The Conservative Party's manifesto aims to put tax cuts at the heart of the campaign.
British Prime Minister Rishi Sunak said that if re-elected, he would cut payroll taxes for workers to reignite economic growth further.
The twin shocks of the Covid-19 pandemic and energy price spikes have sent consumer prices up 21 per cent in three years. The tax burden has risen to its highest as a share of the economy since just after World War II, and failing public services have created a sense of malaise. “Things have not always been easy, and we have not got everything right, but we are the only party in this election with the big ideas to make our country a better place to live.”Under the plan launched on June 11 at the Formula One Silverstone racetrack in central England, where US actor Brad Pitt was filming, Mr Sunak said taxes would be cut by £17.2 billion a year by 2029 to 2030.
Mr Paul Johnson, director of the Institute for Fiscal Studies, described the tax cuts as “giveaways paid for by uncertain, unspecific and apparently victimless savings”.As part of the pledges, Mr Sunak said he would help the self-employed by abolishing their main National Insurance rate by the end of the next Parliament, a possible boost to 4.3 million people who make up around 13 per cent of all employment.
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