Rishi Sunak: Cutting Your Taxes | Our Plan for the Economy 

This small RU-vidr seems smart. Imagine someone like him could become a prime minister

My rent, energy, and council tax has gone up.

Feel sorry for Rishi, he's actually been super transparent about problems and stuff like that, whilst having to deal with the outcome of Covid and the war. Being able to improve the economy by 2024 is something people think is easy and can be done instantly but they're actually doing an amazing job

Rishi warned Liz Truss not to cut taxes when inflation was high at 11% in July 2022 with her unfunded borrowing (we all know how that turned out), this year he warned against Labours 28 billion per year green plan which would lead to higher taxes, so they were forced to U turn on their major flagship policy. Shows you his competence when it comes to managing the countries finances. He is a details man which is a very important quality for any PM to have. P.S Loved how simply you explained your economic plan so that everyone understands it.

Most of us are worse off than 14 years ago. Most of us agree it's time for a change. A small tax bribe is unlikely to change that. Especially when so many companies are reporting record profits, and many others are getting billions in government subsidies to funnel to their shareholders and executives.

Honestly this cannot be overemphasized, helping people mitigate unforseen circumstances and mistakes .It's always good to have a financial plan,

Instead of Rothschild with a Chalkboard it's Sunak with a giant flip book....Bravo sir teach it brother

The average worker is down about £190.per month in real terms, thanks to Tory mismanagement of the economy. A pathetic tax cut on National Insurance is not going to cut it. Most people would rather pay more tax to have services that actually work, schools that are not falling down around children's ears and an NHS. The Tories have only benefited the most wealthy and need to go. Call a general election now, Sunak.

Crazy that Sunak is advertising Starmer as the green candidate when for many people, that is a good thing

Rishi needs a lesson on taxes. Here's an exhaustive list of taxes paid by individuals in the UK: 1. Income Tax: Progressive tax rates ranging from 20% to 45% depending on income levels. 2. National Insurance Contributions (NICs): Class 1 NICs are 12% for earnings between £9,568 and £50,270, and 2% on earnings above £50,270. 3. Value Added Tax (VAT): Standard rate is 20% on most goods and services. 4. Capital Gains Tax: Rates are typically 10% or 20% for individuals, depending on income and the type of asset sold. 5. Inheritance Tax: Generally 40% on the value of the estate above the tax-free threshold (£325,000). 6. Stamp Duty Land Tax (SDLT): Progressive rates starting from 0% for properties up to £125,000, up to 12% for properties over £1.5 million. 7. Council Tax: Varies depending on property valuation bands set by local authorities. 8. Vehicle Excise Duty (VED): Rates vary based on CO2 emissions and fuel type. 9. Corporation Tax: 19% flat rate for most companies. 10. Dividend Tax: Dividend tax rates are 7.5%, 32.5%, or 38.1% depending on the individual's tax band. 11. Savings Interest Tax: Rates vary based on income tax bands, with a starting rate of 0% up to the higher rate of 45%. 12. Land and Buildings Transaction Tax (LBTT) (Scotland): Progressive rates similar to SDLT. 13. Land Transaction Tax (LTT) (Wales): Progressive rates similar to SDLT. 14. Fuel Duty: Approximately 57.95 pence per liter for petrol and diesel. 15. Climate Change Levy (CCL): Rates vary depending on the type of energy used. 16. Insurance Premium Tax (IPT): Standard rate is 12% on most insurance premiums. 17. Air Passenger Duty (APD): Rates vary depending on the distance traveled and class of travel. 18. TV Licence Fee: £157.50 per year for a standard color television license. 19. Gambling Tax: Rates vary depending on the type of gambling activity. 20. Import Duties: Rates vary depending on the type and value of imported goods.

You have a plan?

Prime Minister this is absolutely pathetic. How can you put a green tick next to ‘grow the economy’ when we’re in a recession? Call a general election please.

what a gem the british lost

Just please can we have a General Election ASAP. Where is this inflation drop rishi ? food prices still extremely high , energy bills high, mortgage rates high . Council tax again going up . Car Insurence high . So where is this low inflation most of us haven't noticed anything

Inflation is going down but what about housing rent, does the government have any plan for it?

