London
In a bid to succeed Boris Johnson as the UK’s Prime Minister, Foreign Secretary Liz Truss has offered attractive tax cuts and other promises which have given her an unbeatable lead over former Chancellor of the Exchequer Rishi Sunak.
As per the latest estimate by betting exchange firm Smarkets, Truss has been rated at 90.09 per cent, in the race for the next permanent leader of the Conservative Party, after Boris Johnson. While Rishi Sunak received only 10 per cent.
The British public has lapped up the promises of immediate tax cuts by Truss which would put more money in their pockets and have just about rejected Sunak’s economic policies which are more in touch with reality.
The final two candidates, fighting for the UK PM post, have gone head-to-head in a debate in their first official grilling in the presence of Conservative party members in Leeds on Thursday.
Truss is leading in surveys of Tory members after vowing immediate tax cuts as Britain confronts a slump in living standards.
Rishi Sunak in his speech, after Truss announced immediate tax cuts, said, In the face of challenges, understand to get a grip of inflation and borrowing first, adding that the government has already tried having low corporation tax to get businesses to invest and it hasn’t worked.
