Tag: tax cuts
World
‘The PM is in charge’, says Hunt – who wants to hold on to as many of her tax cuts ‘as possible’
Meanwhile, new Chancellor Jeremy Hunt has been speaking to the BBC on his second day on the job.He said "actions speak louder than words"...
World
‘We are going to do things differently,’ PM declares
Prime Minister Liz Truss has released a comment piece she wrote for The Sun on Sunday, in which she calls it a "wrench" that...
World
Truss says she ‘acted decisively’ and in ‘national interest’
Liz Truss says she "acted decisively" as her first consideration is what is in the national interest.Asked why she should stay as prime minister...
World
‘Changing the chancellor doesn’t undo the damage that’s been done’ – Reeves
Labour MP Rachel Reeves has spoken out since the news that Kwasi Kwarteng has been sacked by Liz Truss as chancellor. Ms Reeves says that...
Business
Pound rising on reports of a mini-budget U-turn
The pound has gained as speculation about a possible U-turn on the mini-budget has increased.On Friday morning, sterling was trading above $1.13 versus the...
World
Senior Tory MPs pressuring Liz Truss to reconsider tax cuts
Some senior Conservative MPs have said that the government may need to reconsider its tax-cutting proposals in order to calm the financial markets and...
World
David Davis: Thatcher would never have tried to cut benefits amid cost of living crisis
Margaret Thatcher would never have tried to cut benefits amid the cost of living crisis, Conservative former minister David Davis has said.Speaking to BBC...
Features
Will markets have more confidence as government moves away from denial stage?
It's hard to think of another episode like this. There have been budget U-turns before, but it's hard to think of any which came...
World
Kwasi Kwarteng changes his mind about a 45-cent tax rate
The chancellor stated that the government has changed its mind about wanting to eliminate the 45p income tax rate.Kwasi Kwarteng told the BBC the...
World
Labour: Truss refusing to understand people’s ‘anxiety and fear’
Labour's shadow chancellor, Rachel Reeves says, the government's economic plan won't result in annual growth of 2.5%.Liz Truss, according to Ms. Reeves, does not...
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