PA Media: Video
Rishi Sunak has announced a £2.4 billion tax cut for pensioners in an effort to gain their support. The Prime Minister plans to raise the income tax personal allowance for pensioners, providing them with a tax reduction of approximately £95 in 2025-26 and increasing to £275 in 2029-30. During a visit to a bowling green in Leicestershire, Mr. Sunak emphasized the importance of ensuring that individuals who have worked hard throughout their lives have a dignified retirement. Meanwhile, Labour has focused on attracting business leaders as part of their strategy on Tuesday.