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Tax and spending

IFS: Millions in Britain ‘face stealth tax raid’ under Liz Truss’s plans

Millions of households are facing a “stealth” tax raid under Liz Truss’s government despite her promise to support workers...

More concessions needed to fix UK’s reputation in markets, Kwarteng is told

Kwasi Kwarteng has been warned that further concessions on his mini-budget will be required beyond his U-turn on the...

Kwasi Kwarteng mulls more beneficial tax cuts for high earners

The government is considering a series of further tax cuts that could hand thousands of pounds to high earners,...

Kwarteng: UK economy must expect more tax cuts and deregulation

Liz Truss plans to radically reshape the UK economy with even more tax cuts and fewer regulations, her chancellor...

Truss’s go-for-broke gamble means Labour inherits economic mess if it wins election | Larry Elliott

L abour tends to come to power with the economy in poor shape. That was the case for...

Kwarteng accused of reckless mini-budget for the rich as pound crashes

Kwasi Kwarteng has been accused of delivering a reckless mini-budget for the rich after his £45bn tax-cutting package sent...

Kwasi Kwarteng’s mini-budget: key points at a glance

Opening remarks Kwasi Kwarteng says the government was never going to let households face soaring energy bills caused by...

Kwarteng scraps top 45% rate of income tax and cuts stamp duty

Kwasi Kwarteng has bet the government’s re-election in 2024 on the biggest tax cuts in 50 years after the...

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