Rishi Sunak boasts about ‘undoing rules’ that put funds in ‘deprived areas’

Mr Sunak appeared to have emerged well from last night’s Tory leadership debate, but allies of Liz Truss have claimed Sky News’ audience was crammed with supporters of the former Chancellor.

They said the audience was hostile to the Foreign Secretary, with one of the harshest critics being identified as former MPs Chief of Staff Anna Soubry, who quit the Conservative Party over Brexit.

Tom Harding, who previously worked for Ms Soubry, questioned Ms Truss about her about-turn on regional civil servant pay and urged her to apologize for the “offensive” policy.

Here’s a reminder of where both candidates stand on the key issues.

budget on the first day

One of the reasons the cost of living crisis has dominated the Tory leadership campaign is what is happening to house prices.

Property values ​​started falling as the market was hit by people with less money to spend and higher interest rates to fight inflation.

The average house price fell by £365, or 0.1 per cent, last month after years of strong growth.

According to industry forecasts, house prices could fall by as much as 10 percent next year.

Homebuyers are also facing a bottleneck in raising new loans as lenders pull off mortgages as quickly as possible since the pandemic-induced housing market shut down.

With interest rates soaring to their highest levels since the 2008 financial crisis, Matthew Lynn Details why Ms Truss will need an emergency budget on day one if she is to stop a recession.

Betray Thatcher

Another theme that came up in the campaign was the candidates’ commitment to the UK target of reaching net zero by 2050.

“Our fields shouldn’t be full of solar panels and I will change the rules,” Ms Truss said to warm applause, at least from part of her Tory audience, and the clips are now going viral on social media.

UK Onward’s latest poll shows that 51 per cent of committed Conservative voters want to keep the course to net zero, versus 34 per cent who want to abolish it.

But that hasn’t stopped both candidates from criticizing renewable energy in various places.

Ambrose Evans-Pritchard sets out the reasons why the Tories are doomed if they betray Margaret Thatcher and pull out of net zero.

comment and analysis

Around the world: China sends warships across the border

Chinese warships and warplanes crossed the unofficial cross-strait border line today, prompting Taipei to blast its “evil neighbor next door” as Beijing held a second day of unprecedented military drills. The median line has been an unofficial buffer line between China and Taiwan for decades. Crossing them is tricky because the Taiwan Strait is only 130 kilometers wide at its thinnest point and military intervention increases the risk of accidents. This outburst of belligerence is the most serious display of Chinese power since the 1995-96 cross-strait crisis. Read why Taiwan has once again become a flashpoint of global tensions, whether a Chinese invasion is imminent and how their armed forces are faring.

interview on Friday

“Britain was nirvana for me. But now…’ Rishi Sunak boasts about ‘undoing rules’ that put funds in ‘deprived areas’

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