Get all your news in one place.

100’s of premium titles.
One app.

Get all your news in one place.

100’s of premium titles. One news app.

The Latest Breaking News from Tax Cuts

£2 taken from households in ‘stealthy’ freezes for every £1 in tax cuts – IFS

By 2025–26, freezes will take away £2 for every £1 given to households through the headline personal tax cuts, the Institute for Fiscal Studies said.

The Independent UK

Markets want what the markets want — and that’s not a good reason to oppose stage three tax cuts

With the UK’s volte-face on high-end tax cuts, it’s tempting to apply the same logic here. But pressure from financial markets shouldn’t be a trustworthy impetus for change.

Crikey

Tax cut needed to ease mortgage pain: Libs

Tax cuts due to come into effect from mid-2024 have become a flashpoint for the upcoming budget as Australia faces economic headwinds.

AAP

From analysis to the latest developments in health,
read the most diverse news in one place.

Former ACCC boss Rod Sims calls for tax increases amid debate over stage 3 cuts

The former chair of the ACCC says taxes must rise if the federal government wants to deliver the essential services Australians demand.

ABC News

Liberal moderate Bridget Archer says Labor right to be questioning stage-three tax cuts

Archer tells Albanese government ‘it’s OK to change your mind’ as debate continues within ALP about future of Coalition tax package

The Guardian - AU

Stage-three tax cuts: What makes them so controversial?

Stage three tax cuts will kick in during 2024 and on net it will benefit people who earn over $180,000, or the top 3.7 per cent.

The New Daily

Live: Truss tries to shake off disastrous start with Tory conference speech

British Prime Minister Liz Truss is set to address the Tory faithful at 12pm Paris time (GMT+2) on Wednesday, closing a tumultuous conference after her announcement of billions in unfunded tax cuts sent the pound plunging and prompted fears that the Conservatives are doomed to lose the next election. Watch…

France 24

Read news from The Economist, FT, and more,
with one subscription

‘Differences of opinion’ within Labor over stage-three tax cuts amid worsening economic outlook

Assistant treasurer Stephen Jones says government ‘not walking away’ from previous policy but framing budget in ‘difficult’ circumstances

The Guardian - AU

It’s a bad time to ditch those tax cuts — both politically and in policy terms

Should Labor dump the 2024 tax cuts just because the British dumped theirs? Of course not — and anyway it’s too soon to decide what will be needed in 2024.

Crikey

Economy woes cloud tax cut ahead of budget

Pressure is mounting to change or scrap costly tax cuts baked in by the former government as Labor prepares to hand down its budget in less than three weeks.

AAP

Treasurer pleads caution on tax cuts as calls to ditch them grow louder

With deteriorating global economic conditions and no prospect of remission inflation, the Treasurer promised a “sustainable” budget.

The New Daily

Pound bounces back after Government's U-turn on tax cuts for the rich

The pound is beginning to rise again after it slumped due to Government plans to scrap income tax cuts for the very richest in society that panicked markets last week

Daily Mirror

Priti Patel says Tories will 'live and die' by economy and must 'regain' credibility

The former Home Secretary is expected to tell a conference meeting later that the Tories will "live or die" by its economic credibility - after nearly two weeks of chaos following the mini-budget and a screeching U-turn on tax cuts for the rich

Daily Mirror

Word from The Hill: Yet another rate rise, Stage 3 tax cuts, a repatriation mission, Higgins case

As well as her interviews with politicians and experts, Politics with Michelle Grattan includes “Word from The Hill”, where she discusses the news with members of The Conversation politics team.

The Conversation

Get all your
news in one place.

100’s of premium titles.
One news app.

Evening Standard

Watch: Kwarteng shrugs off ‘little turbulence’ after U-turn over tax cut for rich

Kwasi Kwarteng has sought to shrug off the chaos that triggered his astonishing U-turn on income tax cuts for the highest earners as a “little turbulence” as he battled to regain authority. The Chancellor remarked it had been a “tough” day as he told Conservative members in his set-piece conference…

Wales Online

Chancellor Kwasi Kwarteng makes second U-turn in two days as he promises to set out debt plan earlier than planned

Kwasi Kwarteng has made the change after markets reacted badly to his package of tax cuts

The Guardian - UK

Kwasi Kwarteng may have U-turned, but huge spending cuts are still coming

The government is clinging to £43bn of tax cuts. Public services and those on benefits will feel the pain, says former prime minister Gordon Brown

The Canberra Times

Rate pain will add more scrutiny to Labor's economic management

The sixth consecutive rate rise may impinge on Labor's budget plans.

Get all your
news in one place.

100’s of premium titles.
One news app.

The Guardian - AU

Jim Chalmers says he will make the ‘right decisions’ on stage-three tax cuts

Treasurer says while the government’s policy has not yet changed ‘any responsible government’ would be looking at global economic pressures

Crikey

Bleak times remain ahead for Britons — and their idiot leaders

Think the Truss government is out of the woods after a humiliating backdown on tax cuts? Think again.

The Guardian - AU

Morning mail: Queensland police failure in assault case, UK U-turn on tax cuts for well-off, ID scam fears

Tuesday: Queensland and NSW police lost key documents and failed to investigate a series of alleged sexual assaults against a 14-year-old girl. Plus: the must-read books for October

The New Daily

Paul Bongiorno: Time overdue for a conversation about our welfare state

The penny is dropping even in the citadels of western capitalism that trickle-down economics is no longer fit for purpose – if it ever was.

Birmingham Post

Kwasi Kwarteng accepts growth plan caused 'a little turbulence' as government U-turns over income tax cuts

Embattled Chancellor says 'it has been tough but we need to focus on the job in hand'

The Guardian - AU

A shift on stage-three tax cuts would move the first Albanese budget from B for boring to B for big

Labor understands any broken promise will be weaponised by its political foes. But an economic storm is brewing and it’s time to change tack

Daily Mirror

Piers Morgan set for explosive Question Time return after Tory U-turn on tax cuts

Former Good Morning host Piers Morgan has said that he's excited to make an explosive return to BBC's Question Time following Liz Truss and Kwasi Kwarteng's tax cuts U-turn

1 … 33 34 35 36

People

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations

Institute for Fiscal Studies

78 stories

Nuffield Foundation

15 stories

Read news from The Economist, FT, and more,
with one subscription

Topics

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.