London:
The race to choose a new Conservative Party leader who will take over as British prime minister early next month heated up on Monday as the two finalists – Rishi Sunak and Liz Truss – deal with the rising cost of living. They clashed over their proposals. Crisis across the country.
The issue of inflation and how to prevent it has emerged as the main battle line in the 10 Downing Street race, with the two candidates offering different perspectives. While Truss has promised immediate tax cuts if elected, Sunak has promised more targeted support for the most vulnerable families and further downgraded tax cuts.
Foreign Secretary Liz Truss told ‘The Financial Times’ that a fresh controversy erupted over the weekend that her plan to reduce taxes was more conservative than a proposal handout. It drew an immediate rebuke from former chancellor Rishi Sunak that it is “wrong to deny further direct support” to families struggling this winter.
Sunak writes, “Families are facing a long, hard winter with soaring bills. Yet Liz’s plan to deal with it is to deal a big blow to big businesses and the well-to-do who need help in the cold.” is needed the most.” ‘Sun’.
“What’s worse is that she’s said she won’t give support payments directly to those who are feeling the most trouble. We need clear-eyed realism, not starry-eyed boosterism. That means That’s bold action to save people from the worst cold. I have the right plan and experience to help people.”
Truss’s supporters hit back, saying his remarks over the weekend had been “misinterpreted”.
One foreign supporter, Trade Minister Penny Mordaunt, said: “I think the real challenge she has is to take large sums of money out of people’s pockets as taxes and then give some of that back in more complicated ways.” Go.” Secretary.
Northern Ireland Secretary Brandon Lewis said, “He is willing to do more to help people, but his focus is on doing it in a way that puts more money in people’s pockets, higher growth with higher wages.” economy, and more people at work.” Another truss supporter.
While the truce has promised a tax cut package of GBP 30 billion, which Sunak has argued would increase inflation and save only low-income earners of GBP 59 a year. However, both candidates are feeling the heat on the issue as the UK economy is expected to plunge into a one-year recession as inflation exceeded 13 per cent later this year, according to a Bank of England forecast from last week Is.
Former Labor British Prime Minister Gordon Brown, himself a former chancellor, warned that the cost crisis was too serious to wait a few more weeks until a new prime minister arrived.
He is calling on the Emergency Committee of the Cabinet Office Briefing Room A (COBRA) to immediately be in “permanent session” and also calling on Parliament, which is on summer vacation, until the incumbent Prime Minister Boris is referred to as urgency. In case to be recalled. Both Johnson and Tory leadership candidates could agree an emergency budget in the coming days.
“Even if Boris Johnson is now gone on leave, his deputies must negotiate hard to buy new oil and gas supplies from other countries and urgently build up the additional storage capacity that our The pass is currently lacking,” Brown writes in ‘The Daily Mirror’.
Supporters of the British-Indian former finance minister in the running are urging members of the Conservative Party, who will vote in postal and online ballots during this month, to have Sunak as chancellor to support families through the COVID pandemic crisis. to be judged on the basis of their record of doing so. ,
Meanwhile, the bookmaker’s odds remain firmly in favor of the truss, with bookie odds aggregator Oddschecker leading the foreign secretary at 87 per cent and Sunak at 13 per cent odds of winning.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)