Nadhim Zahawi, who replaced Sunak as chancellor last week, today said he would cut the basic rate of income tax from 20p to 19p in the pound next year, and to 18p in 2024, while also pledging to reduce the overall tax burden as a percentage of GDP every year.
Article source: https://www.huffingtonpost.co.uk/entry/tory-hopefuls-spending-commitments_uk_62cc4149e4b0359fa47ecf15