What can we expect in the Tory manifesto?

Day two of manifesto week will see the Conservatives launch their prospectus for government. At a chunky 77 pages, the document aims to set out what the Tories intend to do if given another five years. Rishi Sunak’s party has already announced a slew of policies in the campaign (from mandatory national service to more help for pensioners). However, there will still be new ideas, with a focus on the economy through tax and welfare. Below is a run-down of what we can expect from this morning’s announcement in the East Midlands.

Taxation

The centrepiece of the manifesto is likely to be a 2p cut to national insurance, taking the employee rate to six pence in the pound. Like Labour, the Tories have ruled out any increase to the rate of income tax, National Insurance or VAT. However, Sunak’s party will not promise to cut or abolish inheritance tax, to the disappointment of many.