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

Tax cuts and cancelled corporation tax

Eve Maddock-Jones
clock • 2 min read

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...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

Bank of England commits to economic forecasting overhaul following Bernanke review

Bank of England commits to economic forecasting overhaul following Bernanke review

'Substantial' upgrade programme

Valeria Martinez
clock 12 April 2024 • 2 min read
Ben Bernanke urges Bank of England to upgrade 'out of date' forecasting infrastructure

Ben Bernanke urges Bank of England to upgrade 'out of date' forecasting infrastructure

Publication of ‘alternative scenarios’

Valeria Martinez
clock 12 April 2024 • 3 min read
IMF managing director warns central banks to 'resist' calls for early rate cuts

IMF managing director warns central banks to 'resist' calls for early rate cuts

Banks on ‘final stretch’ of inflation battle

Eve Maddock-Jones
clock 12 April 2024 • 2 min read
Trustpilot