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Reuters
Reuters
Business

UK's Javid sets out tax-cutting plan in pitch to be PM

Former Health Minister Sajid Javid speaks to the media at an event to launch his campaign to be the next Conservative leader and Prime Minister, in London, Britain, July 11, 2022. REUTERS/Henry Nicholls

Sajid Javid, a contender to replace Boris Johnson as Britain's prime minister, said on Monday he would cut a slew of taxes and hold an emergency budget to increase help for households hit by the rising cost of living if he was chosen as leader.

Javid, a former finance minister and health minister, is one of several candidates to be Conservative Party leader promising tax cuts. He said he would bring forward an income tax cut, halt a corporation tax rise, and scrap an increase in social security contibutions.

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