Britainin (UK) Who will be the new leader of the Conservative Party, who will replace Boris Johnson as the Prime Minister of the country, all these questions will be answered on September 5. But PM (PM) in the race to become the two finalists Rishi Sunak and Liz Truss (Rishi Sunak and Liz Truss) heated debate between In a live debate, both of them came face to face on the issue of inflation. There was a vigorous discussion between the two on how to reduce inflation in the country. Both have presented different views on the issue of inflation. Liz Truss has promised to cut taxes immediately if she is elected Britain’s Prime Minister.
At the same time, Rishi Sunak has promised support and tax cuts for the most vulnerable families. He said that if he is elected Prime Minister of Britain, he will reduce basic income tax rates from the current 20 percent to 16 percent over the next few years. Sunak said he would stick to the previously announced one percent cut in income tax in April 2024. He said that this will be further reduced by three percent around 2029 till the end of the next Parliament term. Along with this, the basic rate of income tax will be reduced from 20 percent to 16 percent.
Inflation will reach 13 percent
Liz Truss said she is committed to helping families struggling with rising bills. At the same time, the country’s former finance minister Rishi Sunak has hit out at the Truss plan for tax cuts in the emergency budget. He termed it as a big setback for big businesses. Sunak further said that the Bank of England estimates that inflation will reach 13 percent. With the average household energy bill forecast to reach around £4,000, the country’s former finance minister said his rival (truss) measures would not work.
‘I don’t make promises I can’t keep’
At the same time, Sunak took a dig at his rival’s comments on taxes, saying, “First of all, I will never cut taxes in a way that only increases inflation. Second, I will never make promises I cannot keep. And third, I will always be honest about the challenges we face.
Inflation is the biggest issue before voters
Inflation is the biggest issue facing voters in Britain ahead of the upcoming election. This will be the most important issue before him at the time of voting. In this context, choosing the new Prime Minister of the country is a tough and big challenge. In the UK, people are facing serious financial problems due to the huge increase in energy prices. There is growing resentment among those facing hardships towards utility companies profiting from their payments.
The challenge facing the Conservative Party is to strengthen the country’s economy
Both candidates in the Prime Ministerial race (Liz Truce and Rishi Sunak) have worked under Boris Johnson. Currently the British government is busy managing the economy. The government is also facing some social challenges. The Conservative Party also faces the challenge of strengthening Britain’s position vis-à-vis the world.
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