Tax Strategy Group papers hint at softer line on hospitality VAT cut but challenges on income tax

Biggest plus is that it avoids an all-out fight between the EU and US

Ministers add caveat that figures will be revised if tariff situation worsens

A bad outcome on US-EU tariffs would be the acid test of where Government priorities lie

Here’s what to look out for next week as the Government signals its big budget moves

As the US president puts pressure on the EU and again threatens pharma tariffs, the costs of his project are slowly appearing

Brussels feels it has already offered a lot of concessions to the US in tariff talks, so what else can now be put on the table?

Import tariffs will cost US households $2,400 this year, Yale research estimates. Sooner or later, the pain will start to bite

What are the key concerns to look out for as the vital transatlantic trade talks come to a head?

The EU must decide whether to sign a trade deal with Trump which still leaves it open for the US to attack key sectors

Talks are ongoing but the prospect of a full-blown trade war cannot be ruled out

Brussels will try to avoid all-out trade war with US, but faces agreeing tariffs deal tilted in Washington’s favour

A second child benefit option for less well-off households is under consideration and there could yet be once-off payments

Official documents seem to exist in some kind of parallel universe, with no expectation that targets can be met

Taxpayers will pay more as bands and credits are not adjusted to take account of inflation