Rishi would be better off being a finance teacher than a prime minister 😂

I’m impressed that Conservatives taking the National Election 🗳️ seriously by innovating social media platforms to promote their plan and strategies. The best thing in this video is making it clear and easy understanding, particularly he didn’t spend much time on hitting the competitor. A great improvement in the marketing team compared to the time I joined the London Mayoral campaign in the pre-pandemic. As one of the BNO voters, I am delighted to vote for Conservatives after this video. 🎉….. Hold on….Have you experienced to deliver the plan although reducing the income tax and National Insurance tax rates are our priorities. 🤔

Mr Sunak, thanks for giving us the breakdown of your plan for the economy. I have few observations and questions about your plans. The introduction: Cutting taxes and investing in public services are two mutually exclusive activities. The statement appears contradictory. Cutting taxes will reduce government expenditure while investing in public services increase government expenditure. The Context: (a) We actually pay tax on our income at least 3 times: income tax, NI & VAT @ 20% (b) With COVID, war and inflation, taxes should not have been raised to 13.25% with income tax threshold frozen. That inflicted double pain on the masses. The Bank of England’s monetary policy of interest rate hikes would have adequately addressed inflation with the expected period of 18-24 months. (c) Cutting taxes does not mean your plan is working: • Tax burden is @ a 70 year-high • Tax (NI) was raised in 2022 from 12% to 13.25%, reduced under Lizz Truss to 12% • A simpler tax model that eliminates social security contribution is a great idea but what % will income tax increase to? The Plan: Inflation: This really should not be a plan for the government because the Bank of England has the monetary policy tool which they deployed. We did not have to inflict additional pain on the people. Not sure mortgage rates are falling also noticed that energy bills were raised during your time. Grow the economy: • GDP has a growth of 0.5% compared to 8.7% in 2021. • The UK is currently 22nd in the world for GDP per capita (IMF 2024). Measuring the wealth of the people. • Unemployment has increased from 4.2% in March 2024 to 4.3% in April 2024. What the rate for May? • What has the government done to encourage the investments mentioned? Would it have happened anyway? Reducing debt: If the plan is to reduce taxes and reduce debts, what is the plan to fund the promised investments in public services? Conclusion: Cutting taxes does not mean the plan is working. We need clearer plans that address economic issues and key performance indicators. We need transparency, responsibility and accountability with mutually inclusive solutions.

Love these videos where you explain things in such a simple way. Make more of such videos. It really works and is super fun and interesting. Never seen any PM do this in my lifetime. So cool, our first millennial PM (Rishi was born in 1980 for those wondering)

dear Ritchy, please can we hear about the somewhat questionable, yet little discussed, relationship between INFOSYS & Elbit Systems, relative to the UK’s I.T. infrastructure, ta.

every maths teacher be like

PM Sunak, can you please state clearly if the UK is prepared for war and terrorist attacks? Has the uk got manpower weapons and everything necessary for war? Are we prepared ? This needs clarification. It's vitally important.

You've had 14 years to make the NHS great. 14 years of blaming the left.

Continue keep your head up . 🇯🇲🙏✌🏽

Hi Rishi, please continue to do more for middle class people who are working. This cost of living crisis is burning our pockets and we are just about surviving 🙏🏽.

Love the concept of the flip chart, I think it is Sunak at his best. However not quite comfortable with a tick with growing the economy and reducing debt, perhaps ‘on track’ would have been just about a transparent assessment.

Defining N.I. contributions as a tax is misleading - it's a contribution to pensions and other benefits, with the aim of funding those services, it shouldn't be glibly considered as going into the same pot, but it appears over time that this is what has happened. Obviously it's something that people of working age cannot avoid, but it's not a tax. Stop paying two taxes and only pay one?...just means that the new single tax will cost the taxpayer the same as income tax and NI combined...unless there's a cut, resulting in either a shortfall that will have to be met from other sources, or a reduction in services provided. This is desperate, simplistic stuff and smacks of rearranging the deckchairs on the Titanic, it's certainly not a plan for the economy.

