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Home » Rishi Sunak- Liz Truss latest: Tory leadership candidate denies tax cut ‘gamble’ of over £30bn would fuel inflation

Rishi Sunak- Liz Truss latest: Tory leadership candidate denies tax cut ‘gamble’ of over £30bn would fuel inflation

July 21, 20227 Mins Read United Kingdom
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Watch: Boris Johnson’s government wins confidence with 349 votes

Tory leadership frontrunner Liz Truss has admitted her plan to cut taxes would cost the UK £30bn-£38bn a year – but denied such borrowing would fuel inflation.

In comments that surprised experts, Ms Truss said: “My tax cuts will decrease inflation … It’s not a gamble.”

Asked on Radio 4’s Today programme to identify leading economists who agreed with her approach, Ms Truss, who has come under fire from rival Rishi Sunak over her tax-cutting proposal, named the right-wing Brexiteer Patrick Minford.

This week the International Monetary Fund’s UK head warned against tax cuts, suggesting they might boost inflation.

The foreign secretary also said she would have liked Boris Johnson to continue as Prime Minister – despite promising to tear up the economic plans he presided over.

And she said she had been wrong to back remain in the 2016 Brexit referendum.

Meanwhile, the former chancellor declared himself as a Thatcherite. The pair will try to win over the support of local politicians today when they participate in the private hustings for the Conservative Councillors’ Association.

Key points

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Watch: Boris Johnson’s best PMQs insults following final clash with Keir Starmer

Boris Johnson’s best PMQs insults following final clash with Keir Starmer

Thomas Kingsley21 July 2022 13:34

1658406012

Sunak wins over one councillor but others undecided

A Tory councillor said Rishi Sunak won him over in private leadership hustings with the Conservative Councillors’ Association.

Councillor Ben Mabbett, from Vale of White Horse District Council in Oxfordshire, said Mr Sunak has a more realistic plan for the country than MsTruss.

He told the PA news agency: “I was very much a floating voter before this time because there were so many good candidates in the leadership election, so I was really open-minded.

“I’m ready for Rishi now. He had some great answers to questions, he has a sensible plan and actually, I think he’s got a more realistic plan for the country and something that I think will go over better with the electorate”.

Mr Sunak was more convincing on topics including social care, housing and environment, Mr Mabbett said.

But councillor Rhys Smithson from Colchester said he was still undecided after the closed session, but was leaning slightly towards Ms Truss.

He said: “They’re both very, very different, different approaches, different ideas.

“If I had to put money on anything, I would say Sunak is probably more grown up, but I would say Truss is more passionate.

“Truss will appeal more to members, I think Sunak will appeal more to the electorate”.

Jane Dalton21 July 2022 13:20

1658405711

Mordaunt hits back at ‘laziness’ jibes

Penny Mordaunt has taken aim at her ministerial boss by joking she was “amazed” to be back at the Commons despatch box given her “reported work ethic” — while standing next to her.

But her supporters lavished praise on her as she returned to her frontbench duties after being knocked out of the leadership race.

Penny Mordaunt mocks criticism of her work ethic as she returns to the Commons

Penny Mordaunt hits back at jibes from her boss that she’s lazy in Commons return

International Trade Secretary Anne-Marie Trevelyan was among those to use the Tory leadership contest to criticise Ms Mordaunt

Jane Dalton21 July 2022 13:15

1658403311

Truss brands Thatcher claims ‘sexist and frustrating’

Ms Truss has denied that she has been modelling herself on former prime minister Margaret Thatcher, suggesting comparisons to the former Tory leader were sexist. It was “frustrating that female politicians always get compared to Margaret Thatcher”, she said. Thomas Kingsley reports:

Truss denies ‘frustrating’ claims she is modelling herself on Thatcher

Tory leadership contender suggests male politicans do not face the same comparisons

Jane Dalton21 July 2022 12:35

1658402430

Badger-cull protesters greet Truss

Ms Truss was met by badger-cull protesters as she arrived for a hustings with Conservative councillors.

