The Prime Minister vowed to lop a further 2p off the main rate by 2027. In a surprise announcement, he also promised to completely abolish the main rate of self-employed national insurance to reward "risk takers" who set up their own businesses.
The tax-cutting package, which also includes changes to child benefit, pensioners' triple lock plus, and moves to help home buyers get onto the property ladder, was expected to total £17.2 billion by 2029/30.
Mr Sunak was set to say: "We are now cutting taxes for workers, parents and pensioners."
Unveiling his manifesto at the Silverstone race circuit, near Northampton, Mr Sunak sought to put clear blue water between his party and Labour after his campaign was knocked off track by his D-Day 80th anniversary blunder of not staying in France for the international leaders' ceremony.
Tax cuts
The centrepiece was tax cuts as he trumpeted the Conservatives as the party of Margaret Thatcher and her tax-cutting chancellor Nigel Lawson.
The premier stressed the main rate of national insurance had already been lowered from 12 per cent to eight, with the two 2p reductions in the autumn statement and Budget. Mr Sunak was set to say: "We will go further in the coming years, meaning that by 2027 we will have halved national insurance to six per cent: saving an average worker on £35,000 more than £1,300."
He hailed this as "progress" towards the "long-term ambition to abolish the double tax on work when it is economically responsible" to do so. Mr Sunak then turned to the self-employed.
Denne historien er fra June 11, 2024-utgaven av Evening Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra June 11, 2024-utgaven av Evening Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Only £65k a month to live like Boy George
The Karma Chameleon singer listed his house for £17m in 2022, turning down offers. Now, he's looking for a tenant
Welcome to London, unicorn capital of Europe
We're flying far ahead of anywhere outside US for tech investment
Arteta's Arsenal evolution The next phase
Malik Ouzia and Simon Collings assess how the Spaniard will try to bring down Man City after he signs up for another three years with the title in his sights
Title fight catches fire after Gunners embrace dark side
Arsenal-City clashes take on a welcome edge of animosity
Whack the hippy gong-boho's back
It happened in Paris one grey February day. Sienna Miller was in an oversized, black leather jacket, lace-trimmed silk slip and clumpy great wedges.
There's a Starlink waiting in the sky... 7,000 in fact.Can Elon Musk stop them crashing to Earth?
As he was preparing his fields for seeding this year, Barry Sawchuk came across a giant slab of space debris. It had come from a spacecraft belonging to Elon Musk’s company, SpaceX.
'Politicians are only into power-mongering, corruption and cronyism'
We speak to alt revolutionary DEEPAK CHOPRA about biomarkers, his digital twin and his work to save humanity from disease
I've been waiting for a production of Godotthis brilliant all my life
Ben Whishaw and Lucian Msamati bring a potent, tragicomic chemistry to James Macdonald’s rich revival of Samuel Beckett’s challenging play.
Trust me, the Ritz is London's bestrestaurant
To whom we turn in moments of gloom and glory can be instructive, a filter of our truest friends. I've fallen out with the Ritz a couple of times, including once after a visit to the bar which didn’t warrant a review (“But you said it was lovely!” they said.
'Healing is a dirty word'
After four traumatic years, FKA twigs is back with a new album -and a thrilling metamorphosis