London Daily

Focus on the big picture.
Friday, Jul 31, 2026

Liz Truss's economic vision remains popular with Tory members

Liz Truss's economic vision remains popular with Tory members

What we have learnt explicitly this week is Liz Truss's diagnosis of the country's economic problems extends well beyond her opponent Rishi Sunak's attitude to taxes.
The foreign secretary is arguing the country has been hobbled by a 20-year economic malaise caused by successive governments of various colours.

From New Labour to the coalition government of the Conservatives and Liberal Democrats and beyond - she suggests there has been a claggy consensus.

Now, she argues, it's time to unleash the Tory tigers of tax cuts and deregulation to jump start the economy.

There is yet more evidence her vision is proving popular with the 160,000 or so people who hold the keys to No 10 Downing Street - members of the Conservative Party.

A poll from YouGov suggests she has a whopping lead over Rishi Sunak.

He insists tax increases that are coming - such as rising corporation tax - are justified given the colossal costs of Covid, and cutting tax too soon could make dealing with soaring prices harder.

Expect him to argue too that Liz Truss should spell out how she would pay for promises like sorting out social care or dealing with the NHS backlog while also cutting taxes.

What has struck me is Liz Truss's diagnosis of what is at the root of many of the UK's problems - sclerotic economic growth - is very similar to what the Labour leader Sir Keir Starmer thinks.

Their solutions to address the issue would be very different, but the problem they're trying to solve is the same.

As for Rishi Sunak, we can expect him to broaden his attempts to appeal to Conservative members.

It looks like there'll be a blitz of policy ideas, taking in topics such as crime, immigration and Brexit.

Where possible, and there won't be much chance, both candidates will try to get some rest.

It's been a whirlwind few weeks and one of them is moving house in just over six weeks; their life and that of their families never the same again.

Before then, the longest job interview of their lives. Plenty more scrutiny and jeopardy awaits.
Newsletter

Related Articles

0:00
0:00
Close
Andy Burnham has Announces Plans to Redistribute Income Tax Revenue to English Mayors
Early-Release Scheme Faces Fresh Scrutiny as Reoffending and Prison Recalls Rise
Police Phone Checks Followed Report on Murder of MI5 Agent Inside Sinn Féin
Archbishop of Canterbury Reaffirms £100 Million Reparative Justice Fund During Ghana Visit
Charities Allege French Police Used Tear Gas Against Channel Migrants
Norwegian Teenager Convicted Over Iran-Linked Murder Plot in Britain
Christian Organisations File Charity Complaints Against Amnesty International UK
Ofgem Tightens Grid Connection Rules for New Data Centres
FTSE 100 Reaches Record High Despite Global Technology Sell-Off
Millions of UK Households Urged to Check Eligibility for Winter Energy Discount
Labour Restores Parliamentary Whips to Diane Abbott and Joani Reid
UK Supreme Court to Hear Challenge Over Palestine Action Ban
UK Commits More Than £8.4 Billion to Dreadnought Nuclear Submarine Programme
England Declares Severe Drought as Wildfire Burns Near Sizewell Nuclear Site
Bank of England Holds Interest Rates at 3.75% as Middle East Tensions Fuel Inflation Risks
Drought Status Extended Across All of Wales as Heat and Dry Weather Deepen Environmental Strain
Record-Low Danube Exposes Probable Mammoth Remains in Bulgaria
UK Business Confidence Climbs to Four-Month High
Greater Manchester Gains Expanded Powers Under Regional Funding Reforms
UK Supreme Court to Hear Appeal Over Palestine Action Terror Ban
Shell's Quarterly Profit Doubles to Nearly $10 Billion on Higher Energy Prices
UK Government Removes VAT From Household Electricity Bills
Exceptional Drought Grips Half of England as Wildfire Threatens Sizewell
Bank of England Holds Interest Rates at 3.75% as Inflation Risks Persist
US Says It Has Carried Out Heavy Strikes on Iran After Attempted Attacks on Its Forces
The chief executive of the popular gaming company laid off many employees and his pay rose to 38 million dollars
UK Employment Holds Steady as Wage Growth Remains Moderate
England to Introduce Artificial Intelligence into Secondary School Curriculum
Wales Launches £1.2 Billion Industrial Regeneration Programme
High Court Upholds UK Digital Surveillance Framework
Northern Ireland Reaches Budget Agreement on Infrastructure and Public Sector Pay
Home Office Expands Digital Border Checks Nationwide
UK Approves Major North Sea Wind and Carbon Capture Project
The World's Most Terrifying Smartphone: Recording, Documenting, and Reporting to the Regime
Scotland Approves Major Renewable Energy Expansion
UK and United States Sign AI and Semiconductor Cooperation Pact
UK Treasury Tightens Fiscal Controls After Gilt Market Volatility
Bank of England Holds Interest Rates at 4.5%
UK Unveils £10 Billion NHS Funding Overhaul and Workforce Reform
The AI User Nightmare: Private Claude Conversations Leaked to the Internet
UK: Former Football Association Leaders Call for World Cup Boycott Over FIFA Privatization Plan
Forbidden Love: China severs millions from their virtual partners
Over 24 Hours in the Air: Qantas Airbus Completes Record-Breaking Test Flight
Prince Harry Faces Significant Legal Costs After Insurance Shortfall
FirstGroup Sells Rail Software Business to Tracsis for £48 Million
Victoria and Albert Museum Staff Vote for Strike Action
Norwegian Teenager Convicted Over Contract Killing Plot in Britain
Royal Mail Raises Bulk Mailing Prices by 30%
Immigration Remains Britain's Top Public Concern, Ipsos Survey Finds
Prime Minister Says Social Care Reform Must Precede Assisted Dying Legislation
×