Sunak Seeks to Turn Tide on Labour With Tax-Cutting Offer (2)

June 11, 2024, 12:12 PM UTC

Prime Minister Rishi Sunak put tax cuts at the center of the Conservative election manifesto as he sought to forge a dividing line with the Labour opposition and turn around his party’s fortunes in national polls ahead of the July 4 general election.

The core policy pursued by the Tories if they win will be a 2 percentage-point cut in the national insurance payroll tax — identical to the measure deployed by Sunak’s chancellor, Jeremy Hunt, at the past two major fiscal events, with little effect on the Conservatives’ standing with the electorate.

WATCH: “I’m not blind to the fact that people are frustrated with our party and frustrated with me,” Sunak said. Source: Bloomberg

“I’m not ...

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