The Latest Breaking News from Tax Cuts

Liz Truss and Rishi Sunak are seeking to woo voters set to decide which of the two will take over from Boris Johnson as head of the Tory party.

The Albanese government has introduced tax cuts to electric vehicles in its first sitting week, claiming the proposed changes would be “good for motorists, good for climate action and good for fleet purchases”. They won’t, however, help most Australians afford one.

Rishi Sunak said rival Liz Truss’s plans for vast tax cuts would “put fuel on the fire” of the inflation problem and create a “sugar rush boom”.Veteran political journalist Andrew Neil challenged the Tory leadership hopeful over his plans to tighten fiscal policy in a time when “the global economy…

The former chancellor warned that Ms Truss’ economic plan would spark interest rate rises and ‘erode people’s living standards’

British Conservatives Rishi Sunak and Liz Truss Thursday underwent their first grilling in front of party members as they wage a bitter duel to succeed Prime Minister Boris Johnson. The hustings in Leeds, northern England, was the opening bout of 12 nationwide events as the grassroots members elect a new…

Neither has the first idea of what they’re doing. Truss’s proposal does little for those who need it, and Sunak’s is a desperate U-turn, says Larry Elliott, the Guardian’s economics editor

Exclusive: Foreign Secretary sets out her vision on crime as new war of words rages over tax cuts

Business secretary, a supporter of Liz Truss, says former chancellor has ‘come late to the party’ on tax cuts

"Nobody should get a pass for it. It's nothing short of an embarrassment"

Tory contender Rishi Sunak has tried to gain ground on rival Liz Truss by promising to a temporary cut in VAT on fuel bills this winter.

Latest updates: thinktank says plan would not help poorest least able to cope with rise in costs