You know what? First time in my entire life I feel like I'd like to vote. It's a shame that I can't despite living in the UK for 10 years, because I am still not a citizen. :(

You've got to keep the NHS going, in case any of those channelhoppers get sick.

National insurance also fund state pension? Will N.I. eventually become nil and state pension reform or disappeared?

The only way we stop him is to band together before he destroys this country completely

The irony of an ex-banker explaining economics from our highest office, using a paper flip board that probably cost a tenner. Thank you, I haven't laughed like that in a long time.

It's truly disheartening to see Brexit fall short of its potential for substantive change, particularly due to what appears to be governmental incompetence. The failure to implement significant reforms represents a missed opportunity to address crucial issues and fulfill the expectations of many citizens. It's evident that the current strategy lacks foresight, potentially aiming to deflect economic challenges onto Brexit and then seek re-entry into the EU in the future. This approach is both transparent and disappointing, leaving us feeling let down by the UK government.

Flip chart is professor sunak

Keep hard work sir,we always stand for u.😊. Love from india

"Look at me mummy! I'm a big boy!"

say what you want about the context but i like the format

Is this an AI generated spoof 😂?

Stick to the 3 Basic Value of Mankind & Maintain this Strong Foundation It will be rewarded to you and all.

Young energetic powerful transparent prime minister ....let people plot conspiracy to bring you down but keep going rishi...uk need you united 🇬🇧

Unemployment is low due to zero hours contracts. People are not earning the way the figures suggest.

Rishi, I’ve never earned so much money yet been so poor in my life.

I am not a finance guy and being a engineer still i can follow him so simple lucid language well done PM we required intelligent PM like you

UK for R.S 🎉

The vat come from the tva french invented long time ago,,why not to get rid of vat ?

Rishi is a pragmatic fiscal guy and the most intelligent PM in years, the man gets things done! Would choose him over FLIP FLOP Starmer and that copy paste Reeves any day.

Sounds wonderful. Keep going🇬🇧!

No matter where we Indians are, if you are an Indian, you end up as an Tech/Finance Support Guy 🤣

Hail Rishiji

PM Sunak, Even though I am not a UK citizen, I am still one of your people , coming from your country of origin. I really respect the way you hold yourself accountable and really care about the interests and welfare of your people.

Salam love 💕 from Bangladesh 🇧🇩 we love Rishi 🙏🙏🙏🤲🏾🤲🏾🤲🏾

Like you were going to stop the boats? Most politicians are full of hot air regardless of party.

Grow the economy is the UK’s Achilles heel with the 0.3% productivity increase meaning lower technology roll out. However higher skilled jobs need to be incentivised by a lower tax rate above 100k, this is not the case!

Good teaching.

Is this for real 😂

Keep up the good work ahead..your efforts will show results which being up the economy to all citizens you serve.

I don’t want a tax cut, I want the government to tax progressively increase spending on social services, NHS, housing assistance etc. If taxes get cut even more the government can’t fund essential social services and the NHS won’t get the money it needs.

I really enjoy this presentation style. It's approachable and easy to follow.

I love you Sunak unconditionally just want to see you happy,successful in all areas of your life 😊you are so talented and so smazing😊❤❤❤❤❤thank you so much for every thing you have done for Great Britain 🇬🇧

Huge Admiration for this precious human being ❤❤❤

FINALLY A TAX CUT WHAT I NEEDED IN MY LIFE

Rolled up his sleeves for the dirty work of shovelling shhhhhhh can't write that word.

Shit, it gets me like I am watching a real RU-vid influencer forgetting his political background 😢

What about the MoD? You have wasted money on migration, Ukraine, India and are still printing money (QE). Where is the money for defence?

mortal heart attack

I'm 1 minute in and straight away can answer the people's concerns. 1) I never asked for a covid vacc 2) I never asked to contribute my tax to war related affairs Can I expense all this back

Reduce VAT to 10% and you might actually make peoples lives different

PM: How about 0% income tax 4 all?

