In a dramatic turn of events, the Conservative Party unveiled their election manifesto on Tuesday, highlighting several key points that are expected to sway voters in the upcoming general election. Amidst rising concerns over economic growth and taxation, Prime Minister Rishi Sunak pinned his hopes on a pledge to cut National Insurance by a further 2p, with plans to vow to slash the welfare bill in order to pay for the tax cut. The manifesto also included plans to help first-time homebuyers, with over £13bn in tax cuts funded via overhauling the welfare system and cracking down on tax avoidance. In a surprising move, the Conservative Party also pledged to scrap capital gains tax for landlords who sell their property to tenants as part of an initial two-year scheme. These bold moves are expected to create a stark contrast with Labour and their refusal to rule out increasing the rate of capital gains tax, which has led experts to warn that such a move could deter people from investing and make the UK globally uncompetitive in attracting wealth creators. As an additional measure, the manifesto also includes plans to increase productivity in the public sector by overhauling welfare systems and cracking down on tax avoidance. With just days left until the election, it remains to be seen whether these measures will be enough to sway undecided voters and secure a victory for the Conservative Party.
