From Morningstar: 2024-06-11 06:58:00

Rishi Sunak announces tax breaks for landlords and help for first-time buyers in Conservative Party manifesto, including 100% relief on capital gains tax for landlords who sell to tenants, and abolition of stamp duty up to £425,000. Labour criticizes Tory plans. Sunak cites Thatcher era policies.

Sunak aims to boost Conservative outlook with tax cuts, new Help to Buy scheme, and incentives for landlords. Sunak highlights importance of home ownership and vows to support individuals in purchasing their own homes while drawing upon Thatcher’s legacy in his manifesto speech.

Figures show UK’s tax burden at record high, expected to grow by 2029. Tories pledge not to raise income tax, national insurance or VAT, promise tax cuts for pensioners. Sunak proposes national service for 18-year-olds. Labour criticizes Tory manifesto as “unfunded”, questioning economic credibility.

Sunak addresses early exit from D-Day event, dismisses resignation rumors. Labour plans energy drink ban for under 16s and increased dental appointments for children in health action plan. Keir Starmer commits to making tough decisions for child health.



Read more at Morningstar: Sunak Announces Landlord Tax Bung Ahead of…