Conservative Party Conference: How the Tories are trying to turn it around

Mel Stride has pledged to make sweeping tax cuts for businesses and young house buyers if the Tories are re-elected, in a speech talking up the party’s economic plans for the coming years. In a speech setting out the Tories’ commitment to keep public spending under control and lower costs for businesses, Stride accused Labour of misleading voters on keeping taxes low as he pointed to tax cuts under Margaret Thatcher’s government as an example for the Tories to follow. The Shadow Chancellor announced the Tories would apply a tax exemption to firms across the retail and hospitality sectors that pay £110,000 or less a year in business rates. The Tories believe that the exemption on business rates for pubs and shops would cost the government £4bn a year. Read the full story here 👇 https://www.cityam.com/mel-stride-pledges-sweeping-tax-cuts-for-businesses-and-young-people/ #tories #conservative #manchester #politics #ukpolitics #uknews