The Latest Breaking News from Tax Cuts

Inconveniently, there’s little evidence that the only thing standing between the UK and a thriving economic future is slashing taxes on corporate profits, says Carys Roberts, executive director of the Institute for Public Policy Research

Contest to succeed prime minister described by one Conservative politician as the ‘wacky races’

Frontrunners in the race to replace Boris Johnson are competing for the most outlandish tax slashing promises to woo Tory members

Former chancellor says curbing spiralling prices is ‘number one economic priority’

Two further TV debates will take place on Sunday and Tuesday

Amid a series of bruising exchanges, the international trade minister said the attacks showed ‘no-one wants to run against me’.

The four remaining candidates hoping to succeed Boris Johnson - Rishi Sunak, Liz Truss, Penny Mordaunt and Kemi Badenoch - have clashed over each other's records. We look at their stances on key issues

The ex-Chancellor made the embarrassing gaffe in the first public Tory leadership hustings - where his rival Liz Truss splurged tens of billions of pounds of spending in just over an hour

Always keen to be identified as the party of low taxation, the Conservatives won the 2019 general election on a promise not to raise income tax, VAT or national insurance. So last year’s national insurance increase was bound to rankle, even though it could feasibly be blamed on the huge…