Sunak Pledges £2.4bn Tax Cut for Pensioners in Election Bid
TL;DR Summary
UK Prime Minister Rishi Sunak has proposed tax cuts for pensioners as part of his campaign for the upcoming July election. The plan includes a new age-related allowance and a tax cut of around £100 for each of 8 million pensioners in 2025, increasing to nearly £300 annually by the end of the next parliament. This move aims to secure the support of older voters, with the Conservative Party also committing to the "triple lock" policy for pensions. Labour has criticized the proposal as a desperate attempt to regain economic credibility.
- UK's Sunak proposes tax cuts for pensioners in new election pledge Reuters UK
- Sunak Offers Pensioners Tax Cut as Tory Poll Shows Reform Threat Bloomberg
- Sunak unveils £2.4bn pensioner tax cut in bid to stabilise election campaign Financial Times
- Conservatives promise tax cut for pensioners with 'triple lock plus' Sky News
- Sunak offers tax break for pensioners in £2.4bn-a-year giveaway The Independent
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