Have Your Say: Should the next PM raise taxes or lower them? And which ones?

We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info

You can add your voice to the tens of thousands of comments posted daily on Express.co.uk and have your say on the big issues facing the country today.

Five Conservative leadership contenders remain in the race to secure the position in office; Rishi Sunak, Penny Mordaunt, Liz Truss, Kemi Badenoch, and Tom Tugendhat in order of current MP support.

As the MPs took to podiums in a televised debate on Friday evening, tax appeared to be one of the key divisive factors between the rivals.

Mr Sunak spent the 90-minute Channel 4 debate defending his record in the Treasury, accusing his rivals of wanting to borrow their way out of an inflationary crisis and remaining stubborn on his stance not to reduce taxes and spending.

He warned cutting taxes would push inflation up further, saying: “Inflation is the enemy that makes everyone poorer.”

Accusing her of being irresponsible, Mr Sunak told opponent Ms Truss: “We have to be honest. Borrowing your way out of inflation isn’t a plan, it’s a fairytale.”

Ms Truss responded: “I think it is wrong to put taxes up.”

Mr Sunak turned on Ms Mordaunt, saying her promises on VAT cuts and fuel, and raising income tax thresholds would cost £15 billion.

Do you think the next Prime Minister should raise taxes or lower them? If so, which ones?

HAVE YOUR SAY RIGHT NOW – JOIN THE EXPRESS READER DEBATE IN OUR COMMENTS SECTION.

Source: Read Full Article