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The Latest Breaking News from Tax Cuts

Liz Truss tax cuts could see interest rates hit 7 per cent, her own economic adviser admits

The Cardiff University professor also said he advocates ‘thinning out’ workers’ rights

The Independent UK

Tax cuts could be offered by Labour at next election, suggests shadow chancellor

In an interview with The Mirror newspaper, Labour frontbencher Rachel Reeves hit out at the Tory leadership contenders.

The Independent UK

National’s plan for New Zealand’s inflation crisis is merely tax cuts for the wealthy

Under Chris Luxon’s leadership, the best idea the National party can summon is welfare for the wealthiest New Zealanders

The Guardian - AU

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Labour could pledge tax cuts for millions at 2024 election, Rachel Reeves hints

Shadow Chancellor Rachel Reeves vowed to 'bring forward' ideas this October on top of Labour’s current cost-of-living package - which pledges up to £600 for the poorest over and above Tory help

Daily Mirror

EU legal action over Northern Ireland protocol is ‘disappointing’, says UK — Brexit live

Sunak has said tax cuts shouldn’t be fuelled by a ‘huge borrowing spree’

The Independent UK

If growth were just that easy, Liz Truss, why have the Treasury at all?

Rishi Sunak enters the last weeks of this leadership contest fighting on three fronts: over his tax hikes, with those who think he’s been disloyal and against Liz Truss. Many of the 200,000 Tory members will send their postal votes from early August. Time is against him.

Evening Standard

Conservative leadership race: Rival Tory camps trade blows ahead of critical weekend

Bombshell poll of Conservative members shows Liz Truss with 24-point lead over Rishi Sunak

Evening Standard

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Being ‘economical with the truth’ has a long history in British politics – but enough is enough

Liz Truss’s claim that tax cuts will reduce inflation are eerily reminiscent of Boris Johnson’s infamous style, says the Guardian columnist Simon Jenkins

The Guardian - UK

Tory leadership - live: Truss tax plans could force cuts to public services, warns Sunak ally

Sunak has said tax cuts shouldn’t be fuelled by a ‘huge borrowing spree’

The Independent UK

Liz Truss and Rishi Sunak fight over tax cuts as Blue-suited ghost of Thatcher looms

Former Chancellor Rishi Sunak insisted he was the heir to the Iron Lady as he sought to convince Tory members he believed in cutting taxes - while rival Foreign Secretary Liz Truss, who has pledged to slash taxes, was forced to deny she was modelling herself on Thatcher

Daily Mirror

Rishi Sunak steps up attack on Truss tax cuts as poll puts his rival well ahead

Former chancellor says opponent’s economic policies risk stoking inflation and pushing up interest rates

The Guardian - UK

Liz Truss’s tax and spending plans sow consternation among economists

Analysis: experts are lining up to warn that her policies will increase inflation and leave the UK with higher debt

The Guardian - UK

Tory leadership: Liz Truss’s tax cuts will damage public services and bust Treasury rules, economists warn

Race favourite’s economic credibility under fire – as she appears to be coasting to victory in vote by Tory members

The Independent UK

Tory leadership - live: Liz Truss opens up huge lead over Rishi Sunak in latest poll

A total of 62 per cent of surveyed Tory members said they’d vote for the foreign secretary to be PM

The Independent UK

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The Independent UK

Liz Truss defends £30bn tax cuts as ‘affordable’ in bid for No 10

Rival Rishi Sunak was understood not to be forecasting tax cuts until at least autumn next year.

Reuters

Analysis-Race for Downing Street drives tax policy split into UK Conservatives

Differences over how to revive Britain's slow-growth, high-inflation economy could hardly be starker within the ruling Conservative Party as the two remaining contenders to become its new leader, and thereby prime minister, clash over tax.

The Independent UK

Liz Truss tax cuts policy ‘ridiculous’ and risks 1970s-style inflation, economists warn

Experts reject Tory candidate’s claim tax cuts ‘will decrease inflation’ – and warn of austerity era ahead

The Guardian - UK

Sunak would not cut taxes before autumn 2023, in clear divide with Truss

Former chancellor would delay cuts until inflation under control, while rival has pledged immediate cuts

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news in one place.

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Evening Standard

Conservative leadership latest: Liz Truss and Rishi Sunak clash as real race begins

Truss pledges action on cost of living while Sunak vows to govern like Margaret Thatcher

Evening Standard

Liz Truss vows to ‘bulldoze through’ policies needed to save Britain from recession

The Foreign Secretary denied her proposed tax cuts of around £30 billion would worsen the cost-of-living crisis by fuelling inflation

The Guardian - UK

Soaring inflation pushes interest payments on UK debt to record high in June

Potential for future tax cuts narrows with budget deficit on course to top £100bn this year

The Guardian - UK

Tory leadership race: Rishi Sunak calls himself ‘common sense’ Thatcherite – as it happened

Former chancellor says UK ‘needs to control borders’ and again references Margaret Thatcher

Daily Mirror

Liz Truss breaks cover in eyebrow-raising interview as savage Tory blue-on-blue begins

The Foreign Secretary defended 'fantastic' Boris Johnson, admitted she has £30bn a year of unfunded tax cuts and drew battle lines with Rishi Sunak as she finally agreed to a broadcast interview - only after making the final two

Daily Record

Liz Truss claims tax cuts will not affect inflation as she battles Rishi Sunak over Thatcher legacy

Both candidates for the Tory leadership have attempted to cloak themselves in a Thatcherite mantle as promises of tax cuts become the dividing line in the six week campaign.

Daily Record

Boris Johnson attacks Rishi Sunak as he uses final PMQs to back Liz Truss on tax cuts

The Prime Minister had a final dig at the former chancellor during his final despatch box appearance in the Commons.

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