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THE TRUTH ABOUT: 26 | History Defined

OPINION - Tax cuts in this economy? This Tory obsession is a fiscal scorched earth strategy aimed at Labour

How can a nation that has enjoyed no productivity growth in 15 years, is still reeling from the economic shocks of Brexit, Covid and Russia’s full-scale invasion of Ukraine and where debt is equivalent to 100 per cent of GDP, afford sweeping tax cuts? The short answer is: it can’t.…

Evening Standard

Sunak to cut taxes twice more before election, says Tory chair

Richard Holden signals further cuts likely as he plays down polls showing party trailing Labour

The Guardian - UK

Britain faces a 'nasty combination' of high tax and tight public spending after the next election, experts warn

Britain faces a “nasty combination” of high tax and tight public spending after the next general election, leading economists warned on Friday as doubts grew over Jeremy Hunt’s room for Budget giveaways.

Evening Standard

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The endgame looms for Sunak and the Tories. ‘Rwanda’ will be the epitaph on their political grave

If he has any concern for his reputation, the PM will shelve this doomed mistake and do everything to rescue public services, says Guardian columnist Simon Jenkins

The Guardian - UK

Labour and Tories need to be honest about economic trade-offs, says IFS

Thinktank calls on parties to ‘level’ with voters about difficult tax and spending decisions before next election

The Guardian - UK

Excited for a tax cut? Don’t be. All it means is more austerity for Britain

Yes, the tax burden is high. But the chancellor should note the electorate is far more concerned with the state of public services, says Duncan Weldon

The Guardian - UK

Head of OBR says lack of budget details led to ‘work of fiction’ forecasts last year

Richard Hughes criticises lack of information from government about public spending plans

The Guardian - UK

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Eye-watering taxes are a problem for the Tories – and an even bigger one for Labour

After 13 years of Conservative rule, many voters simply resent taxes, now that they no longer mean better public services, says the political economist William Davies

The Guardian - UK

Tax cuts are tempting, but Hunt must act for the long term

City Comment: Long after the dust has settled on the election, the Chancellor will be judged on whether he delivered a responsible and sustainable Budget

Evening Standard

Rishi Sunak sidesteps question over whether campaign against Houthis will be ‘prolonged’ – as it happened

Prime minister tells MPs no decision has been taken ‘to embark on sustained campaign’ as SNP questions how successful strikes will be

The Guardian - UK

Jeremy Hunt has room for £20bn tax cuts after borrowing halves year on year

December deficit is less than expected at £14bn – the lowest for the month since 2019

The Guardian - UK

Hundreds of millions of pounds extra investment needed in Tata steel, Welsh economy minister warns – as it happened

Rolling coverage of the latest economic and financial news, as steel workers head to parliament to press MPs over job cuts at Port Talbot

The Guardian - UK

A new 'Lawson boom'? No thanks, I remember the first one

City Comment: The reforms Jeremy Hunt wants to recreate brought a recession, soaring interest rates and boom-and-bust house prices

Evening Standard

UK super-rich would be ‘bored to death’ in tax havens – survey

Interviews with top earners reveal many are too attached to UK’s cultural institutions and fear stigma surrounding economic migration

The Guardian - UK

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The Guardian - UK

Gordon Brown calls for overhaul of benefits system as study reveals ‘crisis’

Exclusive: Jeremy Hunt urged to act over report showing poorest families spend 63p in each £1 on food and energy bills

The Guardian - UK

Conservatives in chaos: is there a path to recovery for Rishi Sunak before next election?

The Rwanda shambles, critical byelections and a likely mauling in local polls in May, the PM’s troubles are mounting. Tory optimists do see a way to win, but admit it is narrowing

The Guardian - UK

Jeremy Hunt claims Nigel Lawson’s mantle as he teases tax cuts

Hunt draws comparisons with Thatcher’s tax-slashing chancellor as he claims UK is ready for economic boom

The Guardian - UK

The Guardian view on the Tory low tax, free trade pitch: a hard sell in a world that needs neither

Editorial: Jeremy Hunt has an almost religious belief that the invisible hand of the market works – even when it punches Britons

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The Guardian - UK

Casting their shadow: how Trump, Putin and AI dominated talk at Davos

Neither man was present at World Economic Forum where Labour impressed global business chiefs

Evening Standard

What time is the Spring Budget 2024? All eyes on the Chancellor on Wednesday

The chancellor is about to outline the main tax changes for the year ahead

The Guardian - UK

Retail slump raises spectre of recession as Hunt looks more Truss-like by the day

Surprise fall in December sales damages chancellor’s claims that UK economy is on right track

International Business Times UK

Unexpected Surge in UK Inflation Poses Challenges for Bank of England's Monetary Policy

The United Kingdom experienced an unexpected rise in inflation to 4.0 per cent in December, marking the first increase in the past 10 months.

Evening Standard

Jeremy Hunt drops new pre-election Budget tax cut hint

He said the 'direction of travel' is for the UK to emulate successful low-tax economies

The Guardian - UK

Jeremy Hunt hints at voter-friendly tax giveaway in March budget

With polls predicting electoral disaster for Tories, chancellor says ‘economy would be more successful if we had more competitive taxes’

The Guardian - UK

Davos day three: Hunt says West must talk to China over AI; Red Sea disruption hitting global trade growth, WTO warns – as it happened

Rolling coverage from the World Economic Forum in Davos

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