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Tax and spending

Austerity could be more difficult this time round, says Lord King

Average earners, rather than the wealthy, will be required to pay significantly higher taxes to finance higher public spending...

Hunt rips up almost all of mini-budget and scales back energy help

Jeremy Hunt has ripped up almost all of Liz Truss’s disastrous mini-budget, scrapping virtually all of the announced tax...

UK investors brace for another week of market turbulence

City investors are bracing for a week of renewed choppy trading in UK financial markets as Liz Truss’s government...

Jeremy Hunt says difficult decisions ahead after Truss ‘mistakes’

The new chancellor, Jeremy Hunt, has spoken of “mistakes” made by the Liz Truss administration and predicted “difficult decisions...

Liz Truss to raise corporation tax in another humiliating U-turn

Liz Truss has performed a humiliating U-turn over her flagship plan to cut corporation tax, as she insisted she...

Poorer families risk £1,000 hit from earnings-related benefits rise

If the government raises benefits in line with earnings rather than inflation next year, it would drastically cut the...

Liz Truss’s economic plans are more anti-growth than those of her critics | Richard Partington

S omewhere on the roads into north London, the suburbs turn into streets lined with the townhouses of the...

OBR forecasts likely to show £60bn-£70bn hole after Kwarteng’s mini-budget

Kwasi Kwarteng has been handed independent forecasts on the state of the UK finances that are expected to show...

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