Truss's tax cuts have been repeatedly criticized by Sunak as weaving "fairy tales" and short-sighted debts to leave children and grandchildren. Her supporters have used the topic to express that they are happy to see Sunak once again "hairpin bend" and promise to cut taxes, but unfortunately he did not do so during his tenure as treasurer.
(Central News Agency) Britain's ruling phone database Conservative Party leader election, party members can start voting this week. One of the candidates lagging behind in party polls, former Chancellor of the Exchequer Rishi Sunak (Rishi Sunak) today (31st British time) launched a tax cut policy, which is obviously different from his original policy of controlling inflation first, reducing the deficit and then cutting taxes. Sunak announced that if he is elected as the leader of the party, that is,
the new prime minister of the United Kingdom, he will reduce the basic income tax rate from 20% to 16% before the end of the next parliament; the tax reduction is equivalent to 20%, which is nearly 30%. largest in years. The current term of the British Parliament should end in December 2024 at the latest, and the general election is also expected to be held in the same year. The term of Congress is up to 5 years, which means that the next general election will be held in 2029 at the latest. Therefore, Sunak’s tax cuts will be implemented for up to 7 years (2022-2029) from this year.