Rishi Sunak denies income tax bonfire is his last resort - The Times

Rishi Sunak has denied that his promise to cut income tax to 16p is a last-gasp attempt to rescue his leadership campaign.

The former chancellor pledged to reduce the basic rate by 4p within seven years, a move that supporters of Liz Truss have labelled a U-turn. Supporters admit that it is a last throw of the dice before Conservative Party members start voting today.

Sunak said that Truss was “sticking with the failed orthodoxy of the last ten years” and insisted that his plan was radical and different. He previously called Truss’s tax-cutting plans immoral and warned Tory members not to vote for “comforting fairytales” before announcing a plan last week to reduce VAT on energy bills.

The income tax cut would cost £18

Adblock test (Why?)

https://news.google.com/__i/rss/rd/articles/CBMifmh0dHBzOi8vd3d3LnRoZXRpbWVzLmNvLnVrL2FydGljbGUvdG9yeS1sZWFkZXJzaGlwLXJhY2UtcmlzaGktc3VuYWstcHJvbWlzZXMtYW4taW5jb21lLXRheC1ib25maXJlLWFzLWJhbGxvdHMtZ28tb3V0LXQwY3diczhtNtIBAA?oc=5

2022-08-01 08:30:00Z
1507357746