Rishi Sunak: Cutting Your Taxes | Our Plan for the Economy
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- Опубликовано: 5 мар 2024
- 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.
Twitter: / rishisunak
Facebook: / rishisunak
Instagram: / rishisunakmp
LinkedIn: / rishi-sunak
WhatsApp: whatsapp.com/channel/0029VaJt...
My rent, energy, and council tax has gone up.
This small RUclipsr seems smart. Imagine someone like him could become a prime minister
There are more credible maths channels on RUclips.
Rishi sunak is not smart he is ruining the whole uk
640k Subscribers is small? tha's a lot of people.
@@USAConservative
There’s 502,710 people in the government…
Just saying.
I've had smarter teachers 😂
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.
Agreed.
Completely agree, people underestimate Sunak’s experience in economics, he knows it inside out. People just expect instant change and instant success, that’s just not how economics works, it takes time and a good long term plan will always be better than a short term fix (Liz Truss) which ends up hurting the economy even more.
Honestly this cannot be overemphasized, helping people mitigate unforseen circumstances and mistakes .It's always good to have a financial plan,
Thank you sir
No doubt being financially free and not having to worry much about basic things and taxes cannot be overemphasized, making smart plans and setting up diversified investment portfolios is quite essential.
Yeah and Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional in order to navigate this recession and achieve potential high yields and taxation
Most people miss it but the secret to retiring comfortably is finding a way to make returns while your money works for you. i remember i started saving for retirement quite late but I know I was making more than 10k returns from my investments monthly and it was completely passive.
in my case NATHAN TRAVIS COOK has assisted me in doing that effectively, I'm not an expert so I lack experience in investment strategies, I work and my consultant handles the rest.
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.
All of us
LOL you act like the labour communists are gonna do better 😂
@@oliverqueen17 The truth is that it shouldnt be a 2 lame horse race at the election. Small wonder most people no longer vote. Both options are bad. Voting is now how the elite control the electorate, give them 2 bad options to vote for with the same predictable outcome and when one wins say the people chose them. Its so obviously broken
@@oliverqueen17The fact that you call Labour communists demonstrates the lack of value in your comment. Labour are certainly far from good, but the Tories have ran this country into the ground, and then started digging to somehow make it even worse.
@@Hatypus really? Should I remind you of all the funds gordon got from china? And especially how keir’s economic plan brings sprinkles of socialism?
Instead of Rothschild with a Chalkboard it's Sunak with a giant flip book....Bravo sir teach it brother
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
is this your alt account Rishi?
FISHY RISHI SUPPORTED BREXIT, SOMETHING WE CAN VISIBLY SEE THE EFFECTS OF. TREASONOUS BEHAVIOUR FROM FISHY
A wu mao propagandist
We're in a recession... If he was transparent he'd address the other major issues that were caused by his party. Brexit, Unfunded tax-cuts, Lack of investment in public services, lack of energy independence, the list goes on... Instead we get a muddled vision for the country where on one hand we're the anti-single market, anti-customs union, anti-immigration country , etc... but on the other he wants us to be this 'Singapore-on-Thames' without committing political suicide by cutting regulation and engaging in free trade talks with countries like the US. Just another unelected conservative leader with an indefensible record and a worst of all worlds policy
@@RandomGuy-pi5zl a comment this honest won't last long on the PM's propaganda channel
Mr Sunak, thanks for giving us the breakdown of your plan for the economy. I have few observations and questions about your plans.
The introduction:
Cutting taxes and investing in public services are two mutually exclusive activities. The statement appears contradictory. Cutting taxes will reduce government expenditure while investing in public services increase government expenditure.
The Context:
(a) We actually pay tax on our income at least 3 times: income tax, NI & VAT @ 20%
(b) With COVID, war and inflation, taxes should not have been raised to 13.25% with income tax threshold frozen. That inflicted double pain on the masses. The Bank of England’s monetary policy of interest rate hikes would have adequately addressed inflation with the expected period of 18-24 months.
