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The Latest Breaking News from Tax Cuts

UK's Hunt Pushes For Tax Cuts Amid Trillion Debt

UK Chancellor faces pressure to deliver tax cuts amidst trillion debt, balancing recovery and debt management.

Top News

Tax cut changes to be put to test as by-election looms

Controversial tax cuts will be front of mind for by-election voters as they prepare to go to the polls just days after the passage of the reforms.

AAP

Deal allows police to march in parade – as it happened

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The Guardian - AU

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Budget 2024: Jeremy Hunt considers new vaping tax and NI cut

Levy on vapes could make them unaffordable for children, as IFS warns over unfunded tax cuts

The Guardian - UK

Aussies to keep more of what they earn as tax cuts pass

Low and middle income earners are guaranteed bigger tax cuts after changes championed by Prime Minister Anthony Albanese cleared federal parliament.

AAP

Jeremy Hunt warned not to spook markets with unfunded budget tax cuts; US consumer confidence drops – as it happened

Rolling coverage of the latest economic and financial news, as ING warn the pound could fall by 2% if chancellor misreads the mood of bond investors

The Guardian - UK

Jeremy Hunt’s ‘dubious’ financial planning lacks credibility, says IFS

Chancellor should resist temptation to announce unfunded tax cuts in March budget, advises leading thinktank

The Guardian - UK

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Guardian Essential poll: Coalition leads for first time since election as Anthony Albanese’s trust ratings tumble

Exclusive: Labor’s change of position on stage-three tax cuts appears to have hit the prime minister’s personal favourability

The Guardian - AU

Tax brawl firms up as parties push for more relief

The coalition has flagged a tax policy that would let people keep more of what they earn if elected as it prepares to support Labor's revamped reforms.

AAP

‘Everything is so expensive’: tax cuts, cost of living and the battle to win the Dunkley byelection

Early voting may be slow but political analysts say the Melbourne electorate’s mood may be an indicator for Australian politics as a whole

The Guardian - AU

Texas launches new property tax incentive program to lure new businesses

The Jobs, Energy, Technology, and Innovation program cuts property taxes for new manufacturing, research and development facilities. It replaces a shuttered program criticized for its impact on school finance.

The Texas Tribune

Keep talking about stage three tax cuts. A turd rolled in glitter is still a turd after all!

The fact Gina Rinehart and well-paid FIFO workers are in the same tax bracket is insane. Labor made the cuts fairer, but it’s not suddenly a champion of progressive tax reform.

Crikey

Jeremy Hunt handed tax boost as UK posts record monthly budget surplus

Analysts say figures give chancellor slightly more leeway for tax cuts before general election

The Guardian - UK

FTSE 100 Live 21 February: UK in record budget surplus, HSBC disappoints despite $30bn profits

HSBC, BAE Systems and Rio Tinto are among the heavyweight London-listed stocks in the spotlight today.

Evening Standard

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Crikey

Labor highlights tax cuts in Dunkley campaign, while Liberals go after Albo

Liberal ads in Dunkley tend to focus on small businesses. But a conservative lobby group supporting the party has taken a more aggressive tactic.

The Guardian - UK

The first step to our economic liberation is to tear up these crippling fiscal rules

How are we to get out of this recession if not through investment, investment, investment?

The Guardian - UK

Sunak is warned spending squeeze could lead to Conservative party wipeout at election

As fresh party infighting erupts after two byelection losses, the right are targeting public service funding to pay for tax cuts while others urge restraint

The Guardian - AU

Australia news live: Taylor Swift shows to go ahead at Sydney Olympic Park after no asbestos found – as it happened

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AAP

Tax cuts aimed squarely at regions, PM declares

Prime Minister Anthony Albanese says Labor's revamped stage three tax cuts will largely benefit working Australians from the bush.

The Guardian - UK

Tory MPs warn Sunak veering further right would be ‘politically disastrous’

Leading members of party’s One Nation caucus caution against any ‘attempt to become the Reform party’

The Guardian - UK

Rishi Sunak warned against fresh austerity drive to finance tax cuts

Unions outraged as Jeremy Hunt said to be considering cutting public spending to balance books in next month’s budget

The Guardian - UK

Jeremy Hunt ‘considering spending cuts’ to fund pre-election tax giveaway

Treasury looking at reducing projected rise in public spending from 2025, FT reports citing insiders

The Guardian - AU

Australia’s economy likely to slow until stage-three tax cuts, lower interest rates and easing inflation kick in, CBA says

Spending tipped to moderate until households start getting some relief in the middle of the year, CommBank chief economist says

AAP

Revamped income tax cuts clear their first major hurdle

Taxpayers earning under $150,000 are in line for a greater tax cut, after the Albanese government's overhauled income tax package cleared the lower house.

Top News

UK's Hunt eyes public spending cuts to fund tax cuts

The Financial Times reports that the UK's Chancellor of the Exchequer, Jeremy Hunt, is considering further reductions in public spending to finance tax cuts.

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