Key Points:
Rishi Sunak is set to pay for more National Insurance tax cuts by curbing benefits in a pre-election Budget, likely in September.
The Prime Minister aims to eventually abolish the tax on wages but acknowledges it will take time.
Sunak plans to fund the tax cuts by getting more Brits back to work and reducing benefits for those on long-term sick leave.
Rishi Sunak is gearing up for another Budget before the General Election, where he intends to fund further National Insurance tax cuts by reining in benefits. The Prime Minister recently reduced NICs by 2p in the last Budget and aims to eventually eliminate the tax on wages entirely, though this process is expected to be gradual. Sunak's plan has raised concerns about the source of funding for these tax cuts.
In an interview with Trending In The Newsday Times, Rishi Sunak emphasized the need to simplify the tax system and end the double taxation on work. He expressed his long-term ambition to continue cutting NICs until it is completely eradicated, stating that this approach is the best way to acknowledge and reward hard work while creating a fairer society.
To finance the tax cuts, Sunak intends to reduce benefits and focus on getting more individuals back into the workforce. With around 2.5 million people currently unemployed due to long-term sickness, there has been a significant increase in Britain's welfare expenditure. The Prime Minister stressed the importance of rewarding hard work and emphasized that cutting NICs is a key strategy in achieving this goal.
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https://trendinginthenews.com/uk-politics/governments-antisemitism-tsar-warns-of-growing-threat-to-jewish-community-in-the-uk
