Prime Minister Theresa May will today reveal her first manifesto as Conservative leader with a pledge to tackle the “complex problems” facing the country.
May is expected to vow to end the triple-lock on pensions, using the money to help younger workers instead, and scrap the Tories’ tax lock.
This will include a pledge to ensure corporation tax falls to 17 per cent by 2020.
She is also expectedto commit to wiping out the country’s budget deficit by the middle of the next decade, allowing for greater borrowing to support the economy in the run-up to Brexit, the Telegraph reported.
Launching her election plans ahead of the snap 8 June vote, she will say the next five years are the most challenging for a lifetime.
“Brexit will define us: our place in the world, our economic security and our future prosperity,” May will say, declaring that the manifesto, branded “Forward, Together” will serve as a statement of her intent to grapple with great challenges.
“People are rightly sceptical of politicians who claim to have easy answers to deeply complex problems. It is the responsibility of leaders to be straight with people about the challenges ahead and the hard work required to overcome them,” she will say.
May will launch her plans with a package of reforms designed to improve the UK’s social care system.
The changes will introduce a new £100,000 “capital floor” below which the cost of care cannot deplete assets. It replaces a previous offer to limit care costs to £72,000.
In addition, May will promise means testing for winter fuel payments, echoing a 2015 election promise from Ed Miliband’s Labour campaign.
On immigration, May will stand by a pledge to bring it down to the tens of thousands, but will give no deadline.
The BBC said the manifesto will propose extra charges for businesses who employ non-EU migrants and higher charges for migrants who use the NHS.