Liz Truss

Leadership candidates ignored calls from fellow Conservatives not to 'tarnish the brand' as they wrangled over tax cuts, inflation and relations with China.

Allies of Sunak have suggested he will take numerous broadcast opportunities in order to highlight one of his own strengths versus Truss’s perceived weakness. “He came across like a public school mansplainer,” said one. I’m not going to give him fashion advice,” said Truss, when challenged about Dorries’ comments. “I am not going to give Rishi fashion advice. Truss said: “Rishi, that is not true. “That is the country’s credit card. “I am sure he will have a role. He needs a well-earned break.” But Downing Street responded by insisting Johnson will leave the post when a new leader is chosen. The OECD has described Rishi’s policies as contractionary.” No other country is putting up taxes at this moment. Sunak, whose resignation from cabinet on the same day as Sajid Javid precipitated the ousting of Johnson, paid tribute to Johnson as “remarkable” but said he had reached a point where “enough was enough”.

After a televised Conservative leadership debate exposed the stark divisions among rivals vying to be the next UK prime minister, Rishi Sunak turned to Liz ...

The UK foreign secretary remains in pole position in the race for 10 Downing Street.

Questions about the role of Brexit in last week’s border crisis were reduced to a simplistic yes/no format. And despite the bitter attacks ongoing behind the scenes, up on the stage Truss insisted she would still offer Sunak a position in her government. Monday night saw significant time devoted to questions about Johnson, who appointed both candidates to two of the most senior roles in his government. On multiple occasions the BBC’s Sophie Raworth, acting as referee, was forced to step in and request Sunak let Truss have space to answer. One spokesperson for the Truss campaign went even further, telling the Times newspaper that Sunak had “tonight proven he is not fit for office.” But this time round the same pollster found Truss and Sunak were almost neck and neck among voters across the U.K. The personal attacks from both candidates were relentless during a long initial segment on tax policy. In the event, the foreign secretary did exactly what she needed to do. Sunak is quickly running out of time to turn things around. In an hour of primetime political TV, the candidates and presenters rarely touched on totemic issues such as Britain’s National Health Service, or rising crime. For her part, Truss compared Sunak to the former Labour Prime Minister Gordon Brown, and said Sunak’s criticisms of her tax proposals were reminiscent of the “Project Fear” campaign run by those supporting a Remain vote in the Brexit referendum. It’s early days, but she appears on course for No. 10.

The Tory leadership candidates attacked each other so relentlessly, it was hard to believe they were in the same party.

Rishi Sunak, meanwhile, said he learned everything he knew from his daughters, which is of course great to know, because why ask experts when there are children available and they are really keen on recycling? But her first move, hitting the ground running, will be to end the green energy levy, and her best ideas to tackle climate change are being thrifty, the way she is, and wasting less food. It was in many ways an extraordinary performance, in which Sunak seemed genuinely riled and Truss showed an uncharacteristic boxer’s agility, but it was destructive and unrestrained, with no sense of anything worthwhile or worth preserving at the centre of it. This reminds me of the last time interest rates were out of control, and people were trapped in negative equity, or made homeless or often both. The lowest blow of the format was to ask each to rank Boris Johnson out of 10 – Liz Truss gave him a seven. That’s not Conservatism”. Even before they started fighting, the proposition was impossible; each is absolutely certain of what to do now, yet nothing has been done right at all by the government they’ve both been running.

RISHI Sunak and Liz Truss have clashed noisily and repeatedly in the first head-to-head TV debate of the Tory leadership debate, arguing over the…

And crashing the economy in order to pay a debt back quicker is a massive mistake,” she said. And it's going to mean that we absolutely have no chance of winning the next election either.” However Ms Truss said she would act “immediately” by reversing the increase in National Insurance and have a temporary moratorium on the green levy on fuel bills. She said she would also put in place a growth plan for the economy, taking advantage of “post-Brexit opportunities”. Ms Truss said: “Rishi that is not true, under my plans, we would start paying down the debts in three years time, Covid was a one in 100 years event, no other country is putting up taxes at this moment, the OECD has described Rishi’s policies as contractionary.” Ms Truss said: “Under my plans, we would start paying back the debt in three years time, so I’m not putting it on the never never.”

Foreign Secretary Liz Truss and former chancellor Rishi Sunak held their first head-to-head debate as part of the race to succeed Boris Johnson as Conservative ...

