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What is your opinion on Liz Truss the next PM? Did you support Rishi or Liz?
article https://www.bbc.co.uk/news/uk-politics-60037657
Liz Truss
Foreign Secretary
@Liz Truss
- Says she will reverse the recent rise in National Insurance, which came into effect in April, and hold an emergency budget
- Pledges not to bring in any new taxes and to scrap a planned rise in corporation tax - set to increase from 19% to 25% in 2023
- Would suspend what is known as the “green levy” - part of your energy bill that pays for social and green projects
- Says she will pay for the cuts by spreading the UK's "Covid debt" over a longer period
- Promises to change taxes to make it easier for people to stay at home to care for children or elderly relatives
- Wants to create new “low-tax and low-regulation zones” across the country to create hubs for innovation and enterprise
- Says she won’t cut public spending unless there is a way to do so that won’t lead to future problems
- Would bring target of spending 2.5% of GDP on defence forward to 2026 and introduce a new target of 3% by 2030
Read more about Liz Truss
Rishi Sunak
Former Chancellor
@Rishi Sunak
- Promises to reduce taxes “once we’ve gripped inflation” – saying it is a matter of when not if
- Pledges to cut basic rate of income tax by 1p in April 2024 and a further 3p by the end of the next Parliament
- Also pledges to scrap 5% VAT rate on household energy for one year if the price cap on bills rises above £3,000 for the typical household
- Says public sector pay deals should be decided by independent pay review bodies
- As chancellor raised National Insurance by 1.25p in the pound to pay for health and social care but also raised the earnings level at which it starts to be paid to £12,570
- Also announced plan to increase corporation tax from 19% to 25% in April 2023
- Promises to maintain defence spending and says we should view current minimum level of spending 2% of GDP “as a floor, not a ceiling”
Read more about Rishi Sunak
Ye Hai Mohabbatein
Mangal Lakshmi
