UK’s Javid sets out tax-cutting plan in pitch to be PM

LONDON (Reuters) – Sajid Javid, a contender to replace Boris Johnson as Britain’s prime minister, said on Monday he would cut a slew of taxes and hold an emergency budget to increase help for households hit by the rising cost of living if he was chosen as leader. Javid, a former finance minister and health minister, is one of several candidates to be Conservative Party leader promising tax cuts. He said he would bring forward an income tax cut, halt a corporation tax rise, and scrap an increase in social security contibutions. He would also cut fuel duty by 10 pence a litre and launch a new 5 …

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