They denied this but Brexit is one of the main factors involved. The change means more staff and bigger facilities are now required to make the checks. The UK has secured trade agreements with over 60 countries since the Brexit vote. But the Institute for Fiscal Studies has pointed out that inflation will eat into that figure. However, over the last decade installation rates have fallen. For example, the government's increases to public sector pay will cost billions.

The pair clashed over taxes and Boris Johnson in their first live one-on-one TV debate - which saw them come out neck and neck in a snap Opinium poll.

She would also not answer directly when asked if she would allow Mr Johnson to serve in her cabinet, instead saying she did not think that would happen because she believes he "needs a well-earned break". But Ms Truss hit back: "This Chancellor has raised taxes to the highest rate in 70 years and we're now predicted a recession. However when pressed she eventually said he would not be part of her top team, saying: "I am sure he will have a role, I am sure he will be vocal but he will not be part of the government." He got a round of applause when he said he resigned "on principle" as "enough was enough" due to issues over conduct and the economy. In another rare sign of harmony, both candidates said they would want the other to be involved in their government - although allies of Ms Truss were reported to have said Mr Sunak had demonstrated "aggressive mansplaining and shouty private school behaviour" during the debate. He spoke over Ms Truss a number of times as he warned inflation was a problem in the 1980s and it is a "problem we have now".

When it comes to the most pressing issues for our nation, all this divided Tory party can do is repress, displace and deny.

It is not a healthy way to run a country. That is a tactical appeal to those Johnson loyalists who see Sunak’s resignation as the most treacherous of all the ministerial blows that felled their champion. The candidates were asked whether the current tailbacks of traffic at Kentish ports are a consequence of Brexit. The correct answer is yes. Not the terms of the deal, its economic impact or the wisdom of the Northern Ireland protocol bill that threatens to trigger a trade war with Brussels as the cost of living crisis bites deeper. This is not a safe way to choose a prime minister. Sunak appealed directly to that faction by lamenting Truss’s departure from prudence as a misguided promise that “we can have our cake and eat it” – Johnson’s favourite boosterish idiom. (He was eager to remind the audience of both facts at every opportunity.) As my colleague Jonathan Freedland noted last week, Brexit is a mood, not a policy now, and Truss has captured it to the exclusion of her rival. That was not a good look for any chancellor, and his peevish reaction misread the national mood. He is styling himself as a frugal Tory of the old school. He steered the topic into a parable of Conservative immigrant aspiration. Beyond budget specifics, the battle consists of lunges and postures that are meant to project strength and determination. They might have steely cores, but the needy ways they try to prove it show only their plastic shells.

We'll send you a myFT Daily Digest email rounding up the latest UK politics & policy news every morning. Liz Truss, foreign secretary, has proposed sweeping ...

Labour dismisses Conservative leadership hopeful's plan for minimum service levels as unworkable.

NHS staff are to receive a rise of at least 4.5%, while teachers will have at least a 5% increase. Both teaching and health unions have warned of potential strike action over the latest pay offers. I will do everything in my power to make sure that militant action from trade unions can no longer cripple the vital services that hard-working people rely on.” “Truss is proposing to make effective trade unionism illegal in Britain and to rob working people of a key democratic right,” he said. Rail services are to be severely disrupted from Wednesday, with thousands of workers at Network Rail and 14 train operators striking. Truss has also pledged to raise ballot thresholds from 40% to 50% of employees.

UK Foreign Secretary Liz Truss's economic manifesto would boost both economic growth and inflation if she wins the race to become prime minister, ...

We've taken a closer look at the claims made by the final two contenders to be the next Prime Minister.

However, there have been many other changes announced in the system of taxes and benefits that affect how much money working people keep, and receive, from the government. As we wrote at the time, these varying claims were all based on slightly differing estimates for the predicted and historic tax burden. However, the IFS has also noted that Ms Truss has “hinted” she may change the current fiscal rules. (The additional rate—for incomes over £150,000—was cut from 50% to 45% in 2013.) And the National Institute of Economic and Social Research has forecast consecutive contractions in Q3 and Q4 this year. It states that “GDP is projected to increase by 3.6% in 2022, before stagnating in 2023”. The Institute for Fiscal Studies (IFS) has also written an analysis of Mr Sunak and Ms Truss’ tax and spending plans. Ms Truss seemed to refer to one of these rules when she said in the debate that debt should be on course to fall as a share of national income in three years’ time. On the BBC Today programme on 21 July, Ms Truss was asked if her plans would cost £38 billion. However, the rise in inflation since then may have affected this figure. Mr Sunak claimed that his plans include the first cut to income tax in 16 years, and that his plans would “deliver tax cuts in this parliament for working people”. We’ll be continuing to cover the leadership contest in the coming days and weeks.

