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Households in Oxfordshire face 5% council tax rise

Households in Oxfordshire are facing a 4.99% council tax rise. The increase by the county council will add about ¬£82 a year to a Band D property and was agreed…

UK government has no intention of cutting taxes – Jeremy Hunt

Jeremy Hunt has warned it is “unlikely” that there will be room for any “significant” tax cuts in the Budget. The chancellor has been under pressure recently from some in…

UK publishes financial reform plan

Britain set out 30 measures to overhaul the financial sector on Friday, including a repeal of ‘burdensome’ EU rules the government says will unlock investment and maintain the City of…

–°hancellor announced basics of budget policy: taxes to increase, living standards to fall by largest amount on record

The chancellor has announced tens of billions in tax rises and spending cuts in the Autumn Statement – watch live reaction at the top of this page. Jeremy Hunt acknowledged…

New Chancellor reverses almost all mini-budget tax cuts

The government will reverse almost all the tax cuts it announced last month, Chancellor Jeremy Hunt has said. But Mr Hunt said the cuts to stamp duty paid on house…

Chancellor dashes home early from US amid tax U-turn chaos

Kwarteng has dramatically cut short his visit to the International Monetary Fund, flying home early from Washington in response to the mounting political crisis over his tax-cutting budget. Adding to…

Liz Truss is refusing to back down on tax-cutting

Liz Truss has admitted that she “should have laid the ground better” for the government’s tax-cutting mini-budget after the pound slumped to a record low. The prime minister said she…

Liz Truss justifies the chancellor’s risky moves amid likely crisis

The Labour leader, Sir Keir Starmer, has called for the recall of parliament to address the financial crisis. He urged the government to abandon the mini-budget measures which triggered the…