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Sunak Defends Change of Heart on Tax Cut in UK Leader Race (1)

July 29, 2022, 9:42 PM

Rishi Sunak defended his surprise vow to scrap value added tax on domestic energy bills and denied being inconsistent on fiscal policy as he sought to burnish his economic credentials in the race to become the UK’s next prime minister.

Sunak dismissed VAT cuts earlier this year when he was Chancellor of the Exchequer, saying they’d disproportionately benefit the wealthy. But on Friday, he told Channel 4 that while he stood by that analysis, the measure was now “pretty much the only lever left” to help millions of households in October.

Rishi Sunak answers questions from party members during the first Conservative Party leadership hustings in Leeds, UK, on July 28.
Photographer: Anthony Devlin/Bloomberg

Batting away claims of a U-turn from allies ...