Watched by wife Akshata, Rishi Sunak is trying to get his election hopes back on track with a bold package to ease the sky-high burden on Brits.
Rishi Sunak rolled the dice with £17billion of 'Thatcherite' tax cuts today as he unveiled the Tory manifesto.
But he said the 76-page manifesto laid out a 'moral mission' to put money back in people's pockets - pleading with voters not to give Keir Starmer a 'blank cheque'. It says that NICs will be abolished altogether for four million self-employed over the next Parliament. Keir Starmer has already admitted Labour will not match tax cut promises, branding it a 'Jeremy Corbyn-style manifesto' full of uncosted promises. Speaking at the Silverstone race circuit after a torrid campaign blighted by his D-Day bungle, Rishi Sunak joked it was the perfect place to demonstrate that the economy had 'turned a corner'
'We believe that it is morally right that those who can work do work, and hard work is rewarded with people being able to keep more of their own money.2p cut in National Insurance Contributions , along with ambition to eventually abolish the 'second tax on jobs'. NICs to be abolished for the self-employed.Family Home Tax Guarantee, pledging no increase in stamp duty or capital gains tax on the family home and no new council tax bands or revaluations.
Introduce National Service for all 18-year-olds that will see them either do a year in the military or weekend unpaid work.Triple Lock Plus to raise personal allowance for pensioners to ensure the basic state pension is never hit by income tax.Increase the minimum tariff for murders in the home from 15 years to 25.A fund of £8.3 billion to 'fill potholes and resurface roads'The PM added: 'Keir Starmer takes a very different view.
'As the next step in that plan, we will cut employee national insurance to 6 per cent by April 2027 – meaning that we will have halved it from 12 per cent at the beginning of this year, a total tax cut of £1,350 for the average worker on £35,000. The manifesto commits to returning the civil service to its pre-pandemic size to 'pay for our commitment to increase defence spending to 2.5% of GDP'.
Mr Sunak said critics were wrong to 'write me off' and vowed to fight 'until the last day of the campaign' to keep Sir Keir Starmer out of No 10. They will need a mortgage for 75 per cent of the outstanding cost, with the Government and developers lending the rest at a discount. Mr Sunak has pledged to be 'the party of Margaret Thatcher' - 'a party, unlike Labour, that believes in sound money'
Amid rising Tory alarm about the fallout from the D-Day row, Mr Sunak said: 'Well, the last thing that I wanted to do was cause anyone any hurt or offence or upset, which is why I apologised unreservedly for the mistake that I made.
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