Rishi Sunak’s manifesto pledge to cut more than £17bn of taxes came under fire on Tuesday as analysts warned the promise was funded by questionable plans to rein in welfare spending and curb tax dodging.
The UK prime minister said he would slash a swath of taxes if the Conservatives are re-elected on July 4, including abolishing national insurance contributions for the self-employed and cutting the levy further for employees.
The giveaways, Sunak insisted, would be funded by giving less to people dependent on welfare and extracting billions of pounds more a year in revenue by clamping down on tax avoidance and evasion.
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