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The Latest Breaking News from Tax Cuts

£11bn budget package in Ireland could benefit indy cause, say SNP

AN UNPRECEDENTED package of expanded benefits and tax cuts set out by the Irish government to tackle the cost-of-living crisis puts “Westminster…

The National (Scotland)

Kwasi Kwarteng faces calls for inquiry following champagne do with financiers

The Sunday Times reported that he joined a gathering at the home of a City financier on September 23 where he was said to have been 'egged on' to commit to his plan for £45 billion of unfunded tax cuts

Wales Online

French government ‘worried about Britain’, Macron’s finance minister says

Bruno Le Maire said “dramatic” economic announcements “do not work”

Evening Standard

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UK train strikes and energy hikes add to a week of turmoil

Trains in Britain have all but ground to a halt coordinated strikes by rail workers added to a week of turmoil caused by soaring energy prices and unfunded tax cuts that roiled financial markets

The Independent UK

Scottish Government demand urgent meeting with Chancellor over 'damaging' tax proposals

Deputy First Minister John Swinney has written to Kwasi Kwarteng with the Welsh and Northern Ireland Finance Ministers as they mount pressure.

Daily Record

Scottish Tory MSP breaks ranks to attack 'indefensible' UK Government tax cuts

A SCOTTISH Tory MSP has contradicted his party leadership and attacked Liz Truss’s “indefensible” tax cuts for the highest earners.

The National (Scotland)

Devolved nations demand meeting amid fears of new era of austerity

The ministers warned the tax cuts were a “huge gamble” for the economy

Evening Standard

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Liz Truss's Tories plot return to austerity with 'no mandate whatsoever'

LIZ Truss has been told she has “no mandate whatsoever” to impose a new wave of austerity in order to fund her sweeping tax cuts for the rich.

The National (Scotland)

Truss concedes that £45bn mini-budget tax cuts caused ‘disruption'

'I recognise there has been disruption but it was really, really important we were able to get help to families as soon as possible'

Wales Online

Truss admits £45bn mini-budget tax cuts did cause ‘disruption’

The Prime Minister insisted Chancellor Kwasi Kwarteng was right to act to get the economy moving.

The Independent UK

'Anyone paying attention' knew Liz Truss planned tax cuts, Alister Jack says

ONE of Liz Truss’s ministers has said “anyone paying attention” to the Tory leadership election would know she had planned to cut taxes.

The National (Scotland)

Douglas Ross squirms amid grilling over Tory tax cuts crashing economy

Douglas Ross faced tough questions over the fall-out from the Chancellor's mini-budget

The National (Scotland)

SNP demands Kwasi Kwarteng resigns as Chancellor following reports benefits will be frozen

Ian Blackford claimed that Tory economic policies would leave "millions of families across the UK in deep distress".

Daily Record

How Kwasi Kwarteng’s budget damaged the economy and what will happen now

Policy Correspondent Jon Stone unpacks how unfunded tax cuts pulled the rug out from under the UK economy

The Independent UK

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Daily Record

Scots Tory secretary claims Liz Truss's tax cuts are 'small' as he takes swipe at the BBC

Since the Chancellor's mini budget on Friday the economy has tanked due to the unfunded tax cuts which run into the tens of billions.

The National (Scotland)

Liz Truss plots to reduce benefits to help fund tax cuts for the rich

THE Tory government is set to cut benefits in real terms in order to fund tax cuts for the rich, according to reports.

The Independent UK

Asian stocks sink on German inflation, British tax cuts

Asian stocks have sunk again after German inflation spiked higher, British Prime Minister Liz Truss defended a tax-cut plan that rattled investors and Chinese manufacturing weakened

Crikey

No easy way out of Truss’ ideological insanity, with Britons set to be the losers

Where to now for Liz Truss and Chancellor Kwasi Kwarteng? If they won’t ditch their tax cuts, there are no good options for them — or the UK.

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Chronicle Live

Liz Truss and Kwasi Kwarteng double down on mini-budget as Chancellor visits Darlington

Liz Truss and Kwasi Kwarteng have insisted their £45bn package of tax cuts is the "right plan" despite chaos on financial markets, and fears of rocketing mortgage bills

Reuters

UK's Labour has 33-pt lead over ruling Conservatives -YouGov poll

Britain's opposition Labour party has surged to a 33-point lead over the ruling Conservatives, according to a YouGov poll on Thursday, after days of chaos in financial markets triggered by the government's planned tax cuts.

The Guardian - UK

Tax cuts funded on backs of poor ‘morally indefensible’, say campaigners

Government could seek to reduce welfare benefits spending in wake of recent mini-budget

AFP

UK PM vows to get borrowing 'back on track' after market turmoil over tax cuts

London (AFP) - UK Prime Minister Liz Truss defended her tax-slashing plans Thursday but vowed to "get borrowing back on track", after nearly a week of silence when markets tanked and the Bank of England was forced into an emergency intervention.

The National (Scotland)

Liz Truss: Tory tax cuts would 'turbocharge' Scottish economy

LIZ Truss has urged the Scottish Government to replicate her government's tax-slashing budget - saying it could help "turbocharge" the…

Newsroom.co.nz

The UK's economic turmoil doesn't have to be ours

Lack of coordination between monetary and fiscal policy is hurting the UK economy and threatening a global currency crisis. What might that mean for NZ?

Daily Record

Poorest in society will pay most for Tory tax cuts, Kwasi Kwarteng signals

Kwasi Kwarteng refused to say if benefits would rise with inflation next April amid warnings that families face destitution if they do not.

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