(c) Cutting taxes does not mean your plan is working:
• Tax burden is @ a 70 year-high
• Tax (NI) was raised in 2022 from 12% to 13.25%, reduced under Lizz Truss to 12%
• A simpler tax model that eliminates social security contribution is a great idea but what % will income tax increase to?
The Plan:
Inflation:
This really should not be a plan for the government because the Bank of England has the monetary policy tool which they deployed. We did not have to inflict additional pain on the people.
Not sure mortgage rates are falling also noticed that energy bills were raised during your time.
Grow the economy:
• GDP has a growth of 0.5% compared to 8.7% in 2021.
• The UK is currently 22nd in the world for GDP per capita (IMF 2024). Measuring the wealth of the people.
• Unemployment has increased from 4.2% in March 2024 to 4.3% in April 2024. What the rate for May?
• What has the government done to encourage the investments mentioned? Would it have happened anyway?
Reducing debt: If the plan is to reduce taxes and reduce debts, what is the plan to fund the promised investments in public services?
Conclusion:
Cutting taxes does not mean the plan is working. We need clearer plans that address economic issues and key performance indicators. We need transparency, responsibility and accountability with mutually inclusive solutions.
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)
If it is so simple, why is he make such a mess of running the country?
Buts he not making a mess. He became PM when the country was in a terrible mess already because of Liz Truss who got beaten by a lettuce.
@@petrumaika8958 I live in the UK. Trust me, he is making a mess of it. Third worst PM, after Truss and Johnson.
@@dr_ned_flanders Better than Theresay May for sure
He thinks we are all from RishiPradesh.
You have a plan?
Someone's told him he has.
Rishi snoook : I have a plan inspired from Dutch vaan dar linde
💀
Yes we are officially the second most miserable country in the world
TAHITI MY BOY!@@mohann2289
Inflation is going down but what about housing rent, does the government have any plan for it?
Leave as is. If the government controlled it itll be a disaster. Read about new york and san francisco
Hi Rishi, please continue to do more for middle class people who are working. This cost of living crisis is burning our pockets and we are just about surviving 🙏🏽.
He’s cutting NI and what that does is remove all your pension rights
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.
dear Ritchy, please can we hear about the somewhat questionable, yet little discussed, relationship between INFOSYS & Elbit Systems, relative to the UK’s I.T. infrastructure, ta.
I’m impressed that Conservatives taking the National Election 🗳️ seriously by innovating social media platforms to promote their plan and strategies. The best thing in this video is making it clear and easy understanding, particularly he didn’t spend much time on hitting the competitor. A great improvement in the marketing team compared to the time I joined the London Mayoral campaign in the pre-pandemic. As one of the BNO voters, I am delighted to vote for Conservatives after this video. 🎉…..
Hold on….Have you experienced to deliver the plan although reducing the income tax and National Insurance tax rates are our priorities. 🤔
Good teaching.
Crazy that Sunak is advertising Starmer as the green candidate when for many people, that is a good thing
Green policies are bad for the economy and bad for the environment.
Yes, but he’s saying it will lead to higher taxes, higher energy bills and more borrowing. All bad, unless you dont care about your kids.
@@KampeiPRTrue. Nonetheless, many people will see it as a trade-off between higher taxes and higher global temperatures. Higher taxes are bad, but higher temperatures are worse.
Sunak needs to use language that communicates his argument that Britain is doing more than its fair share for the climate and that it alone is powerless to reverse climate change (unlike USA, China, India, etc...). Simply saying that climate measures are expensive looks unconvincing and unserious about the size of the crisis we face.
@@edmundironside9435 it's also great to see how obviously rattled he is about his upcoming election loss. Imagine anyone watching this video full of desperate lies about the opposition, seeing all these bizarre commenters praising him in broken english, and then taking him seriously as a leader. I love that he's made this channel...
