Left Menu
Development News Edition

Favourite Johnson pledges tax cut as race to succeed PM May officially starts

Reuters | London | Updated: 10-06-2019 15:14 IST | Created: 10-06-2019 15:06 IST
Favourite Johnson pledges tax cut as race to succeed PM May officially starts
Former foreign minister Johnson is the bookmakers' clear favourite and, according to polls, the most popular with the 160,000 party members who will ultimately decide the next leader. Image Credit: Wikimedia Commons

Boris Johnson promised tax cuts for higher earners if he becomes Britain's next prime minister as the crowded race to replace Theresa May officially begins on Monday in the shadow of Brexit turmoil. May stepped down as leader of the ruling Conservative Party on Friday having failed three times to get parliament to support her European Union divorce deal.

Nominations must be submitted on Monday, with each of the 11 of the candidates who have said they would run needing to secure at least eight backers from the Conservatives' 300-plus elected lawmakers. A number of the contenders look set to fall short of the support needed and voting later this week will whittle the field down further.

Former foreign minister Johnson is the bookmakers' clear favourite and, according to polls, the most popular with the 160,000 party members who will ultimately decide the next leader. His pledge to raise the point at which workers begin paying a 40 per cent income tax to 80,000 pounds ($101,824) from 50,000 pounds led the media headlines on Monday.

The move would cost 9.6 billion pounds ($12.2 billion)annually and be partly funded by using money set aside in the current budget to deal with the consequences of Brexit, the Daily Telegraph reported. Johnson, who has also suggested that Britain could withhold a previously agreed 39 billion pound ($50 billion) Brexit payment, is one of a number of candidates who has stated that Britain would leave the European Union with or without a deal on the current date of Oct. 31.

Several of the other leading hopefuls will set out their stall on Monday, and while all are keen to set out policies beyond Brexit, that issue will dominate the agenda. Dominic Raab, one of the most hardline Brexit advocates who says he would rather leave without a deal than delay the exit, will launch his campaign under the banner of "Building a Fairer Britain".

Another, Andrea Leadsom, said on Monday she was proposing a "managed exit" by Oct. 31 while interior minister Sajid Javid said his priority was to leave with a deal. At the other end of the Brexit spectrum, Matt Hancock, who has ruled out leaving the bloc without a deal, will launch his campaign by promising Britain "a fresh start" with a pro-business platform aimed at reaching new, younger voters.

Pensions minister Amber Rudd, who is backing Foreign Secretary Jeremy Hunt and opposes a no-deal departure from the European Union, told BBC radio: "To me, it's not enough to say we're definitely leaving by Oct. 31 without addressing how you are going to resolve it. "The facts are the same and whoever becomes the next prime minister is going to be faced with the same arithmetic that the prime minister was," she said, adding that parliament would find a way to block a no-deal Brexit.

Environment Secretary Michael Gove, who was also considered to be among the favourites, is hoping to get his campaign back on track after he admitted taking cocaine when he was a young journalist. Gove apologised for what he said was a mistake but critics accused him of hypocrisy, pointing out that he had signed off on rules to ban teachers for life for taking cocaine in a previous role as education minister.

While the Conservative leadership battle unfolds, May remains as prime minister, with her replacement due to be in place by the end of July.


TRENDING

OPINION / BLOG / INTERVIEW

Why COVID-19 is unstoppable in USA despite it being ranked at the top of GHS Index?

Several worst-hit countries such as Italy, France, Spain, the UK, Canada, and Russia have peaked COVID-19 cases in April. Almost all of them have gradually flattened the curve. However, the USA is setting new daily records of infections tha...

COVID-19 seems cooking biggest ever global scam

The increasing number of corruption cases on COVID-19 funds from throughout the world and involvement of high profile persons indicate that the countries cant ignore corruption in their pandemic response programs. This has generated the nee...

Health Management Information Systems lack holistic, integrated, and pandemic resilient character

Being a part of the United Nations system, the World Health Organization WHO deserves its share of rebuke for its alleged failure issue COVID-19 health emergency alerts on appropriate time. However, the pandemic has also exposed loopholes i...

Pride in the time of coronavirus: a welcome move online?

This year is different in many ways not least as celebrations are also taking place against the dramatic backdrop of a global health crisis and a resurgence in grassroots activism following the death of George Floyd in Minneapolis. ...

Videos

Latest News

Motor racing-Racing Point parts impounded after Renault protest

Formula Ones governing body impounded brake ducts from the Racing Point cars on Sunday after Styrian Grand Prix stewards ruled a Renault protest met the requirements for further investigation.Renault had questioned the legality of parts on ...

US, Chinese ambassadors spar on Twitter in Brazil

The US and Chinese ambassadors have gotten into a Twitter spat in Brazil, echoing the tense relations between the nations as a whole. It started Friday when U.S. Ambassador Todd Chapman retweeted a State Department account accusing the Chin...

COVID-19: 735 new cases reported in Assam, tally rises to 16,806

Four more COVID-19 patients have died and 735 new cases pushed the tally in Assam to 16,806 on Sunday, Health Minister Himanta Biswa Sarma said. A total of 41 COVID-19 patients have died in the state so far. But the fresh deaths will be off...

Firefighters battle blaze on navy ship at San Diego base

San Diego firefighters were responding to a large blaze aboard the military ship USS Bonhomme Richard after an explosion caused at least one injury, the San Diego Fire Rescue Department said on Sunday. Video footage showed thick black smoke...

Give Feedback