The Tory leadership race should be “concluded quickly” and future leadership election processes could be reviewed to speed them up, the Education Secretary has suggested.
Asked by LBC radio whether it was appropriate to hold weeks of leadership campaigns as the energy crisis continues, James Cleverly said:
It is the system that is in place. I think it is legitimate to consider reviewing this.
It’s an internal party process rather than a government process, but as I said, the government is still working, the ministers are still working.
Asked if it was a “bad look”, he added:
I would have been happy if this whole process ended more quickly, but as I said, one of the people fighting for this is a backbench MP who is no longer involved in government at all , Liz is the Minister of Foreign Affairs and I know she is still active in the field of foreign affairs as well.
But yes, of course we would like this to be over soon, but we are still working nonetheless.
The Education Secretary has defended Liz Truss’ plans to cut taxes after economists suggested they may not be sustainable.
Asked about the assessment, Truss campaign supporter James Cleverly told Sky News:
Frankly, what we have seen is that the growth of the UK economy is not as dynamic as we would like.
That’s what Liz is after, it’s a strategy for growth, and if you don’t have a plan for growth, you don’t have a plan for government.
Britain’s first double-digit inflation in more than four decades has cast doubts on the plausibility of the tax cuts promised by Liz Truss and Rishi Sunak during their leadership battle, one of the leading groups has claimed British thinkers.
Following news that the government’s preferred measure of the cost of living rose 10.1% in the year to July, the Institute for Fiscal Studies said higher inflation would lead to additional expenditure for social benefits, state pensions and debt interest.
The result of inflation five times higher than a year earlier would be weaker public finances, making it more difficult for either of the two hopefuls to replace Boris Johnson to meet their fiscal commitments, a said the IFS.
Truss, the favorite to be the next Prime Minister, has said she will reverse the rise in National Insurance contributions and not go ahead with the planned rise in corporation tax next year – with her package estimated at £30 billion. Sunak said he would cut taxes, but only when inflation is back under control.
But the IFS said that over the next financial year – 2023-24 – borrowing is likely to rise by £23bn as the government is expected to raise benefits and pensions based on a higher rate of inflation. high at a cost of £4 billion and also pay. 54 billion higher debt interest on inflation-linked bonds. Spending increases would only be partially offset by a £34 billion increase in tax revenue due to rising inflation.
The think tank said there would be further pressure, likely to run into the tens of billions of pounds, to continue supporting households struggling with higher energy bills and to compensate utilities for the impact higher than expected inflation.
In a new report published today, the IFS said Truss and Sunak must acknowledge even greater than usual uncertainty in public finances. Pressures on public services would be more acute, higher-than-expected spending seemed ‘inevitable’ and tax revenues would depend on the length and depth of the recession forecast by Threadneedle Street.
The think tank said additional short-term government borrowing was not necessarily a problem – and might be appropriate to fund targeted support, but deep permanent tax cuts on the scale being considered during the election campaign. of the Conservative Party would exacerbate “already substantial pressures” on public finances unless corresponding spending cuts are also implemented. In reality, “significant” increases in spending would likely be needed in the face of high inflation, he added.
Carl Emmerson, Deputy Director of IFS and an author of the report, said:
The reality is that the UK has gotten poorer over the past year. This makes tax and spending decisions all the more difficult. It is difficult to reconcile promises by Ms. Truss and Mr. Sunak to cut taxes in the medium term with the absence of specific measures to reduce public spending and an alleged desire to manage the nation’s finances responsibly.
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Liz Truss is set to win the Tory leadership race by a decisive margin next month, according to an exclusive Sky News poll.
The foreign minister has a 32-point lead over rival Rishi Sunak in the poll, which was released today.
The gap between the two candidates to replace Boris Johnson has narrowed – Truss had a 38-point lead in the last poll – but the Foreign Secretary is still set to win by a wide margin.
The YouGov survey suggests that 66% of members vote for Truss and 34% support Sunak, once those who don’t know or won’t vote will be excluded.
In news that will appeal to Johnson, the survey shows Tory members still favor the incumbent prime minister and believe ousting him was a mistake.
A total of 55% say Tory MPs were wrong to actually force Johnson to resign, while 40% say they were right.
If Johnson were still in the contest alongside Sunak and Truss, 46% would vote for Johnson, 24% for Truss, and 23% for Sunak.
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