Rishi Sunak is reportedly considering cutting stamp duty and National Insurance contributions in a bid to win over voters ahead of the next general election.
The Chancellor is said to be weighing up a range of options to boost the economy and improve his party’s electoral prospects, including reducing the tax on property purchases and cutting the rate of National Insurance contributions.
According to reports, Sunak is also considering a range of other measures to stimulate economic growth, including increasing the threshold at which people start paying income tax and introducing a new tax on wealth.
However, the Chancellor is said to be facing opposition from within his own party to some of the proposed measures, with some MPs warning that they could be seen as a giveaway to the wealthy.
Despite this, Sunak is said to be determined to push ahead with his plans, and is expected to announce his proposals in the coming weeks.
It is understood that the Chancellor is keen to make a big impact with his budget, and is looking for ways to make a significant difference to people’s lives.
The proposed cuts to stamp duty and National Insurance contributions are seen as a key part of Sunak’s plan to boost the economy and improve his party’s electoral prospects.
According to reports, the Chancellor is also considering a range of other measures to stimulate economic growth, including increasing the threshold at which people start paying income tax and introducing a new tax on wealth.
However, the Chancellor is said to be facing opposition from within his own party to some of the proposed measures, with some MPs warning that they could be seen as a giveaway to the wealthy.
Despite this, Sunak is said to be determined to push ahead with his plans, and is expected to announce his proposals in the coming weeks.
The proposed cuts to stamp duty and National Insurance contributions are seen as a key part of Sunak’s plan to boost the economy and improve his party’s electoral prospects.
According to reports, the Chancellor is also considering a range of other measures to stimulate economic growth, including increasing the threshold at which people start paying income tax and introducing a new tax on wealth.
However, the Chancellor is said to be facing opposition from within his own party to some of the proposed measures, with some MPs warning that they could be seen as a giveaway to the wealthy.
Despite this, Sunak is said to be determined to push ahead with his plans, and is expected to announce his proposals in the coming weeks.
It is understood that the Chancellor is keen to make a big impact with his budget, and is looking for ways to make a significant difference to people’s lives.
The proposed cuts to stamp duty and National Insurance contributions are seen as a key part of Sunak’s plan to boost the economy and improve his party’s electoral prospects.
According to reports, the Chancellor is also considering a range of other measures to stimulate economic growth, including increasing the threshold at which people start paying income tax and introducing a new tax on wealth.
However, the Chancellor is said to be facing opposition from within his own party to some of the proposed measures, with some MPs warning that they could be seen as a giveaway to the wealthy.
Despite this, Sunak is said to be determined to push ahead with his plans, and is expected to announce his proposals in the coming weeks.
The proposed cuts to stamp duty and National Insurance contributions are seen as a key part of Sunak’s plan to boost the economy and improve his party’s electoral prospects.
According to reports, the Chancellor is also considering a range of other measures to stimulate economic growth, including increasing the threshold at which people start paying income tax and introducing a new tax on wealth.
However, the Chancellor is said to be facing opposition from within his own party to some of the proposed measures, with some MPs warning that they could be seen as a giveaway to the wealthy.
Despite this, Sunak is said to be determined to push ahead with his plans, and is expected to announce his proposals in the coming weeks.
It is understood that the Chancellor is keen to make a big impact with his budget, and is looking for ways to make a significant difference to people’s lives.