Do Tory leadership rivals' tax pledges add up?
Carl Emmerson, the IFS deputy director, said cuts to personal taxes such as NI "certainly won't be paying for themselves". He said while such tax cuts would put "more money in people's pockets", they risked contributing to inflation.The tax rate is currently 19% but it is due to increase to 25% in April 2023.However, the IFS points out that doesn't take into account whether lowering tax could lead to increased investment by companies.
Ms Truss has said she is still committed to the net zero target, so is likely to have to fund the projects another way. He launched his leadership bid, saying: "Once we have gripped inflation, I will get the tax burden down. It is a question of 'when', not 'if'."
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Return to 'Thatcherism' as Sunak and Truss battle to win to over Tory members' supportRishi Sunak and Liz Truss are bidding for the support of Tory party members after making the final ballot in the contest to be PM, with pledges of a return to Thatcherite values.
Read more »
Liz Truss's economic vision remains popular with Tory membersNewsnight's policy editor lewis_goodall examines Rishi Sunak and Liz Truss' plans for dealing with the cost-of-living crisis, and how they embody different aspects of Thatcherism
Read more »
i morning briefing: The Tory contest ramps up a notch - and how Mordaunt might exact revenge📨 i morning briefing: The Tory contest ramps up a notch – and how Penny Mordaunt might exact revenge . 📬 Sign up to our Early Edition newsletter here ⬇️
Read more »
Douglas Ross branded a 'coward' for not endorsing a Tory leadership candidateThe Scottish Conservatives leader previously called for Boris Johnson to quit Downing Street but he has remained tight-lipped on who should be the next PM.
Read more »
The Tory leadership race and Britain’s growth challengeBoosting Britain’s feeble growth will require an honest assessment of what the country does well, not just where it lags behind. That may seem head-smackingly obvious. But it needs saying
Read more »