Rishi Sunak promises more tax cuts… just not yet

After Boris Johnson faced a confidence vote by his own MPs, the Prime Minister has come under pressure to bring in changes to his government. This ranges from talk of a reshuffle to shaking up the No. 10 operation yet again. But the issue which has the broadest support among MPs calling for change is a desire for Johnson to cut taxes. MPs from across the party – from the One Nation wing’s Damien Green to the ERG’s Steve Baker – have suggested this ought to be done sooner rather than later.

However, it appears they will have to wait a little while longer. This evening Rishi Sunak spoke to Tory MPs at a meeting of the 1922 committee. The Chancellor addressed the issue – telling MPs in the room that he did want to cut tax – but it had to be done when the fiscal weather allows. Sunak said he would ‘never, on an act of blind faith, do them at the expense of the fundamental soundness of our economy or public finances’.