Tax Cut Cut

Today, the US and Iran have been exchanging strikes after hostiles were renewed in the Strait of Hormuz overnight. Over 80 sites in Iran were targeted by the US, prompting the Islamic Revolutionary Guard to target US military sites in Bahrain and Kuwait.Donald Trump, speaking at ...  Show more

Today, Chris speaks to Sir Keir Starmer, the prime minister, about the resignation of his defence secretary John Healey, his plans for the Defence Investment Plan, and whether or not he’ll fight a potential leadership election.You can now listen to Newscast on a smart speaker. If ...  Show more

After nine days of political pressure, chancellor Kwasi Kwarteng has u-turned on the government’s plan to abolish the top rate of income tax, saying he felt ‘humility and contrition’. So, what was the mood at the Conservative party conference as Kwarteng addressed his party? Plus ...  Show more

The UK government reversed course on a tax cut, Brazil’s president Jair Bolsonaro defied expectations in the first round of election voting, and Credit Suisse is trying to reassure investors that rumours about its financial health are overblown. Plus, the FT’s James Kynge tell ...

The Prime Minister has announced another U-turn in her government's tax-cut plan, in an effort to reassure financial markets. Liz Truss says she will reverse her plan to scrap an increase in corporation tax and admits the government's mini-budget had gone "faster and further" ...

Rachel Reeves has paved the way for potential tax rises. In a speech three weeks before the budget, the chancellor refused to commit to Labour’s manifesto promise to not raise National Insurance, income tax or VAT. With Nigel Farage also back-pedalling on tax cuts, is it time for ...  Show more