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Al Jazeera
Al Jazeera
Business

UK’s Sunak pledges tax cuts for pensioners as Tories face election wipeout

​​Rishi Sunak United Kingdom Labour Party Jonathan Ashworth Conservative Party
UK Prime Minister Rishi Sunak is attempting to turn around the flagging fortunes of his Conservative Party [Kin Cheung/AP]

United Kingdom Prime Minister Rishi Sunak has pledged to cut taxes for millions of pensioners as he seeks to turn around his Conservative Party’s dismal poll numbers ahead of general elections in July.

Under the plans announced on Monday, the tax-free allowance for pensioners would increase by at least 2.5 percent, or in line with the highest of average earnings or inflation.

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