Tom Tugendhat, the Conservative chairman of the Select Committee on Foreign Affairs and one of the candidates in the race to replace Boris Johnson, has hinted that he would reduce the income tax before the next general election if he becomes the next prime minister.
He told him that many candidates had promised tax cuts and asked him specifically which ones he would submit, Mr Tugendhat told the BBC: “I am absolutely delighted that my colleagues are joining me in this, when I am not I think I was one of the few Conservative MPs who did not vote in favor of that increase in national insurance because at that time I realized that it was a tax on the ‘occupation.
“Given that we had just come out of Covid’s two years … that really hurt so many people around the world, what we really need to do is go on to grow.”
He said you only get growth “if you slow down the economy, that’s why I’m talking about reducing the employment tax, or rather not putting it on.”
Asked specifically about the income tax cut and whether he would do so before the next election, he said, “I certainly think we should look to cut taxes on all aspects of society.”