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The Latest Breaking News from Tax Cuts

Jeremy Hunt’s scope for tax cuts hit by higher-than-expected borrowing

Government borrowed £120.7bn in the last financial year, with just under £12bn in March

The Guardian - UK

FTSE 100 hits record closing high again, despite BoE chief economist warning against cutting interest rates too soon – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Jeremy Hunt’s tax cut plans to face IMF scrutiny next month

Annual health check to examine whether tax increases or spending cuts will be needed after election

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Billionaires double wealth after tax cut

Billionaires now control 1 out of every 25 dollars of American wealth

Salon

Trump's Fundraising Dinner Promises Tax Cuts For Wealthy Donors

Record fundraising at Trump event highlights tax policy differences between Trump and Biden, focusing on benefits for the wealthy.

Top News

Labour plans £5bn crackdown on tax avoiders to close non-dom spending gap

Funding needed after Tories adopted Labour policy to pay for tax cuts will be used for school breakfast clubs and NHS

The Guardian - UK

Kansas Legislature Tackles Tax Cuts, Disability Services, And Immigration Issues

Kansas Legislature addressing tax cuts, disability services, immigration, and diversity issues before spring break.

Top News

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Wage review should consider tax cuts: retail bosses

The retail sector wants the workplace umpire to be more conservative as it considers the size of the next annual pay rise for millions of low-paid workers.

AAP

No surplus in sight as New Zealand outlook worsens

New Zealand Finance Minister Nicola Willis has pledged to deliver income tax cuts in the May 30 budget even as the government books worsen.

AAP

PM says minimum wage workers 'should not fall behind'

Lowest-paid workers should not be going backwards and worker pay rises are not at odds with moderating inflation, the prime minister says.

AAP

The Observer view on deprivation: poverty data is a mark of shame for Tory rule

Prioritising tax cuts for the better off while letting children bear the brunt of financial hardship is not only cruel, it makes no financial sense

The Guardian - UK

Search for Angus Taylor proves fruitless — new shadow treasurer needed

The opposition is flailing on economic and fiscal issues. It needs a shadow treasurer with some cut-through and political smarts.

Crikey

Austerity doesn’t just damage public services, it destroys faith in the future

Britain can’t afford the tax cuts announced in the budget

The Guardian - UK

Trump Suggests Tax Cuts To Offset Tariff Impact

President Trump addresses concerns about tariffs and suggests using tax cuts to offset negative impacts. Debate over tariffs and trade policy continues ami...

Top News

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Kiplinger

Wealth Transfer and Strategic Gifting Opportunities for 2024

Inflation adjustments to the gift and estate tax exemptions, along with the pending sunset of some tax cuts, make 2024 the year to dig into transfer strategies.

Top News

Senator Tim Scott Criticizes President Biden's Border Policies

Senator Tim Scott criticizes President Biden's immigration policies and praises Trump's tax cuts for boosting the economy. He emphasizes the need for stric...

The Guardian - UK

Labour steps up preparations to govern as Reeves attacks ‘unfunded’ Tory tax cuts

Shadow cabinet talk with Whitehall officials after Keir Starmer meets head of civil service

The Guardian - UK

How a Conservative budget failed to help women (again)

A single man would gain £346 from tax cuts, compared with £279 for a woman and just £85 for the typical lone mother

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The Guardian - UK

UK ‘fiscally offside’ by up to £60bn, Citi fears; house prices rise again – as it happened

Rolling coverage of the latest economic and financial news, as economist warns OBR productivity forecasts are much too optimistic

The Guardian - UK

Budget 2024: UK taxes head for highest level since 1948 despite Hunt’s NI cut

Borrowing and stealth taxes fund £14bn giveaway, but public spending squeeze looms after election

The Guardian - UK

Chancellor to raise UK government borrowing to fund budget measures – OBR

Office for Budget Responsibility says national insurance and tax cuts will be paid for by average £8bn-a-year borrowing to 2028-29

The Guardian - UK

Jeremy Hunt’s last budget before an election – but not his last roll of the dice

These latest tax cuts were not the gamechanger the Tories need before the election

The Guardian - UK

Sunak and Hunt’s last stand? Our panel responds to the Tories’ spring budget

Will the tax cuts at the heart of the chancellor’s make-or-break budget give his party any hope?

Salon

Trump's big con is a flop

Trump's only legislative accomplishment was a massive tax cut for the rich — and the results are now in

Top News

British Treasury Announces Tax Cuts Amid Election Pressure

British Treasury chief Jeremy Hunt plans tax cuts to boost Conservative Party's popularity before general election amidst economic challenges.

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