@@edmundironside9435well, what would people actually want anyway? Most folk are more angry about high inflation, tax and energy costs rather than the weather.
Also, the current way of getting people to stop climate change is obviously a bad one. The ULEZ campaign has only alienated people from trying to stop climate change, the best it’s done is make poor families stop driving their vehicles and make the poor poorer…
National insurance also fund state pension? Will N.I. eventually become nil and state pension reform or disappeared?
Continue keep your head up . 🇯🇲🙏✌🏽
every maths teacher be like
Nice sir🎉
say what you want about the context but i like the format
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
The problem with the elections are that Labour actually have lost to the Tories for the last 15 years, it's desperate and I don't know how the troops didn't drag them all out by their hair during the Thatcher years, when the country was drowning in heroin targeted at children.
Salam love 💕 from Bangladesh 🇧🇩 we love Rishi 🙏🙏🙏🤲🏾🤲🏾🤲🏾
Stick to the 3 Basic Value of Mankind & Maintain this Strong Foundation It will be rewarded to you and all.
8% National Insurance Tax cut means 900/12= £75 per month saving which is peanuts. Bank of England, HMRC, Monarchy & Government have rigged the system to ensure no one gets rich or richer except the same wealthy 1% of population. This is why UK has poor quality of work life balance where ppl don’t have time for hobbies contribute with never before creative innovation. Inequality and housing deprivation and poverty still exists. Monachy should be abolished and wealth distributed evenly to UK citizens. UK is light years away from advancing mostly due to overworked and modern day slavery still.
That’s very accurate and true
Unemployment is low due to zero hours contracts. People are not earning the way the figures suggest.
Rishi would be better off being a finance teacher than a prime minister 😂
Flip chart is professor sunak
Hail Rishiji
UK for R.S 🎉
Sounds wonderful. Keep going🇬🇧!
Mainu is photo.? show me.?
PM Sunak, can you please state clearly if the UK is prepared for war and terrorist attacks? Has the uk got manpower weapons and everything necessary for war? Are we prepared ? This needs clarification. It's vitally important.
Love the concept of the flip chart, I think it is Sunak at his best. However not quite comfortable with a tick with growing the economy and reducing debt, perhaps ‘on track’ would have been just about a transparent assessment.
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.
Recession already over...Jan/Feb had growth!
@@sunny96789that’s speculation. There’s no confirmation yet: www.ons.gov.uk/releases/gdpmonthlyestimateukjanuary2024
This small RUclipsr can become the prime minister of uk in the future
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.
Our corporate overlords couldn't hope for a better sock puppet.
FINALLY A TAX CUT WHAT I NEEDED IN MY LIFE
It's truly disheartening to see Brexit fall short of its potential for substantive change, particularly due to what appears to be governmental incompetence. The failure to implement significant reforms represents a missed opportunity to address crucial issues and fulfill the expectations of many citizens. It's evident that the current strategy lacks foresight, potentially aiming to deflect economic challenges onto Brexit and then seek re-entry into the EU in the future. This approach is both transparent and disappointing, leaving us feeling let down by the UK government.
I'm 1 minute in and straight away can answer the people's concerns.
1) I never asked for a covid vacc
2) I never asked to contribute my tax to war related affairs
Can I expense all this back
Show me the pictures of Karana.? Nanna.?
Grow the economy is the UK’s Achilles heel with the 0.3% productivity increase meaning lower technology roll out. However higher skilled jobs need to be incentivised by a lower tax rate above 100k, this is not the case!
That's not going to happen, the country is being lined up for zero skilled labour and just a derivatives, off shore accounting, money laundering convenience. That's globalism in a nutshell.
Like you were going to stop the boats? Most politicians are full of hot air regardless of party.
Gd eving sir.my bro living in liverpool.long ago there casin.sister marid british.thy in uk.girl docter.bro ,s girl is teacher.🌹🙏
You know what? First time in my entire life I feel like I'd like to vote. It's a shame that I can't despite living in the UK for 10 years, because I am still not a citizen. :(
For or against Sunak?
