“We Conservatives have a plan to deliver you to financial security,” Sunak said as he unveiled the Tories' blueprint for a fifth consecutive term in office in Silverstone, central England.

The Conservatives have promised to cut the national insurance amount paid by workers by a further 2 percentage points if the party is re-elected, Xinhua news agency reported.

“We will cut Employee National Insurance by 6 per cent by April 2027 – meaning we will halve it from 12 per cent from the start of this year, for a total tax cut of £1,300 ($1,657) for the average employee on £35,000 Will happen,” read the manifesto.

The manifesto states that the party will work to abolish National Insurance entirely when it becomes "economical to do so".

The party also promised to completely abolish stamp duty for first-time buyers on properties up to the value of 425,000 British pounds.

General elections will be held in Britain on 4 July. After being in power for more than 14 years, the Conservative Party is now consistently lagging behind its main rival Labor Party by about 20 points.

Sunak and his party also tried to woo voters by promising to reduce immigration.

The Prime Minister said, "Our plan is this: We will halve migration just as we halved inflation, and then reduce it every year."

"We also need border security," he said, vowing to cut down on illegal migration through the controversial Rwandan plan.

Responding to Sunak's election manifesto, Labor leader Keir Starmer called it "a recipe for the next five years of chaos".