London Daily

Focus on the big picture.
Thursday, Aug 20, 2026

New UK prime minister to be announced on Sept. 5 as tax dominates contest

New UK prime minister to be announced on Sept. 5 as tax dominates contest

Britain's new prime minister will be announced on Sept. 5, with the first votes to begin eliminating candidates in a crowded and increasingly unpredictable and divisive contest to replace Boris Johnson coming this week.

So far 11 candidates have thrown their hat in the ring to succeed Johnson as leader of the ruling Conservative Party and prime minister after he quit following a dramatic rebellion by his own lawmakers and ministers after a series of scandals.

The 1922 committee of Conservative members of parliament (MPs) which organises the leadership contest said hopefuls would need at least 20 nominations from the party's 358 lawmakers to even proceed to the first round of votes on Wednesday.

Anyone who then received less than 30 votes will be eliminated before another vote follows on Thursday. Nearly all the contenders have promised extensive tax cuts to win over the support of their colleagues.

"I am very keen we get this concluded as smoothly, cleanly, and rapidly as possible," said Graham Brady, the committee's chair.

The field will be whittled down to a final two candidates by lawmakers, before a postal ballot of the Conservative Party's members, who number fewer than 200,000, takes place over the summer.

A poll for the Conservative Home website on Monday found former defence minister Penny Mordaunt was the most popular with members, followed by equalities minister Kemi Badenoch and Rishi Sunak, whose resignation as finance minister helped bring down Johnson.

"There seems to be a quite a big field at the moment, a lively contest," Brady said. "I hope we will have a very constructive contest, but (also) a really good opportunity for a proper, healthy, constructive debate about the future direction of the Conservative Party."

The battle to secure the top job comes after one of the most tumultuous periods in modern British political history, when more than 50 government ministers and aides quit, denouncing Johnson's character, integrity and inability to tell the truth.

The new leader will also have to reverse evaporating support for the Conservatives. A survey by Savanta ComRes on Monday put the opposition Labour Party at 43% compared with 28% for the Conservatives, its biggest poll lead since 2013.

The succession contest has already become personal.

Former finance minister Sajid Javid, another of the candidates, criticised what he called "poisonous gossip" and "attack memos" delivered by some colleagues over the weekend.

"This isn't the 'House of Cards' or the 'Game of Thrones', and the people who are here just because they enjoy the game, they are in the wrong place," he said. "This is a time for pulling together, not apart."


TAX CUTS


The issue of tax cuts was fast becoming the central battle in the race with nearly all of the candidates promising to cut business or personal taxes.

Setting out her pitch, Foreign Secretary Liz Truss, who has held ministerial jobs in a number of government departments including trade, justice and the treasury, said she would reverse the recent rise in National Insurance contributions and signalled a cut to corporation tax.

Fellow contenders Jeremy Hunt and Javid both pledged to cut corporation tax, while Mordaunt has promised to cut fuel duty.

Sunak is the early front-runner, but he is the only candidate who has played down the prospect of imminent tax cuts, saying the adoption of "comforting fairy tales" would leave future generations worse off.

This has prompted his rivals to attack his economic record after the tax burden rose to the highest level since the 1950s. One lawmaker confirmed that a dossier criticising Sunak's record had been circulating on lawmaker WhatsApp groups.


'FANTASY ECONOMICS'


Nadhim Zahawi, appointed finance minister in the turmoil of last week, said he was also being targeted by rivals after media reports raised questions about the former businessman's personal finances and tax record.

Whoever wins the leadership race will be faced with a daunting in-tray.

Britain's economy is facing rocketing inflation, high debt, and low growth, with people coping with the tightest squeeze on their finances in decades, all set against a backdrop of an energy crunch exacerbated by the war in Ukraine which has sent fuel prices soaring.

On the issue of immigration, all the main leadership candidates have pledged to keep the government's policy of sending asylum seekers to Rwanda, showing how the party has moved to the right of the political spectrum in recent years.

