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Canary Wharf business district in London

UK budget think tank warns future PM against big tax cuts

Britain's next prime minister will not have room to make large, permanent tax cuts, the Institute for Fiscal Studies said on Thursday, challenging the plans of the two Conservative candidates vying to succeed Boris Johnson as prime minister.
The German government says the drop in the sales tax on gas will outweigh a surcharge gas companies can apply

Germany to lower tax on gas to help consumers

Chancellor Olaf Scholz said on Thursday that Germany would temporarily slash the sales tax on gas to help consumers facing soaring bills amid a crunch in Russian energy supplies.