The prime minister unveiled “big ideas” to revive his flagging campaign, while also acknowledging that he has “not got everything right”.
After calling the election with a 20-point poll deficit, Mr. Sunak’s situation deteriorated when he departed an international D-day event early last week. He caused such a stir that he had to deny rumors that he was thinking of stepping down.
An additional 2 percent reduction to national insurance (NI) and the so-called “triple lock plus” for seniors, which would establish a new “age-related” tax-free allowance, are part of Mr. Sunak’s headlining proposal to voters.
By completely eliminating the main rate of self-employed national insurance by the end of the next parliament, he also hopes to lower taxes in order to assist independent contractors.
He has also promised to eliminate stamp duty on properties up to £425,000 for first-time buyers, provide capital gains tax relief for landlords who sell to their current tenants, and launch a new Help to Buy program in an effort to increase the number of people who own homes. He has also set a new goal of creating 1.6 million new homes.
