Tax Cuts ‘Radical But Realistic' Says Sunak

RISHI Sunak has defended plans to slash income tax by the end of the decade.

- Martyn Brown

His pledge to cut the basic rate from 20 per cent to 16 per cent within seven years was blasted as a U-turn and a “manana promise” by allies of Tory leadership rival Liz Truss.

But the former Chancellor laughed off the suggestion he was endorsing Treasury orthodoxy, telling BBC Radio 4’s Today he “ripped up the rulebook” as chancellor to implement the furlough scheme during the pandemic. He said: “Today, what you saw from me was an exciting, radical but realistic vision about how to cut taxes for working people over the coming years.