Below is what the bookmakers’ top three favourites have said on key issues.On tax: As finance minister, Sunak set Britain on course to have its biggest tax burden since the 1950s.
One of his backers, Conservative lawmaker Robert Jenrick, warned against promising unfunded tax cuts in the heat of a leadership election. Sunak would focus on growth and “cut taxes as quickly as we sensibly can,” Jenrick toldAccording to his team, Sunak will promise to cut taxes once inflation, which hit a 40-year high of 9.1% in May, had been brought under control.
She has said she will introduce an immediate 50% cut in VAT on fuel until at least April 2023, funded by increased VAT revenues as a result of inflation, and raise basic and middle earners’ tax thresholds in line with inflation.
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