{"id":196290,"date":"2023-11-25T20:38:27","date_gmt":"2023-11-25T20:38:27","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=196290"},"modified":"2023-11-25T20:38:27","modified_gmt":"2023-11-25T20:38:27","slug":"sunak-says-2p-off-national-insurance-is-the-start-of-a-journey","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/world-news\/sunak-says-2p-off-national-insurance-is-the-start-of-a-journey\/","title":{"rendered":"Sunak says 2p off National Insurance is the &apos;start of a journey&apos;"},"content":{"rendered":"<h1>Tax cuts are just the beginning! Rishi Sunak says last week&#8217;s 2p off National Insurance is the &#8216;start of a journey&#8217; now he&#8217;s &#8216;got inflation under control&#8217;<\/h1>\n<ul>\n<li><strong>MoS EXCLUSIVE: PM said he and Hunt &#8216;took a set of decisions that weren&#8217;t easy&#8217;<\/strong><\/li>\n<li><strong>Government&#8217;s &#8216;stealth tax&#8217; raid on wages could end earlier than planned<\/strong><\/li>\n<\/ul>\n<p>Rishi Sunak has vowed that the tax cuts announced last week are &#8216;the start of a journey&#8217;, with more to follow before the General Election if economic conditions allow.<\/p>\n<p>In an exclusive interview with The Mail on Sunday, the PM said that Chancellor Jeremy Hunt&#8217;s 2p cut in National Insurance was the start of moves to &#8216;shift gears&#8217; on fiscal policy.<\/p>\n<p>He told the MoS: &#8216;I always said I wanted to cut people&#8217;s taxes, but first we had to get inflation\u00a0under control and stabilise the economy.\u00a0<\/p>\n<p>&#8216;We have now done that and it didn&#8217;t happen by accident. The Chancellor and I took a set of decisions that weren&#8217;t easy, that we got a lot of flak for, that the\u00a0Labour party opposed, in order to halve inflation and defy the sceptics.<\/p>\n<p>&#8216;Everyone said we were going to have a recession this year in the UK [but] we have actually grown the economy, Because of that our economic policy can shift gears.&#8217;<\/p>\n<p>He added: &#8216;This is the start of a journey. We will do more when we can, because I want to cut taxes, reward hard work, grow the economy and do so in a way that is responsible.&#8217;<\/p>\n<p>Mr Sunak&#8217;s words came as Tory insiders told the Daily Mail the Government&#8217;s &#8216;stealth tax&#8217; raid on incomes could end earlier than planned.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/11\/25\/17\/78229013-12790393-image-a-21_1700932625308.jpg\" height=\"951\" width=\"634\"><\/p>\n<p>Rishi Sunak has vowed that the tax cuts announced last week are &#8216;the start of a journey&#8217;, with more to follow before the General Election if economic conditions allow<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/11\/25\/17\/78229011-12790393-image-a-20_1700932621391.jpg\" height=\"844\" width=\"634\"><\/p>\n<p>In an exclusive interview with The Mail on Sunday, the PM said that Chancellor Jeremy Hunt &#8216;s 2p cut in National Insurance was the start of moves to &#8216;shift gears&#8217; on fiscal policy<\/p>\n<p>The freeze imposed on personal tax thresholds to pay for pandemic spending is meant to last until 2028, but Conservative sources suggested that it could either be scrapped in the Spring Budget or feature as a pledge in next year&#8217;s Election manifesto.<\/p>\n<h3>READ MORE:\u00a0A vote for Nigel Farage&#8217;s lot would put Starmer in No 10, warns Rishi Sunak&#8230; but he admits he&#8217;s &#8216;too busy&#8217; to watch the former UKIP leader on I&#8217;m A Celeb\u00a0<\/h3>\n<p>When the freeze was announced in 2021 it was expected to raise \u00a38 billion annually. However, because of soaring inflation and pay rises, it could be bringing in \u00a345 billion a year by 2028.<\/p>\n<p>In his MoS interview, Mr Sunak \u2013 who as Chancellor argued strongly in vain against severe lockdown measures \u2013 justified the freeze as necessary to cover the cost of Covid, now estimated at around \u00a3400 billion.<\/p>\n<p>He said: &#8216;I can&#8217;t wish away the fact that we had a pandemic&#8230; I don&#8217;t remember anyone at the time saying no, no, no, you shouldn&#8217;t help people with their energy bills or no, no, no, you shouldn&#8217;t support the NHS through the pandemic or businesses with the furlough scheme.<\/p>\n<p>&#8216;That support was necessary during the pandemic&#8230; It is right that that money has to be paid back.<\/p>\n<p>&#8216;It is right that we learn the lessons of Covid but we are here having these conversations about the tax burden and you can&#8217;t have those conversations without remembering why we are in that position.&#8217;<\/p>\n<p>Mr Sunak also signalled that public spending will have to be cut to help fund the tax cuts.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/11\/25\/17\/78228959-12790393-image-a-3_1700932435748.jpg\" height=\"423\" width=\"634\"><\/p>\n<p>In his MoS interview, Mr Sunak justified the freeze as necessary to cover the cost of Covid, now estimated at around \u00a3400 billion<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/11\/25\/17\/78228969-12790393-image-a-4_1700932458776.jpg\" height=\"423\" width=\"634\"><\/p>\n<p>Mr Sunak signalled that public spending will have to be cut to help fund the tax cuts. Pictued: Hunt and Sunak at\u00a0Nissan in Sunderland yesterday<\/p>\n<p>&#8216;People don&#8217;t want the Government to be spending ever more money. What they want are reformed public services that deliver for them, and high productivity.<\/p>\n<p>&#8216;That&#8217;s what you get in the private sector, and we need to see that in the public sector. We are at a point now where our priority going forward is to cut people&#8217;s taxes.<\/p>\n<p>&#8216;Public spending is already at record highs in this country, the Government is already spending an enormous amount of money.<\/p>\n<p>&#8216;[Another] priority&#8230; has got to be driving up public-sector productivity, finding all the efficiencies that we know are there.<\/p>\n<p>&#8216;The choice at the next General Election will be between a party led by me which is focused on cutting people&#8217;s taxes, controlling spending, controlling borrowing and rewarding work and reforming welfare to make sure that people who can work do work; [and] the Labour Party [who] are going to want more public spending, more borrowing \u2013 and that inevitably is going to mean higher taxes and higher mortgages.&#8217;<\/p>\n<p>Source: <a href=\"https:\/\/www.dailymail.co.uk\/news\/article-12790393\/Rishi-Sunak-says-2p-National-Insurance-start-journey.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tax cuts are just the beginning! Rishi Sunak says last week&#8217;s 2p off National Insurance&#8230;<\/p>\n","protected":false},"author":4,"featured_media":196289,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28134],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sunak says 2p off National Insurance is the &amp;apos;start of a journey&amp;apos; - Tokens Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tokenstalk.info\/world-news\/sunak-says-2p-off-national-insurance-is-the-start-of-a-journey\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sunak says 2p off National Insurance is the &amp;apos;start of a journey&amp;apos; - Tokens Talk\" \/>\n<meta property=\"og:description\" content=\"Tax cuts are just the beginning! 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