UK PM Rishi Sunak Pledges Tax Cuts Funded by Welfare and Spending Cuts
Sunak's pledge sets up a clear contrast with the Labour Party's proposed tax rises, sparking mixed reactions within the Conservative Party.
- UK Prime Minister Rishi Sunak has pledged to cut taxes before and after the upcoming general election, funded by curbing benefits and government spending.
- Sunak's comments suggest that the Conservative Party's election manifesto will commit to further tax cuts, with a focus on levies 'on work'.
- Sunak has hinted at a potential income tax cut in the March 6 Budget, which could be partly funded by further welfare reforms.
- Sunak's tax cut pledge has been met with mixed reactions, with some Conservative backbenchers welcoming the move, while others have expressed disappointment over the lack of focus on inheritance tax.
- Sunak's comments have set up a clear contrast with the Labour Party, which has proposed concrete tax rises, including scrapping non-dom status and adding VAT to private school fees.