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The Latest Breaking News from Tax Cuts

Economic boost for Sunak - but fresh tax cuts calls erupt

Economy grew much more than expected at the start of the year

The Independent UK

Treasury minister rules out tax cuts amid Tory warning over burden on Britons

Andrew Griffith defended the Government as experts said parliament will have presided over the biggest set of tax rises since the 1940s.

The Independent UK

Minister raises hopes of pre-election tax cuts next year

But Andrew Griffith stresses that the focus ‘right now’ must be on cutting inflation

Evening Standard

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National's fiscal plan doesn't answer tax cut questions

National may have hoped its detailed fiscal plan would put to bed the lingering questions about how it will pay for its tax cuts, but there are no satisfactory answers in sight.

Newsroom.co.nz

NZ Labour likens Luxon to Eddie Jones in fiscal fight

New Zealand's Opposition National party has released its alternative budget, promising more disciplined spending to pay for income tax cuts.

AAP

US Government Debt Hits Record High Amid Deadlock Battle Over Spending

Tax cuts under Bush and Trump administrations contribute to $33 trillion debt, risking government shutdown

Zenger

Government minister says inheritance tax is ‘deeply unfair’ as Sunak ‘plans to scrap’ levy

Rishi Sunak is said to be preparing to announce a cut in the levy – or even scrap it altogether

The Independent UK

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Tax cuts ‘virtually impossible’, says Jeremy Hunt in major blow for Tory right

Chancellor insists he still faces ‘very difficult decisions’ at Budget despite better economic news

The Independent UK

This generation of politicians has killed fiscal responsibility–but millennials and Gen Zers will be the ones who pay the price

During the next presidential term, publicly held debt is projected to exceed its Second World War highs.

Fortune

Jeremy Hunt may get ‘wiggle room’ for pre-election tax cuts after lower public borrowing than forecast

Chancellor Jeremy Hunt may get some “wiggle room” for pre-election tax cuts after lower public borrowing than forecast.

Evening Standard

Liz Truss urges PM to cut taxes and ditch some green commitments

The former PM concedes that she and Kwarteng were in a ‘rush’ to get ‘results’

The Independent UK

Unfair to call my mini-budget tax cuts unfunded, Truss to claim

The former PM will urge the Government to cut taxes, shrink welfare spending and raise the retirement age in a speech explaining her economic vision.

The Independent UK

New Zealand voters search for relief from ‘shocking’ living costs as election looms

Tax cuts and cheaper fruit among Labour and National party plans to address rising cost of living pressures as people once comfortable are swept into crisis

The Guardian - AU

Trump plots tax cuts as poverty rises

Trump and his advisors are setting sights on an aggressive tax cut plan to push during his 2024 campaign

Salon

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The Independent UK

State pension to rise due to record wage growth but Jeremy Hunt warns tax cuts ‘unlikely’

The bumper wage growth will also pile pressure on the Bank of England to raise interest rates yet again later this month

The Guardian - UK

Robbing the poor to fund tax cuts for the rich – Britain is a Tory test lab for a new rightwing populism

Freezing benefits in order to slash taxes for wealthy voters? It’s nakedly obvious who this government really cares about, says Guardian columnist Owen Jones

The Guardian - UK

High UK inflation makes autumn tax cuts unlikely, says Jeremy Hunt

Warning against pumping ‘money into people’s pockets’ comes amid hints Bank of England will again raise rates

The Guardian - UK

Sunak refuses to make pensions triple lock election commitment

PM says he will not speculate over policy as he grapples with how to fund tax cuts demanded by Tory MPs

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The National (Scotland)

Jeremy Hunt considers benefits cuts to provide pre-General Election tax cuts

RISHI Sunak declined to rule out real-terms cuts to benefits amid suggestions the move could be taken to free up cash for tax cuts ahead of the next…

The Independent UK

Tory row brews as Hunt considers squeezing benefits to fund tax cuts

Truss allies dramatically accuse chancellor of wasting chance to raise £4 billion

Newsroom.co.nz

Brian Tamaki and Nats' tax cuts light a fire in Labour

Labour leader Chris Hipkins regains his mojo, launching his party's election campaign with a big policy carrot and a lot of help from planted protesters and National's big play on tax

Newsroom.co.nz

Labour and National kick climate can down the road

Comment: As long as the two Chrises make the right noises about fighting the climate crisis, they don't have to worry about actually doing anything, writes Marc Daalder.

Newsroom.co.nz

National's 'carbon dividend' takes climate cash for tax cuts

National says its tax plan includes a "carbon dividend" but economists say the party is wrong and the policy won't accomplish what it promises.

Newsroom.co.nz

National's tax plan: What you need to know

National says its tax cuts are targeted to the median earner, though families with children and landlords also get special attention in the $14.6b package.

The Guardian - AU

Labor is nibbling at tax reform but revamping stage three cuts is too big to swallow

The intergenerational report shows cuts will be needed in the medium to long term to prevent workers paying an ever-growing share of the total take

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