wallace — it, penny mourdant has done it. wallace has done it. we it, penny mourdant has done it.allace has done it. we could almost go through the whole _ wallace has done it. we could almost go through the whole cabinet! - wallace has done it. we could almost go through the whole cabinet! we - wallace has done it. we could almost| go through the whole cabinet! we can assume that most of the endorsements are done, carry on. it’s assume that most of the endorsements are done. carry on— are done, carry on. it's inevitable. of course — are done, carry on. it's inevitable. of course they _ are done, carry on. it's inevitable. of course they were _ are done, carry on. it's inevitable. of course they were going - are done, carry on. it's inevitable. of course they were going to - are done, carry on. it's inevitable. of course they were going to back| of course they were going to back truss. _ of course they were going to back truss, because she was cutting taxes, _ truss, because she was cutting taxes, whilst rishi is sticking his neck_ taxes, whilst rishi is sticking his heck out — ta

we didn't really think an awful lot of penny mourdant before the race beyond but she was very interestinging in the daily mail- — the headline says "i will called junk tax." —— holtjunk food tax. i've known liz a long time. she's a very— i've known liz a long time. she's a very decent— i've known liz a long time. she's a very decent person and capable. i wish her— very decent person and capable. i wish her well in her campaign. i think the — wish her well in her campaign. i think the way that she's doing this is focusing — think the way that she's doing this is focusing on the small state tory, removing _ is focusing on the small state tory, removing the nanny state. she is definitely— removing the nanny state. she is definitely going for the low tax thing — definitely going for the low tax thing. but i personally am not buying — thing. but i personally am not buying the line that you can just cut your — buying the line that you can just cut your taxes and grow your way out of the _ cut your taxes and grow your way out of the problem. we spent 400 billion on covid, _ of the problem. we sp

on the issue and she received a boost tonight, with backing from the ex—leadership contender, penny mourdant both rishi sunak and liz truss are trying to convince tory party members that they are the true blue believers in lower tax — but are pitching very different arguments about what should be cut and when. let's look at rishi sunak�*s plan first. last week, he promised to scrap vat on energy bills from october if the price cap rises above £3,000. but mr sunak has warned that deeper tax cuts now would fuel inflation and risk a hike in interest rates. however, he had already committed to cutting the basic rate of income tax in 2024 to 19% and today said he wants to go further — and cut the basic rate by another 3p in the pound within seven years — a move mr sunak claims could be funded by economic growth. we'll do that responsibly overtime, continuing to reduce our borrowing and we'll do it by growing the economy, taking advantage of our brexit freedoms and getting our businesses to invest more and innovate more through the tax reforms that i'm going to put in place. but with energy bills