British Prime Minister Sunak's election manifesto focused on tax cuts and promised to cut $29.2 billion a year

Prime Minister Sunak put tax cuts at the heart of his Conservative Party's election manifesto, promising to cut taxes for working people by 17.2 billion pounds if re-elected.

Reuters reports that Britain will hold a national election on July 4, Sunak said Tuesday (June 11) at the launch of the Conservative party's election manifesto: "I don't lose sight of the fact that people are disappointed in the party and in me, that things haven't always gone smoothly and that we haven't got everything right, but we are the only party in this election that has big ideas to change the country for the better."

Sunak said there would be tax cuts of £17.2 billion a year by 2029-2030, while welfare spending would be cut by £20.6 billion a year. In addition, cracking down on tax avoidance and evasion will bring in an extra £6 billion a year.

Sunak has also pledged to halve immigration, build more homes and provide financial support for first-time buyers.

The package of measures announced by Sunak was designed to underline the Conservatives' key message that they are the party of tax cuts, while Labour will raise taxes.

However, Sunak's manifesto failed to dent Labour's lead.

Polls give Starmer's opposition a lead of more than 20 points, with Labour expected to secure its biggest-ever majority.