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The Latest Breaking News from Tax Cuts

Michael Gove could vote against Truss’s ‘profoundly concerning’ tax plans

The influential figure in the Tory party said using borrowing to pay for tax cuts is ‘not Conservative’.

The Independent UK

Michael Gove attacks Liz Truss's tax cuts for richest Brits as 'display of wrong values'

The former cabinet minister says there is an 'inadequate realisation' at the top of Liz Truss's government over the 'scale of the change required' in mini-Budget plans

Daily Mirror

Michael Gove says Liz Truss’s tax cut plans ‘not Conservative’

Influential former minister hints he will not vote for mini-budget measures in blow to PM

The Guardian - UK

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Liz Truss admits she could have 'laid the ground' better on tax cuts

She confirmed the decision to scrap the top rate of income tax for the nation’s highest earners was made by Kwasi Kwarteng rather than being agreed by the wider Cabinet.

Nottingham Post

The Observer view on why Tory MPs must stop Liz Truss’s ‘reverse Robin Hood’ policies

Cutting services to fund tax cuts for the very wealthy is not only cruel amid a cost of living crisis, it’s also unmandated

The Guardian - UK

£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

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

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

Evening Standard

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

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

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The Independent UK

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 National (Scotland)

'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

Daily Record

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".

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news in one place.

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The Independent UK

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

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.

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.

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