Sunak or Truss to be next PM: breakdown of economic proposals

Tax cuts and cancelled corporation tax

Rishi Sunak and Liz Truss made the final round of the Tory leadership race, with one of them now set to become the UK's next prime minister.

The pair topped the final ballot of MPs on Wednesday (20 July) following a live debate between remaining candidates. The foreign secretary overturned a narrow lead held by trade minister Penny Mordaunt, at one point the favourite, to secure the backing of 113 Tory MPs to Mordaunt's 105. Former chancellor Sunak, who has come first in every round of voting, topped the ballot with 137 votes. FCA annual report marked by absence of Woodford and strikes However, the latest polls show that Sunak is not securely through the Number 10 door just yet and despite receiving the highest vote amo...