Rishi Sunak on Income Tax Cut: The race is on for the next leader of the Conservative Party in Britain and the British PM. Indian-origin Rishi Sunak is trailing Liz Truss in this race. He had recently accepted this too. Meanwhile, Rishi Sunak, who is trailing in the race for the post of UK PM, has made a big bet. In the midst of the race for the post of PM, he has promised a 20 percent cut in income tax in 7 years.
Earlier, the former UK finance minister had stuck to his point of not cutting personal tax. Recently, Sunak reiterated his point of not cutting personal taxes and said that he would like to avoid adopting any policy like cutting tax immediately.
Rishi Sunak’s new bet?
Rishi Sunak, who is in the race to become Britain’s next prime minister, has talked about taking steps to reduce personal taxes by 20 percent within 7 years, which he describes as the biggest cut in income tax in three decades. Sunak said he would reduce the base rate in pounds from 20p to 16p. This announcement could prove to be important in the race to replace Boris Johnson. Postal ballots from 175,000 Conservative Party grassroots members were received on Monday to choose Sunak or Liz Truss as the party’s next leader and prime minister.
What did Rishi Sunak say earlier?
Rishi Sunak had said that first of all, I will never reduce taxes in such a way that only increases inflation. Secondly, I will never make promises that I cannot pay for and thirdly, I will always be honest about the challenges we are facing. Sunak repeatedly told Liz Truss’s tax reduction plans a fairy tale. Sunak also accused Foreign Secretary Truss of being dishonest with voters. Who will be the PM of Britain, it will be decided on 5 September.
read this also:
UK PM Race: Will Rishi Sunak’s defeat be considered a victory for racism in Britain? Know what he himself said on this question
UK PM Race: Rishi Sunak got a shock in the race for the post of UK PM, Liz Truss now got the support of this veteran