The economy dominated as Rishi Sunak and Liz Truss took part in their first head-to-head TV debate.

You can also get in touch in the following ways: We need a fresh start for Britain. We need a Labour government," he said. He refused to criticise Mr Sunak for interrupting, but said viewers would have to make up their own minds about his debating style. She later said the Brexit referendum was when she had learnt not to trust Treasury forecasts on the economy. He said Mr Sunak was acting like he had "just come down from the moon" and discovered the economy was in a bad way when he had been in charge of it until three weeks ago, while Ms Truss was playing "fantasy economics" without explaining how she would pay for tax cuts. The pair were on better terms by the end of the debate, with Ms Truss saying she would "love" to have Mr Sunak on her team if she becomes PM. The ex-chancellor praised her stance on Russia.

Keir Starmer has said a Labour Government would fix “broken” water and energy markets through regulation before nationalising the railways because of ...

Do get in touch with anything we’ve missed at [email protected]. The report, published by centre-right think tank Public Policy Projects (PPP), comes as the Conservative leadership debate focuses on tax cuts. This morning, politicians have been sharing their views. Meanwhile, MP David Davis dismissed the suggestion that Rishi Sunak was “mansplaining” to Liz Truss as “spin”. He told Sky News: “Sometimes it’s important to intervene in debates.” Simon Clarke, chief secretary to the Treasury and a supporter of Liz Truss, has said the 7% mortgage interest rates figure brought up in the debate by Rishi Sunak “is not part of Liz Truss’s plans”. We’ve got to recognise that after the pandemic we’re in a different situation financially to the situation that we were in before, and we want a responsible government that says if we’re going to do something we will tell you how we’re going to pay for it.

Sunak didn't move the needle in Tory leadership debate in the campaign that will determine the next prime minister.

He needed to gamble, but the cautious numbers guy couldn’t find the lever to reverse his fortunes. In Monday’s prime-time BBC television debate between the two candidates to replace Boris Johnson as Conservative party leader and UK prime minister, former Chancellor of the Exchequer Rishi Sunak started very much as the underdog against Foreign Secretary Liz Truss. He certainly came out fighting, but Truss held her ground and steadily got her points across. Post-game analysis suggests he’ll remain the second choice with the 175,000 or so Tory party members who get to make the selection.

Liz Truss beat her rival Rishi Sunak, according to a survey of ruling Conservative party members, the electoral college to choose the winner.

More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance. However, Sunak marginally defeated Truss, again according to Opinium, in a poll of regular voters who watched the debate. Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. It would appear he did not make up sufficient ground with this constituency as yet to turn the tables on Truss.

After BBC debate against Liz Truss, former chancellor accused of 'mansplaining'

And that is the point that Liz is making. Davis added: “This is a debate to find the prime minister of this country. “It was a pretty intense approach to the early parts of the debate last night,” he told LBC. “When we’re in the Commons we have these comparatively fierce exchanges lots of times, all the time.” Do you believe the tax cuts grow the size of the economy? Do you believe that they are in themselves something which can create more fiscal space by growing the underlying economy?” he told Times Radio.

Polls suggest former chancellor failed to land a major blow on the foreign secretary in key TV debate.

Foreign Secretary Liz Truss won Monday's debate against Rishi Sunak, according to a poll of Conservative party members that exposes the former chancellor's ...

If you listen to Liz Truss's allies on economic policy, Britain may be about to end the era of cheap money, delivering significant pain for millions of ...

Currently the UK Foreign Secretary, Truss is leading the race to become the next Prime Minister of the country.

In a campaign video, Truss said she is “committed to core conservative principles, low taxes, a firm grip on spending, driving growth in the economy”, and stressed on her experience in the government. In 2012, Truss became the Parliamentary Under Secretary of State for Education and Childcare, and later held portfolios related to environment, food and rural affairs, and she has referenced this experience in her campaigning. Later, she said she was wrong and now appreciates the “opportunities” being provided as a result. She worked in the energy and telecommunications industry for 10 years as a commercial manager, among other jobs in the private sector. These party members from the entire country, and not just MPs, will vote on September 2 to decide who becomes the next PM. This will happen after several televised debates and campaigning among the people. Elizabeth Truss read philosophy, politics and economics at the Oxford University and according to a BBC report, from there on she became more inclined towards Conservative ideals of reduced role of the government, and greater role of the private sector in the economy.