The leadership contender smiled as she walked into the Local Government Association’s offices in Westminster, but questions by reporters were drowned out by the noisy demonstration.

A dozen protesters, one wearing a badger costume, chanted: “Save our badgers, stop the cull”, as Ms Truss walked past.

As environment secretary, she reportedly changed the badger licensing criteria so that the badger cull could be rolled out.

Ms Truss‘s rival, Rishi Sunak, was still being grilled by local government politicians in a private session inside.

(Getty Images)

Jane Dalton21 July 2022 12:20

1658401016

Journalists share bespoke Ready for Rishi merchandise as the Tory leader hopeful begins his hustings campaign in Westminster today

A box provided to reporters includes a can of Coco cola, a chocolate bar and a customised bottle of factor-50 sun lotion.

A message in the box reads: “Looking forward to seeing you out on the road. Just a little something to make sure you protect yourself in this hot weather.

“After all, we wouldn’t want anyone going red.”

Thomas Kingsley21 July 2022 11:56

1658400322

Liz Truss arrives for a hustings event in Westminster

Tory leadership contender Liz Truss was met by badger-cull protesters as she arrived for a hustings with Conservative councillors.

The foreign secretary smiled as she walked into the Local Government Association’s offices in Westminster, but any questions by reporters were drowned out by the noisy demonstration.

A dozen protesters, one wearing a badger costume, chanted: “Save our badgers, stop the cull”, as Ms Truss walked past.

Ms Truss’s rival, Mr Sunak, was still being grilled by local government politicians in a private session inside, with Ms Truss up next.

(PA)

Thomas Kingsley21 July 2022 11:45

1658399542

Do you think Liz Truss or Rishi Sunak will become the next prime minister?

The race is on for the keys to 10 Downing Street after the Tory leadership contenders were whittled down to the final two – Rishi Sunak and Liz Truss.

On Wednesday, Penny Mordaunt was eliminated after a closely fought fifth round of voting saw her miss out on second place to Ms Truss by just eight votes.

Former chancellor Mr Sunak scooped 137 votes, Ms Truss 113 and Ms Mordaunt 105.

We want to know who you think will become Tory leader and subsequently the UK’s next prime minister – in our reader poll. Read more below on how to vote:

Who do you think will become the next prime minister? Have your say

Who do you think will win the Tory leadership race? Cast your vote in our reader poll

Thomas Kingsley21 July 2022 11:32

1658398522

Rishi Sunak arrives for a hustings event in Westminster

Tory leadership candidate Rishi Sunak greeted reporters as he arrived for a hustings with local government politicians.

The former chancellor smiled and said “morning”, but declined to answer any questions as he walked into the Local Government Association’s offices in Westminster for a behind-closed-doors session with Conservative councillors.

Mr Sunak and rival Liz Truss are holding the first in a series of summer hustings on Thursday morning, a day after making it into the Tory leadership run-off.

Arriving before Mr Sunak, Levelling Up Secretary Greg Clark said: “We’ve got two very good candidates and I know and expect they’ll be very keen on levelling up.”

(PA)

Thomas Kingsley21 July 2022 11:15

1658397622

Tory MP Tobias Ellwood has said he is backing Rishi Sunak

Tory MP Tobias Ellwood has said he is backing Rishi Sunak for prime minister after a “miserable” couple of weeks.

The senior backbencher – suspended after failing to turn up to back the government in a confidence vote – said he would throw his weight behind Sunak after backing defeated candidate Penny Mordaunt.

“What I’d like to see, I think, as I say, is absolute commitment to advancing Britain’s defence posture,” he told Times Radio.

“Given the challenges domestic and foreign, I think Rishi Sunak is probably best placed to take our country forward, and most importantly, to unite the party.”

He added: “This has been a miserable couple of weeks for the party itself. We’ve not showcased the ideas, the vision, and expressed to the electorate any justification for us to remain in government right now.”

(PA Archive)

Thomas Kingsley21 July 2022 11:00

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