Rishi Sunak dubbed 'next Liz Truss' as he pledges unfunded tax cuts in Tory general election manifesto

Rishi Sunak has been dubbed the next Liz Truss after he promised £17 billion of unfunded tax cuts as the Tories launched their general election manifesto.

The Prime Minister said he would cut national insurance by another 2p, which would cost billions of pounds.

Labour said Sunak "was brought in to be the antidote to the chaos of Liz Truss [and] has instead become the next instalment of the same thing."

They said the manifesto showed the Conservatives' "desperation" and that it is "a recipe for five more years of Tory chaos."

The Tories reduced employees’ national insurance from 10 per cent to eight per cent at the March budget, following a similar cut in autumn 2023, at an annual cost of almost £10 billion by 2028/29.

The manifesto commits to a third 2p reduction as part of a drive to eliminate national insurance.