Sunak’s Bold Gamble: Can the Tory Manifesto Tax Cuts Revitalize His Campaign?

Will the Tory Party manifesto reinvigorate Sunak's electoral efforts?

Tuesday, June 11, 2024, 18:51, UK

Rishi Sunak has unveiled the Conservative Party's campaign manifesto, pledging to cut taxes as a strategy to rejuvenate their struggling electoral campaign.

Speaking at the venue of the British Grand Prix, the prime minister announced plans for £17 billion in tax reductions. These cuts include a 2p reduction in national insurance, complete elimination of this tax for self-employed individuals, and the introduction of a "triple lock plus" system to prevent taxation on state pensions.

The Conservatives plan to fund the initiatives by overhauling the welfare system, aiming to cut costs by approximately £12 billion. The remaining £5 billion is expected to be sourced from tightening measures against tax evasion and reducing expenditures on the civil service and consultancy fees.

Can this move significantly improve the prospects of the Conservative Party?

Today on the Daily, Niall Paterson delves into the statistics alongside Sky's economics and data editor Ed Conway, while political communications strategist Jo Tanner analyzes the Conservatives' strategy with their latest manifesto. Additionally, Sky News' political correspondent Darren McCaffrey explores the potential impact of these developments on the upcoming election.

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