[Stewart] He said the “staggering” price tag of his rivals’ promises threatened to undermine the party’s reputation for economic prudence.
According to figures released by Mr Stewart’s campaign team, Dominic Raab is the biggest spender to date with a promise of 38.2 billion in tax cuts.
These include raising the national insurance threshold to 12,500, eliminating stamp duty on homes below 500,000, and cutting 5 pence in the base rate of income tax.
Followed him Michael Gove, Who promised to abolish the value-added tax and replace it with a lower and simpler 20 billion sales tax.
Boris Johnson’s plan to raise the 40% tax threshold from 50,000 to 80,000 was said to cost 14.1 billion, Jeremy Hunt’s promise to lower the corporate tax to 12.5% was 11 billion, and Sajid Javid’s suggestion was that the highest tax rate could be abolished. Put 700,000.
In total, Mr Stewart said their commitment has reached 84 billion.
We must restore – for Britain and for the Conservative Party – our reputation for economic and financial prudence. We simply cannot make promises of spending and tax cuts that we cannot fulfill. ”That number – out of the total spending promised by other candidates in this campaign – is surprising. We have to be honest with the people, and be honest about Brexit. And to be honest about spending. ”We cannot criticize Jeremy Corbyn for his pledges of reckless spending if we start doing the same ourselves. Cheap electoral bribes can cost us a lot smarter than our members.
Stewart said he would use the financial “leeway” from “good.” Brixi They invested in education and infrastructure, with borrowing to finance marketable assets such as homes as part of a drive to build two million new homes.