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The Latest Breaking News from Tax Cuts

Emily Sheffield: This non-budget Budget is just as risky for Keir Starmer as Liz Truss

Today is a big day for the Truss government. And this weekend is just as important for Labour as it sets out its stall at the party conference in Liverpool. It’s not difficult to summarise how the critique of the new Tory leader will go: same old Tories. One rule…

Evening Standard

Britain’s rich to enjoy lion’s share of £45bn tax cuts announced by Kwasi Kwarteng

Government accused of helping those who are ‘already wealthy’ with ‘Robin Hood in reverse’ mini-Budget

The Independent UK

Chancellor Kwasi Kwarteng’s mini-budget slammed by Labour as ‘plan to reward the wealthy’

Shadow Chancellor Rachel Reeves called the Prime Minister and Chancellor were “two desperate gamblers in a casino”

Evening Standard

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Tory tax cuts for wealthy will drive 'broke, broken Britain' into 'economic chaos', critics warn

THE Tories’ emergency mini-budget has been branded a recipe for “economic chaos” as the country faces the likely recession amid warnings there…

The National (Scotland)

Martin Lewis brands tax cuts and borrowing in mini-Budget ‘staggering’

Money saving expert issues verdict on Kwasi Kwarteng’s plan for economy

The Independent UK

Does Kwasi Kwarteng’s mini-budget offer any solutions to Britain’s crises? Our panel decides

The chancellor has delivered swingeing tax cuts and an end to the cap on bankers’ bonuses

The Guardian - UK

Tax cuts, bankers bonuses and energy bills: Eight key announcements Kwasi Kwarteng made in today's mini-budget

A raft of tax cuts were announced in this morning's mini budget.

Manchester Evening News

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City Comment: Tax giveaways at odds with wider sentiment

Some warm words today from our new chancellor. Kwasi Kwarteng wants to “turn the vicious cycle of stagnation into a virtuous cycle of growth”, something he believes can be achieved by a bunch of supposedly City-pleasing tax cuts.

Evening Standard

Mini-Budget 2022 summary: £45bn tax cut announcements at a glance and how they hit you

Stamp Duty, Income Tax, the bankers' bonus cap, and tax on the very richest 660,000 Brits have all been slashed in a tax-cutting mini-Budget that was 'mini' in name only

Daily Mirror

Kwasi Kwarteng AXES top income tax rate for highest earners

The Chancellor announced a raft of tax cuts in a mini-budget

Evening Standard

Mini Budget 2022: How Kwasi Kwarteng's huge tax cuts will affect Scots as rich set to benefit

The Chancellor of the Exchequer announced huge tax cuts that will benefit the richest in society.

Daily Record

Kwasi Kwarteng to put mini-budget forward today - here's how to watch

KWASI Kwarteng is set to announce tens of billions of pounds of tax cuts and new spending in a mini budget on Friday morning.

The National (Scotland)

Mini-budget 2022: pound crashes as chancellor cuts stamp duty and top rate of income tax – as it happened

Tax cuts to cost Treasury around £37bn in 2023-24, official figures reveal

The Guardian - UK

Pound plunges through $1.09 as former US Treasury secretary blasts ‘naive’ UK policies in mini-budget– as it happened

Sterling has tumbled by over three cents to 37-year low, and UK gilt yields are surging, after Kwasi Kwarteng announced huge unfunded tax cuts

The Guardian - UK

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Manchester Evening News

What time and when is Kwasi Kwarteng's mini-budget announcement this morning?

The government is believed to introduce a variety of tax cuts later on this morning

Evening Standard

Mini-budget latest LIVE: Kwasi Kwarteng scraps 45% top rate of income tax as Chancellor slashes stamp duty

The basic rate of income tax will be cut to 19p in the pound from April 2023 and the 45% higher rate will be ‘abolished’

The Guardian - UK

Friday briefing: What to expect from Kwasi Kwarteng today

In today’s newsletter: The newly appointed chancellor will deliver his first ‘fiscal event’ in Parliament today – but will it make a difference?

The Guardian - UK

Five charts that will underpin chancellor’s mini-budget

From soaring inflation and gas prices to tax take and national debt, these are the trend lines that frame Kwasi Kwarteng’s calculations

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Birmingham Post

Mini-budget: Chancellor Kwasi Kwarteng set to reveal plans for ‘new era focused on growth’

Chancellor poised to confirm billions in spending and plans for tax cuts

The Guardian - UK

From stamp duty to defence spending: what will Kwarteng’s mini-budget do?

Tax cuts and more borrowing are likely to feature on Friday as the chancellor gambles on growth

Evening Standard

Chancellor Kwasi Kwarteng to deliver biggest tax cuts since Nigel Lawson’s Budget 34 years ago, says IFS

The Institute for Fiscal Studies also warned the Government’s dash for growth may not deliver on anything like the scale hoped for

The Guardian - UK

UK’s mounting debts unsustainable if sweeping tax cuts go ahead, warns IFS

Concerns mount before mini-budget that precarious financial position will spark run on sterling

The Guardian - UK

Truss tax cuts will hand big banks and insurers £6.3bn, study says

Figures compiled by House of Commons Library measure impact of freezing corporation tax and cutting banking surcharge

Evening Standard

Liz Truss’s plans for tax cuts ‘a gamble at best’, says leading think tank

The Institute for Fiscal Studies said the new PM risks putting the public finances on an ‘unsustainable path’

The Independent UK

Liz Truss tells US corporate giants her tax cuts ‘just the start’, despite warnings of unsustainable debt

PM promises ‘lower, simpler taxes’ – despite new warning UK public finances on ‘unsustainable path’

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