We Will Only Cut Taxes When Public Finances Are Back In Good Health, Says Sunak
The Guardian|October 05, 2021
Rishi Sunak has insisted he will not trash the Conservatives’ reputation for “fiscal responsibility” and that tax cuts will only come when public finances are back on a “sustainable footing”, in the face of backbench unhappiness with the government’s spending plans.
Aubrey Allegretti Peter Walker
We Will Only Cut Taxes When Public Finances Are Back In Good Health, Says Sunak

In his first in-person party conference speech since taking charge at the Treasury, the chancellor said it would be “un-Conservative” and economically irresponsible to “stack up bills for future generations to pay”.

His warning came amid a growing row between new Tory MPs serving deprived communities who want large cash injections in their areas to help them “level up” and those who think the tax burden is already too high and government spending should be much more restrained.

Sunak’s address was hotly anticipated as his popularity among Tory members makes him one of the frontrunners in a future leadership contest. He announced the creation of 2,000 artificial intelligence (AI) scholarships for disadvantaged young people and that the number of researchers on the Turing AI fellowship scheme would be doubled. He also confirmed that the next stage of the government’s “plan for jobs” would be extended to help unemployed people aged over 50 back into work.

Sunak admitted there were supply chain “challenges” after warnings that manufacturing and deliveries could be severely hampered in the run-up to Christmas, but insisted such problems were being seen around the world.

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