UK's Sunak proposes tax cuts for pensioners in new election pledge

Rishi Sunak pledges £2.4bn tax cut for pensioners with 'triple lock plus'

The “triple lock plus” is estimated to cost £2.4billion a year by 2029/2030

UK’s Sunak proposes tax cuts for pensioners in new election pledge

British Prime Minister Rishi Sunak on Monday proposed tax cuts for millions of pensioners in his latest campaign pledge, highlighting the importance of older voters in the upcoming July election. Sunak’s Conservative Party said it would introduce a new age-related allowance and deliver a tax cut of around 100 pounds ($128) for each of 8 million pensioners in 2025, rising to almost 300 pounds a year by the end of the next parliament.

UK’s Sunak pledges tax cuts for pensioners as Tories face election wipeout

Opposition Labour Party slams election pledge as latest ‘desperate move’ by governing party.

Sunak offers tax break for pensioners in £2.4bn-a-year giveaway

The Prime Minister said the ‘bold action demonstrates we are on the side of pensioners’.

UK’s Sunak proposes tax cuts for pensioners in new election pledge

It is the latest gambit by the Conservative Party to try to shore up a core vote ahead of the July 4 election.