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Sunak Eyes Tax Cuts and an Autumn Election — If He Can Survive.

Authors :
Wickham, Alex
Donaldson, Kitty
Source :
Bloomberg.com; 3/16/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

Rishi Sunak, the UK Chancellor of the Exchequer, is considering implementing tax cuts and calling for an election in October or November to prevent a Conservative Party defeat. Sunak's advisers have suggested radical tax reduction measures, such as income tax cuts and property stamp duty reductions, to create a point of division with the opposition Labour Party. However, there are doubts about Sunak's ability to lead the party due to controversies surrounding him, including racist comments made by a top Tory donor and the defection of a former deputy chairman. Some Tories believe that the party is not ready for an election, but Sunak has not ruled out a vote this summer. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
176074646