@@KampeiPR For him, obviously. Why would I put my comment here without any hate speech if I'd want to vote against him?
Go get in a dinghy in France and come over on that, you will be a citizen within a year and get free housing.
@@peterwolftipsso many people hates him because of his background and skin color. No matter what he does for the country 80% of white brits will never like him because they never liked brown men in this country. If he was black african you would have seen a different response. Look at the Premier league football , the music MTV channels, the film industry, the advertising magazine the dating or hook up world in the uk for the last 100 years, look at all these i mentioned for the last 100 years, and see what faces you would see, if its not white it's black african. They never liked the brown but now they need the brown because india is gonna become 3rd biggest economy in the world in the next 4 years. They have ran a campaign against brown faces since last 150 years in this country and spreaded across Europe but promoted the black african minority faces instead.
@@hirenska4765 but fortunately, not everyone is the same! ☺️
Can you do a video on IHT, taxes for alot of us doesn't end stop with PAYE and NI.
Glad to see things are improving
tip for solar.? problem.! Who is that?
Like a Senior Associate at McKinsey
All talk 🥱
Whose the prime minister and whose not 🥱
"Look at me mummy! I'm a big boy!"
RishiPradesh land.Yes sahib,we are all stupid sahib.Thank you sahib.We will remember you and your party sahib.
Based guy
Rishi, I’ve never earned so much money yet been so poor in my life.
Recession is a cyclical process . There is always a tradeoff between recession and inflation( read phillips curve) . To decrease inflation employment and expenditure has to fall by measures like increase in mortgage rates to decrease the consumption power of an individual. So the right question is why does inflation soar so high to 11%? It happened because of fiscal stimulus which almost all the government provided to increase the expenditure due to covid as spending at that time was too low and govt cant afford to go into recession at that time , so they increased the expenditure which now is resulting in inflation.
So it's not his fault to be honest
I really enjoy this presentation style. It's approachable and easy to follow.
Great to see politicians getting this level transparency only rishi can do this
Now unless is Kier Starmer has a rebuttal after seeing that video or if he hasn’t seen it yet he needs to and make a comeback and let’s see if he can be clear about labours plan if they have.
Turned the corner into a recession
Who have a plan to be prime minister the one who have plans
Econplusdal?
Plan for the economic
Rolled up his sleeves for the dirty work of shovelling shhhhhhh can't write that word.
Please reduce NHS fees 😢 for students it's very difficult
PM: How about 0% income tax 4 all?
Then say bye bye to the roads, the NHS, national security and pretty much anything public.
Yes but what about Your 2022 Budget - do You think We will forget?
“For anyone with any sense, who was in trouble, would come to the whips and tell them the truth, and say now, I’m in a jam, can you help ? It might be debt, it might be… a scandal involving small boys, or any kind of scandal in which, erm er, a member seemed likely to be mixed up in, they’d come and ask if we could help and if we could, we did. And we would do everything we can because we would store up brownie points… and if I mean, that sounds a pretty, pretty nasty reason, but it’s one of the reasons because if we could get a chap out of trouble then, he will do as we ask forever more.” Sir Tim Fortescue, Conservative party whip 1970 - 1973, interviewed in 1995 BBC documentary titled “Westminster’s Secret Service”.
Keep up the good work ahead..your efforts will show results which being up the economy to all citizens you serve.
Reduce taxes write of global debts❤❤🎉🎉
PM Sunak,
Even though I am not a UK citizen, I am still one of your people , coming from your country of origin.
I really respect the way you hold yourself accountable and really care about the interests and welfare of your people.
Are you feeling ok, the people of Uk despise this man 😂
Rishi is a pragmatic fiscal guy and the most intelligent PM in years, the man gets things done! Would choose him over FLIP FLOP Starmer and that copy paste Reeves any day.
