Ex-Finance Minister Sunak vows to tackle inflation in pitch to be UK PM - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Former finance minister Rishi Sunak will set out his stall to be Britain’s next prime minister on Tuesday, vowing to tackle soaring inflation before joining his Conservative Party rivals in promising tax cuts.

Britain's former Finance Minister Rishi Sunak.

“We need a return to traditional Conservative economic values – and that means honesty and responsibility, not fairy tales,” Sunak is expected to say at the launch of his campaign, according to his team, a jibe at rivals who have promised immediate large cuts to business or personal taxes. According 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.

“My message to the party and the country is simple: I have a plan to steer our country through these headwinds. Once we have gripped inflation, I will get the tax burden down. It is a question of ‘when’, not ‘if’.”

 

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