Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Sunak says no to tax cuts before next election – as he sets out ‘overriding priority’

by July 12, 2023
July 12, 2023
Sunak says no to tax cuts before next election – as he sets out ‘overriding priority’

Rishi Sunak has hinted there will be no tax cuts on offer from the government before the next general election, as his party faces three by-elections next week.

A number of Conservative backbenchers have been pushing the prime minister for reductions to a range of levies – including corporation tax, income tax and fuel duty.

But asked about his tax plans by reporters during the NATO summit in Lithuania, Mr Sunak said cutting inflation was the “overriding priority” that took “precedence over everything else”.

The prime minister said he and Chancellor Jeremy Hunt were “completely united in wanting to reduce taxes for people” – adding: “Of course we are, we’re Conservatives. We want people to be able to keep more of their own money.

“But the number one priority right now is to reduce inflation and be responsible with government borrowing. That is absolutely the overriding priority. That takes precedence over everything else.

“Given the context we face, we are going to make sure we bring inflation down and we don’t do anything to make the situation worse or last longer. That is our overall approach.”

Mr Sunak’s comments come as his party prepares for three ballots next Thursday, with predictions looking gloomy for the Tories.

Rishi Sunak and Italy’s Prime Minister Giorgia Meloni react ahead of a social dinner during the NATO summit
One of the constituencies up for grabs, Uxbridge and South Ruislip, used to be served by former prime minister Boris Johnson, who quit as an MP last month after a committee found he had lied to parliament over lockdown-breaking parties in Downing Street.

The second seat, Selby and Ainsty, was vacated by Mr Johnson’s close ally Nigel Adams – soon after reports he had been lined up for a peerage but rumours the nomination was blocked by Number 10 to avoid a by-election.

And the third, Somerton and Frome, became empty when former Tory MP David Warburton resigned following accusations of sexual harassment and drug use – allegations he denies. He has since been granted an appeal to the findings of an investigation into his conduct.

Both Labour and the Liberal Democrats have been campaigning relentlessly in the three areas and both believe they have a good chance of unseating the Conservatives.

Mr Sunak said midterm ballots “are always difficult” for serving governments, but he believed he had set the right course from Downing Street.

“Clearly the circumstances for these by elections are obviously challenging,” he said.

“When I was out talking to people, the message I heard loud and clear … was focus on the things that matter to people and make a difference to them.

“Whether that’s getting inflation under control, halving it, whether that’s tackling NHS waiting lists, stopping the boats … and local issues … putting more police officers on the streets, tackling rural crime, which is what exactly we’re doing.”

Pointing to his five priorities again, the PM added: “Of course I know things are tough – I can see that, I talk to people about it every week. I always knew it was going to take some time to improve things. But it doesn’t mean the course we’re on is the wrong one.

“Is inflation more persistent than people expected? Yes. When I set that target [to halve inflation] lots of people said it was too easy. I didn’t think it was gonna be too easy, I knew inflation was going to be a challenge.

“I don’t hear anyone saying those aren’t the right priorities to focus on. I think people just wanna see them delivered. I totally get everyone would like to see that happen as soon as possible. These things are gonna take time, [they are] not easy. They’re absolutely the right priorities and I’m giving it everything I got.”

Read more:
Sunak says no to tax cuts before next election – as he sets out ‘overriding priority’

0
FacebookTwitterGoogle +Pinterest
previous post
UK security minister announces fraud crackdown
next post
Late Payment Crisis still plagues UK SMEs with 43% struggling to get paid on time 

You may also like

5 Ways to Wear Kashmir Blue Sapphire Jewelry

November 7, 2022

Uber Drivers Offered Significant Discounts on Kia Electric...

May 20, 2024

Childcare costs ‘soaring by £600-plus a month’ as...

September 28, 2023

UK inflation rate falls to 3.9%

December 20, 2023

HSBC Fined £6.2 Million for Mishandling Customers in...

May 23, 2024

Nearly 3 in 10 find essentials difficult to...

August 17, 2023

Huge boom in over 50 year old entrepreneurs...

March 12, 2024

Chinese House Prices Plunge at Fastest Rate in...

June 18, 2024

Finding your favourite casino game

December 14, 2023

Why Is Enterprise SEO Essential for Businesses?

August 4, 2022

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • A Disappointing Supreme Court Decision Weakens Online First Amendment Protections

      June 27, 2025
    • Brazil’s Supreme Court Rewrites the Rules to Censor Online Speech

      June 27, 2025
    • Trump secures record-shattering $1.4B for political war chest; will be ‘dominant force’ for GOP in midterms

      June 27, 2025
    • Trump says ‘big, beautiful’ bill ‘must’ meet deadline as some Republicans waver

      June 27, 2025
    • Friday Feature: Savannah Legacy Academy

      June 27, 2025
    • The Supreme Court Is Right on Reading Opt-Outs, But That’s Not Enough

      June 27, 2025

    Categories

    • Business (8,329)
    • Investing (2,081)
    • Politics (15,837)
    • Stocks (3,174)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved