British PM candidate Sunak vows 20% income tax cut by 2029

British PM candidate Rishi Sunak vows 20 pct income tax cut by 2029

Rishi Sunak, trailing in the race to become Britain’s next prime minister, has vowed to slash the basic rate of income tax by 20% by 2029 in a potentially

British PM candidate Sunak vows 20% income tax cut by 2029

He said that he would fund the move by growing the economy, being disciplined with public spending

British PM candidate Sunak vows 20pc income tax cut by 2029

Rishi Sunak, trailing in the race to become Britain's next prime minister, has vowed to slash the basic rate of income tax by 20pc by 2029 in a potentially make-or-break throw of the dice by the former finance minister.

Rishi Sunak vows to take 4p off income tax

But the ex-chancellor's pledge for the end of the next parliament is criticised as being too slow.

British PM candidate Sunak promises 'radical' income tax cut

Sunak said the plan would mark the biggest income tax cut since the time of Margaret Thatcher.

Tory leadership race: Rishi Sunak pledges 'radical' tax cut and attacks Liz Truss as party members start receiving ballot papers

The former chancellor pledges to cut the basic rate of income tax from 20p to 16p by the end of the next parliament if he wins the race for Number 10.