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What will be the primary source of £1.3 billion funding for the tax cut?
5
Resolution / Starting Odds
Tax avoidance clampdown • 33%
Tax evasion clampdown • 33%
Other sources • 33%
UK Government budget reports, official announcements
Story
Rishi Sunak’s Conservatives Announce £1,500 Tax Cut for 700,000 Families
Jun 6, 2024, 09:55 PM
Rishi Sunak’s Conservative Party has announced a new plan to raise the threshold at which parents lose access to child-care benefits. The proposal aims to provide a £1,500 tax cut for parents, benefiting 700,000 families on average. Families paying the Child Benefit Tax Charge will be particularly impacted. The initiative is part of a broader strategy to close the gap in the polls with Labour. The £1.3 billion funding required for this plan will be sourced by clamping down on tax avoidance and tax evasion.
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Less than £5 billion • 33%
Between £5 billion and £7 billion • 34%
More than £7 billion • 33%
Income tax increase • 33%
VAT increase • 33%
National insurance increase • 34%
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Partially Funded • 33%
Not Funded • 33%
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No • 50%
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Decrease deficit • 33%
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Conservatives • 33%
Labour • 33%
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