Pointless... You all realise you paid for this session whether you liked it or not...

If you are really keen on reducing the taxes how about being honest for once and increase the personal allowance too in line with inflation. Why do you stoop low to explain Keir Starmer’s plan when you steal his plan many a time?

All these simpletons/bots saying well done for explaining things in such a simple way 😂 it's just another attempt at pretending he's not continuing to muck everything up as his government have been doing for 13 years. How does he have time to make these videos? A bit worrying that with times being so hard, he can find time for these videos.

rishi the great 👍

Well , i offer a new perspective... Why not bank offering more and better services for management weatlh amd managemant financial freedom for the citizen !?? My thinktank idea...

Stop, cutting taxes that means less to the NHS

Inflation is halved to 3.4% inching closer to the BOE 2% target, boat crossings are down by a third, NHS longest waiting times are down, Economy grew marginally by 0.1% year on year in 2023 despite all the predictions that it would be a yearlong recession. Rishi came in at the toughest period after what Liz Truss left him with and he has made significant progress over the last 16 months. The country's economy has stabilized. Best time for a tax cut of 900 pounds to ease the pressure, also welcome news that the DUP has accepted the post Brexit deal which has led to the restoration of devolved government in Northern Ireland. Great job on the smoking and disposable vaping ban and the ban on phones in school for kids.

RishiPradesh land.Yes sahib,we are all stupid sahib.Thank you sahib.We will remember you and your party sahib.

Lower immigration, deport dependents, raise income tax thresholds, build the northern leg of HS2, scrap all diversity schemes and make the NHS more efficient

Like a Senior Associate at McKinsey

Great to see politicians getting this level transparency only rishi can do this

This small RU-vidr can become the prime minister of uk in the future

Thanks Rishi. Hopefully this will satisfy the plan-deniers who were offended by your last post. Great news about the new statue honouring Muslim soldiers who fought in WW1 and WW2. Proud of you 🙏

So what’s the “average”person in work? He skipped over that.The marker must’ve run dry

Can you do a video on IHT, taxes for alot of us doesn't end stop with PAYE and NI. Glad to see things are improving

Recession is a cyclical process . There is always a tradeoff between recession and inflation( read phillips curve) . To decrease inflation employment and expenditure has to fall by measures like increase in mortgage rates to decrease the consumption power of an individual. So the right question is why does inflation soar so high to 11%? It happened because of fiscal stimulus which almost all the government provided to increase the expenditure due to covid as spending at that time was too low and govt cant afford to go into recession at that time , so they increased the expenditure which now is resulting in inflation. So it's not his fault to be honest

Take inspiration on Natural capitalism From cradle to cradle (Circular economy)

You will never be Mr Beast

Mainu is photo.? show me.?

Now unless is Kier Starmer has a rebuttal after seeing that video or if he hasn’t seen it yet he needs to and make a comeback and let’s see if he can be clear about labours plan if they have.

Gd eving sir.my bro living in liverpool.long ago there casin.sister marid british.thy in uk.girl docter.bro ,s girl is teacher.🌹🙏

Show me the pictures of Karana.? Nanna.?

Cut tax, bro your literally charging the people of london 12 quid to drive to work.. oh no thats sadik riiiiight Were taxed into oblivion

I can admire his economic planning. Unfortunately I would never want to move to UK because they jail people for political opinions and citizens have no right for self defence.

Load of bollocks.

Actually, as it turned out, it was illegal doing what the government did during COVID, so... Answer me that, and we can move on to how national insurance is not a tax, more tax is, supposed to be, insurance. Did you ever consider reading a British history book?

Honestly it’s very little help compared to how prices gone up post covid. On similar lines, tell us what can conservatives do to the society if you win. Travel to any European nation, one will know how expensive is uk to live.

❤🎉Well done, Dear Prime Minister🎉❤

Rishi sunak Sir try to speak in Hindi language.

Nice sir🎉

tip for solar.? problem.! Who is that?

Yes but what about Your 2022 Budget - do You think We will forget?