Sunak is on a ‘mission’ and pledges national insurance cut – London Business News | Londonlovesbusiness.com

The Prime Minister has vowed to reward workers with a national insurance cut in a “mission” to lower taxes.

Rishi Sunak announced the 2p cut as part of the Conservative Party manifesto, he also pledged to cut the welfare bill.

Sunak is on a “moral mission” and by cutting the welfare bill this will pay for a third reduction on “double tax” for workers.

The Prime Minister has warned that the Labour leader will “take more of your money” and Sunak also pledged to abolish stamp duty for first time buyers.

Sunak has vowed to introduce interest free loans for developers to help first time buyers to get on property ladder.

Sunak is expected to say, “We Conservatives have a plan to give you financial security. We will enable working people to keep more of the money you earn because you have earned it and have the right to choose what to spend it on.

“Keir Starmer takes a very different view. He says he’s a socialist, and we know what socialists always do: take more of your money.

“And we know that the plans Labour have already announced will require them to increase taxes on working households by £2,094.

“We Conservatives have had to take difficult decisions because of Covid. But we are now cutting taxes for earners, parents and pensioners.

“We are the party of Margaret Thatcher and Nigel Lawson, a party, unlike Labour, that believes in sound money.

“In this party, we believe that it is morally right that those who can work do work, and that hard work is rewarded with people being able to keep more of their own money.

“We will ensure that we have lower welfare so we can lower taxes.”