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RISHI Sunak finds himself trailing 20 points behind in the polls, presenting a considerable challenge for the Prime Minister. Despite the political landscape, the Prime Minister displayed composure as he engaged in a climbing wall activity during his visit to Plymouth, Devon. The visit also included an enjoyable session of abseiling at the Special Olympics, marking a highlight in his two-day trip to the South West.

During the excursion, the Prime Minister embarked on an early-morning run alongside Veterans Minister Johnny Mercer, pausing at a memorial dedicated to personnel who lost their lives while serving with 29 Commando Regiment Royal Artillery, according to The Sun.

In a move towards transparency, the Prime Minister released his tax returns, providing insights into his earnings from the previous year. His income of £2.2 million resulted in a tax payment of £508,308, reflecting an effective tax rate of 23 percent. Notably, a substantial portion of his income, £1.8 million, came from capital gains on assets in the fiscal year 2022/23, marking an increase from the previous year’s £1.6 million. This income was supplemented by his £139,000 MP and ministerial salary, as well as some investment shares.

It is worth mentioning that all investment income and capital gains originated from a US-based investment fund categorized as a blind trust. Additionally, the former California resident paid 6,847 US dollars in tax on 45,646 US dollars of dividends, which were taxed separately in the US in 2022.

The Prime Minister, along with his wife Akshata Murthy, boasts an estimated wealth of £529 million. As part of a commitment to transparency, he has fulfilled his promise to publish his tax returns. Meanwhile, this week, Chancellor Rishi Sunak faced criticism for making a £1,000 bet that Rwanda flights would resume before the election, raising questions about his connection with public sentiment.

Chancellor Jeremy Hunt also disclosed his tax documents, revealing a tax payment of £117,418 from an income of £416,605. The multifaceted developments add layers to the political landscape, contributing to the ongoing discourse surrounding the financial disclosures of key political figures.

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