Tag: tax cuts
World
Tax cuts pledge: Liz Truss acknowledges disruption
After the mini-budget, Prime Minister Liz Truss acknowledged there had been "disruption" in the UK economy.She declared in a letter to The Sun that...
World
Autumn storm clouds are thickening thanks to Truss and Kwarteng’s mini-budget
For more than six decades, some of the UK's most devastating economic events have happened under an autumn cloud. Is history repeating itself?
The poet...
Business
After the decline of the pound, the bank will “not hesitate” to boost interest rates
The pound hit a record low versus the US dollar, prompting the Bank of England to declare that it will "not hesitate" to raise...
World
UK: Cost of government borrowing surges
The cost of UK government borrowing increased again to the greatest level since 2008 amid the financial crisis as a result of the falling...
World
Government borrowing to give tax cuts to the wealthy says labour
Chancellor Kwasi Kwarteng is accused of squandering a chance to lay out a "real response to the cost of living problem" by Labour's Shadow...
World
Kwesi Kwarteng declines to comment on the decline of the pound
Let's head back to London now, the chancellor has declined to comment on reports that the pound hit an all-time low after his mini-budget.Approached by...
Business
Mini-budget: The critical announcements from the chancellor at a glance
The key announcements in Chancellor Kwasi Kwarteng's mini-budget: stamp duty, energy bills, and alcohol duty.
Here are the key points from Chancellor Kwasi Kwarteng's mini-budget...
World
Tax cuts are welcomed by most Tory MPs, but not all of them
Some members of the Conservative Party appear to have embraced Kwasi Kwarteng's tax-cutting proposals.Beth Rigby, the political editor for Sky, has spoken with some...
World
Chancellor Kwasi Kwarteng pledges to end ‘cycle of stagnation’ in mini-budget
As he announced his mini-budget, Chancellor Kwasi Kwarteng promised to "turn the vicious cycle of stagnation into a virtuous cycle of growth."He is proposing...