You will never be Mr Beast
It hasn’t helped me carers allowance is no where near personal allowance
You've got to keep the NHS going, in case any of those channelhoppers get sick.
What about the MoD?
You have wasted money on migration, Ukraine, India and are still printing money (QE).
Where is the money for defence?
Honestly it’s very little help compared to how prices gone up post covid. On similar lines, tell us what can conservatives do to the society if you win. Travel to any European nation, one will know how expensive is uk to live.
Rishi - make sure you let everyone know the facts. We are projected to grow by 0.8% this year and surge to 1.9% the following year. We are on the brink of a boom.
1.9%is a boom? I think it has to be 4% and above for that. 1.9% is a dire trickle, and given it's mainly in sectors of low employment, and probably areas made untouchable for taxes, the usual few, the 1.9% dream is not more than yet another promising bust, in fact.
So what’s the “average”person in work? He skipped over that.The marker must’ve run dry
Very simple and efficient way to talk to dummies! Much needed! He is changing the country for good one step at a time!
I simply like to see him explain the country's economy in such a didactic way.
Keep hard work sir,we always stand for u.😊. Love from india
Same
Just keep all that love in india....
Brilliant video
You've had 14 years to make the NHS great.
14 years of blaming the left.
What do you expect from these crackheads...
Young energetic powerful transparent prime minister ....let people plot conspiracy to bring you down but keep going rishi...uk need you united 🇬🇧
I don’t want a tax cut, I want the government to tax progressively increase spending on social services, NHS, housing assistance etc. If taxes get cut even more the government can’t fund essential social services and the NHS won’t get the money it needs.
The irony of an ex-banker explaining economics from our highest office, using a paper flip board that probably cost a tenner.
Thank you, I haven't laughed like that in a long time.
Is the RNLI used as a water taxi now?
No matter where we Indians are, if you are an Indian, you end up as an Tech/Finance Support Guy 🤣
Actually, as it turned out, it was illegal doing what the government did during COVID, so... Answer me that, and we can move on to how national insurance is not a tax, more tax is, supposed to be, insurance. Did you ever consider reading a British history book?
Rishi sunak Sir try to speak in Hindi language.
What’s Hindi for ‘general election, now’?
@@Redsleather 👊👊👊👊👊👊👊👊👊👊👊👊👊
Shit, it gets me like I am watching a real RUclips influencer forgetting his political background 😢
Tick tock tick tock time is running out time you listened
Nice
🌹🙏🏻🙏🏻🙏🏻
cruise 🛳
How about using a smart board ?Mr President. Let’s think of a planet together.
Huh
I'm pretty sure the whole sUnaK infrastructure is hellbent on destroying as much forestry as their paperwork can abuse.
First think about your country bro
@@mohann2289 that is a difference, a leader thinks about mankind and not just about a country. Peace ✌️
@@saumilaher bro it is a couple of sheets of paper
Stop, cutting taxes that means less to the NHS
Not really. Increasing taxes means more weapons get sent to israel
@@parvesh.5_357 yes and I support Isreal but when he cuts taxes the prices fall down and that will make the consumer goods go down and the NHS will feel it horrible
@@Leon4lifexo but the NHS is already horrible lol 😂. Conservatives dont give a fuck about NHS
I love you Sunak unconditionally just want to see you happy,successful in all areas of your life 😊you are so talented and so smazing😊❤❤❤❤❤thank you so much for every thing you have done for Great Britain 🇬🇧
Wtf
@@youssefexe2994 I respect your comment. We are free to say what we think . We need to respect each other opinions . No need for using bad words or disrespectful gestures please 🙏 all the best to you . Sending you positive vibes and peace ✌️
The General Election affords us a short period in time where We are not looked down upon for being mere pond life. We've now all been given a temporary upgrade to chess pieces. We're here to be bargained with. Our votes are important to our power players as they provide them with the oxygen of support. You are the fodder for their competitive bargaining and the pledges that they are under no obligation to uphold. Beware of what You are leaving Yourself open to!