Rishi Sunak vows to make it his ‘mission’ to cut taxes on Brits by the next General Election in 2024
RISHI Sunak today declared he’ll make it his “mission” to cut taxes again before the next General Election. The Chancellor insisted he’s committed to reducing the amount paid by ordinary Brits as he hailed the UK’s recovery from Covid. Announcing his landmark Budget to the Commons this afternoon he pledged to build a “society that […]
RISHI Sunak today declared he’ll make it his “mission” to cut taxes again before the next General Election.
The Chancellor insisted he’s committed to reducing the amount paid by ordinary Brits as he hailed the UK’s recovery from Covid.
Announcing his landmark Budget to the Commons this afternoon he pledged to build a “society that rewards ingenuity”.
He said that he wants to see workers keep more cash in their pockets as the economy rebounds from the pandemic.
Rishi said: “As we look towards the future I want to say this simple thing to the House and the British people.
“My goal is to reduce taxes by the end of this parliament. I want taxes to be going down, not up.
“I want this to be society that rewards energy, ingenuity and inventiveness, a society that rewards work.
“That is what we believe on this side of the House, that is my mission over the remainder of this parliament.”
Read our Budget 2021 live blog for live updates
The Chancellor has previously suggested he wants to be in a position to announce tax cuts in the run up to the 2024 election.
To cheers from the Tory back benches he hailed what the Government is already doing to reduce the burden on Brits.
Touting his achievements in office, he boomed: “Fuel duty cut, air passenger duty cut, alcohol duty cut.
“The biggest cut to business rates in 30 years. Growth up, jobs up, wages up, public finances back in a better place.
“More investment in infrastructure, innovation and skills. A pay rise for over two millions people and a £2bn tax cut for the lowest paid.
“This budget helps with the cost of living. This budget levels up to a higher wage, higher skill higher productivity economy.
“This budget builds a stronger economy for the British people.”
Economic bounce back
In a landmark budget today the Chancellor swiped the nation’s credit card with a cash-splashing Budget of cheaper booze, Universal Credit boosts and minimum wage hikes.
He seized upon a roaring economic bounce back to announce “historically” high spending with more money for public services.
In a major win for Brits he announced measures to fix the delivery crisis, pour money into our World Cup bid and end the pay freeze for teachers and cops.
Mr Sunak gave a rosy picture of the nation’s economy by hailing rising employment, investment and wages.
He revealed the economy is now expected to recover fully from Covid by the end of the year, earlier than thought last March.
Most read in Money
Seizing on the positive outlook, he vowed to throw an arm around vulnerable families struggling with the cost of living with “historically high levels of public spending”.
But the Chancellor insisted we need to fix the roof while the sun is shining by getting the finances back on to a more even keel.
He unveiled strict new rules forcing him to cut borrowing and making it harder to splash the cash – “because this isn’t the government’s money, this is taxpayer’s money.”