Rishi Sunak pledges ‘radical’ tax cut and attacks Liz Truss
Sky News says Rishi Sunak is promising a “radical” change if he becomes prime minister by cutting the basic rate of income tax from 20p in the pound to 16p by the end of the next parliament.
In his latest pitch to Conservative Party members, the former chancellor claims the 20% reduction would be “the largest cut in income tax for 30 years”.
Mr Sunak says it will be funded by “additional tax receipts generated by forecast economic growth”, promising to not increase government debt to cover the cost.
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