Osborne’s tax cut for top earners ‘cost £100 million’

George Osborne’s decision to cut the 50p tax rate for top earners has cost the Treasury around £100 million, according to an independent report. MORE

George Osborne budget


Call on David Cameron to act to protect our steel industry & recall Parliament

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Former Tory MP’s scathing Boris Johnson attack deepens party rift

Times columnist Matthew Parris shocks Tories by accusing London mayor of dishonesty, vacuity and veiled homophobia MORE

Johnson’s appearance in front of the Treasury select committee.

Parris was heavily critical of Johnson’s appearance in front of the Treasury select committee. Photograph: AFP/Getty Images

Tory party at war as Iain Duncan Smith allies slam ‘immoral cuts’

David Cameron and George Osborne were struggling to maintain a semblance of unity in the Tory party as allies of Iain Duncan Smith said he had quit the cabinet because he regarded their cuts to welfare as “morally indefensible”.Iain Duncan Smith

Iain Duncan Smith’s allies said he regarded cuts to welfare as ‘morally indefensible’. Photograph: Leon Neal/AFP/Getty Images

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