The Latest Breaking News from Tax Cuts

The early signs are that the financial markets have been appeased by the government’s October 17 decision to reverse two-thirds of its September mini-budget tax cuts.

Bank would have warned of any a threat to ‘financial stability’ – but was in the dark about tax cuts to be unleashed

Pre-open movers U.S. stock futures traded higher in early pre-market trade on Tuesday after closing sharply higher in the previous session. The Dow Jones jumped by more than 550 points in the previous session following Friday's selloff after the UK reversed its proposed tax cuts.

Liz Truss has apologised for her “mistakes” as she sat down for an interview at the end of a dramatic day in Westminster.The Prime Minister is battling to save her premiership after her economic agenda was left in tatters by the dismantling of her former chancellor’s landmark mini-budget.Speaking after she…

The pound surged against the dollar Monday as Britain's fourth finance minister in as many months sensationally ripped up a tax-cutting budget that had spooked markets. Chancellor of the Exchequer Jeremy Hunt axed almost all of the debt-fueled tax cuts unveiled last month by the new government of Prime Minister…

Having made a deal with the devil, can the government leverage trust to seek a fresh mandate to preserve this vital part of our nation?

The ASX has jumped and US stocks rallied overnight after the UK Government ditched major parts of its economic plan that caused turmoil in financial markets, and the Bank of America posted stronger earnings. The Reserve Bank says it will keep raising interest rates.

New Chancellor Jeremy Hunt confirmed on Monday that the Government will reverse a raft of tax cuts announced last month

But economists warn more pain yet to come with spending cuts