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

Prime Minister Rishi Sunak uses a flipchart to explain how sticking with the Conservatives plan for the economy means we can grow our economy and cut your taxes.

[chickenyeet]

This small YouTuber seems smart. Imagine someone like him could become a prime minister

[shazbaz]

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

[KIoakk]

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

[sunny]

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.

[gedawar]

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.

[pepe-bxed]

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

14 years of blaming the left.

[Michael_Barrett]

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.

[HaroldFinchCM]

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.

[Alexander-icw]

Rishi Partridge needs to stop making these cringey videos and spend some time running the country. Listening to him tell us what a good job he’s doing while public services crumble and the economy has just gone into recession is such an insult to our intelligence.

[kit-ja]

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

[EVMYT]

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.

[edmundironside]

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

[sunny]

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)

[pauldean]

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

[ChickenboneJohn]

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.

[dr_ned_flanders]

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.

[xaviergarcia]

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

[oooooo]

Go and learn something from Modi he is making Indian economy grow fastest in world

Resign and admit that you are incapable

[marlon_kandaros]

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

[witters]

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