the Tax Cuts and Jobs Act catch you off guard. Here are some ways to take advantage of lower tax rates now.

Kiplinger

Jeremy Hunt unsure if government can afford more tax cuts

‘I don’t yet know if I can’, says chancellor when asked about pre-election tax giveaway talked up by PM

The Independent UK

Arkansas's Tax Cuts and Quality of Life Attract Population Surge!

Discover how states like Arkansas are attracting residents with low taxes, law and order, and a high quality of life, while blue states struggle to retain ...

Top News

Rishi Sunak tax cuts won’t ease burden, economists warn, as national insurance rate drops

The Institute for Fiscal Studies says personal taxes are rising despite much-hyped Tory tax cuts

The Independent UK

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The Greens ring in the new year with a new fight over Australia’s housing crisis

Adam Bandt signals new rent freeze push and criticises ‘tax cuts for billionaires’ as Labor aims to get ‘help to buy’ scheme through parliament

The Guardian - AU

Starmer suggests no tax cuts for two years under Labour without economic growth

Labour leader says growth must come first, and concedes his £28bn green energy investment could shrink

The Independent UK

Booze tax cuts approved to boost tourism

The cabinet has approved tax cuts on alcoholic beverages, with wine prices set to fall significantly, in order to boost tourism.

Bangkok Post

Where the Republican presidential candidates stand on the economy

GOP presidential hopefuls know that the economy is an important issue — if not the top issue — for voters. That means it's a big talker on the campaign trail and a focus area for winning votes.

WEKU

Labour tax cuts would threaten another 'period of austerity' for public services, warns IFS

Sir Keir Starmer and shadow Chancellor Rachel Reeves are reported to be considering tax cuts in Labour’s election manifesto, possibly to income tax

Evening Standard

Humza Yousaf attacks Tories for 'choosing tax cuts for wealthy' over fair NHS pay

HUMZA Yousaf has accused the UK Government of prioritising “tax cuts for the wealthy” over fair pay for NHS staff as junior doctors in England…

The National (Scotland)

How Regular Families Could Be Affected if Tax Cuts Expire

You don’t have to have a large estate to see a significant impact on your taxes once provisions in the 2017 Tax Cuts and Jobs Act sunset (if Congress doesn’t act).

Kiplinger

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The Guardian - UK

Six things to watch in 2024 global economy, from tax cuts to AI

The Israel-Hamas war could broaden, and many developing countries are on a path to crisis

The Guardian - UK

Five charts explaining the UK’s economic prospects in 2024

As we enter an election year, how will the effects of inflation, weak GDP growth, unemployment, tax cuts and rising housing costs sway voters’ intentions?

The Guardian - UK

How a spring UK budget could fire the starting gun for an early election

UK economic prospects are bleak but an agenda-setting fiscal event such as sweeping tax cuts in March offers another roll of the dice

The Guardian - UK

Jeremy Hunt fuels election speculation as 6 March spring budget announced

Chancellor has asked the OBR to prepare forecasts for the economy and public finances to be presented to parliament

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The Independent UK

Chancellor Jeremy Hunt announces date for 2024 spring Budget

Tories expected to seek tax cuts in appeal to voters as they founder 20 points behind Labour in polls

Evening Standard

Conservatives float tax cuts and help for first-time buyers to turn around dire polling

Longer term fixed mortgage deals and inheritance tax cuts among attention-grabbing pledges reported to be under consideration

The Guardian - UK

May general election? The economic case for going early (and clinging on)

Falling inflation and tax cuts in a February budget would signal a spring poll but weak growth and rising mortgage bills bode caution

Crikey

Setting the stage for tax cuts that will cut low-income Australians to the bone

Crikey readers debate the merits of the controversial stage three tax cuts.

Kiplinger

How to Prepare for Upcoming Estate Tax Law Changes

High-net-worth families have time to take advantage of higher estate and gift tax exemptions before they’re significantly reduced if provisions of the Tax Cuts and Job Act are allowed to sunset.

Crikey

‘Progressive’ Labor is dead — supporting stage three tax cuts is pointless

The public won’t reward Labor for sticking to an election policy when its multi-term strategy has failed across the board.

Crikey

Look closely — there are real warning signs in Labor’s MYEFO budget report

The release of the MYEFO report shows tax revenues roaring back. The main reason? Abolishing a tax concession for low- and middle-income earners.

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