Rishi Sunak says he wants to CUT taxes – but only after repairing black hole

- Advertisement -


Rishi Sunak today vowed to fix the black hole in the nation’s treasury without “immoral” borrowings so that he can cut taxes.

- Advertisement -

In his first conference speech, the chancellor forced Brits to tighten their belts as he aimed to get the country’s bank balance out of the red.

3
Rishi Sunak giving his key conference speech in Manchester this morningcredit: getty
Rishi Sunak with PM in Manchester this morning

3
Rishi Sunak with PM in Manchester this morningcredit: Reuters

Dish Sage served some red meat to Tory faithful gathered in Manchester after Boris Johnson announced a controversial national insurance hike.

advertisement

He told a packed room of rank-and-file members: “I want to cut taxes – but to do so our public finances must be put back at a sustainable level.”

The big beast of the cabinet hit back at allegations that ministers had abandoned conservative principles by raising taxes to fuel heavy spending.

- Advertisement -

Targeting Labor, he said: “While I know tax hikes are unpopular – some would even say non-conservative – I will tell you what non-conservative is: unrestricted pledges, reckless lending and rising debt.”

In his key personal speech:

  • Mr Sunak said he was “proud to support Brexit” and that the 2016 vote was about optimism
  • Chancellor says Britons can learn lessons from Silicon Valley techies
  • He said the government was “firm” to deal with the supply crisis.
  • He joked that people at the convention told him “you are younger in real life”.

No ‘immoral’ borrowings

The spending regime breaks down on massive 18-month pandemic packages such as furloughs that blew a hole in the country’s coffers.

Bringing down the House with a steadfast commitment to traditional Tory values, Mr Sunak said: “I believe in fiscal responsibility.

“Simply borrowing more money and piling up bills for future generations to pay is not only financially irresponsible – it’s unethical.”

“Because it’s not state money – it’s your money.”

Determining the scale of the country’s financial crisis, Mr. Sunak reminded Britons that the national debt was skyrocketing.

silicone sage

The Instagram-loving chancellor also said Britain could learn a lesson from Silicon Valley tech experts.

He said: “The years I spent in California left a lasting impression on me: working with some of the most innovative and exciting people in finance and technology.

“Seeing ideas become a reality, watching entrepreneurs build new teams.

“It’s not just about the money. I saw a culture, a mindset that was afraid to challenge itself, rewarded hard work and was open to all who had the talent to achieve.”

Boris Johnson watches during Sunak's speech

3
Boris Johnson watches during Sunak’s speechcredit: getty

Rishi Sunak pledges to spend £500m to get Britons back to work

- Advertisement -
Mail Us For  DMCA / Credit  Notice

Recent Articles

Stay on top - Get the daily news in your inbox

Related Stories