Other candidates include the attorney general, Suella Braverman, the chair of parliament's foreign affairs committee Tom Tugendhat, and the transport secretary Grant Shapps.

Labour leader Keir Starmer in a speech took aim at an "arms race of fantasy economics" from the Conservative leadership candidates, claiming that more than 200 billion pounds ($239 billion) of commitments made by them over the weekend were unfunded.

Johnson has declined to endorse any of the candidates.

($1 = 0.8357 pound)

Newsletter

Related Articles

0:00
0:00
Close
UK Inflation Rises to 2.9% as Energy Bills Jump
UK Retail Sentiment Improves as Summer Spending Boosts Consumer Confidence
UK Aid Cuts Draw Warnings From Charities Over Humanitarian Consequences
UK Financial Conduct Authority Issues Guidance for Motor Finance Redress Scheme
UK Met Office Launches Aviation Programme to Reduce Climate Impact of Persistent Contrails
Former UK Civil Service Chief Received Record 500,000 Pound Severance Payment
West Midlands to Bring Bus Network Under Public Franchising Model
UK Government Drops Plan to Relax Affordable Housing Requirements After Backlash
UK Reaffirms Military Support for Ukraine Despite Russian Hybrid Warfare Threats
UK Technology Sector Expands Nearly 8 Percent as Digital Industry Outpaces Wider Economy
UK Drought Threatens Harvests Across England and Wales as Food Inflation Risks Persist
UK Government Pledges 442 Million Pounds to End Rough Sleeping by Christmas
UK Government Signals Willingness to Reconsider Digital Services Tax Amid US Tariff Threats
UK Inflation Rises to 2.9 Percent as Energy Costs Threaten Economic Recovery
NHS Hospitals Cancel Surgeries as Extreme Heat Pushes Ward Temperatures Above 40 Degrees Celsius
UK Heatwave Forces Emergency Measures as Wildfire Risk, Hospital Disruption and Drought Intensify
A Sleepless Night on Wall Street: Nasdaq to Begin Nearly Round-the-Clock Trading
"The First in the World": 69-Year-Old Protested Artificial Intelligence—and Went to Jail
Ukraine's Ousted Defence Minister Calls for Wartime Presidential Election
UK Marks Ten Years of Night Tube as London Weekend Usage Exceeds Eighty-One Thousand Journeys a Night
Met Office Issues Thunderstorm Warnings Across Northern Ireland Over Flash-Flood Risk
Frasers Group Raises Stake in Hugo Boss to Nearly Forty-Eight Percent
Scottish Clyde Marine Pilots Prepare for Strike That Could Disrupt Glasgow and Greenock Shipping
Twenty Passengers Injured After Southern Train Derails Near Lewes in East Sussex
Government Rules Out High-Speed Rail Revival Between West Midlands and Northern England
West Midlands Bus Network Returns to Public Ownership in Twenty-Four Million Pound Deal
UK Competition Watchdog Targets Trainline, Virgin Atlantic and RED Driving School Over Drip Pricing
Northern Ireland Health Minister Mike Nesbitt Resigns After Dispute Over Causeway Hospital Surgery Closure
UK Long-Term Government Bond Yields Rise to Five Point Eight Five Percent as Borrowing Costs Surge
UK Government Overhauls Planning Rules to Push Housing Development Near Major Transport Hubs
UK Health and Economic Pressures Highlight Wider Strain on Households and Public Finances
UK Prime Minister Andy Burnham Reaffirms Full Support for Ukraine Amid Russian Warnings
Sainsbury’s Suspends Live Facial Recognition at London Store After Customer Misidentified
Artists Urge UK Prime Minister Andy Burnham to Reject New North Sea Oil and Gas Licensing
UK Government Awards Four Hundred and Fifty-Six Million Pound Civil Service Training Contract to EY and KPMG
Global Government Bond Yields Rise as Middle East Conflict Fuels Inflation Concerns
British Housing Market Records Weakest August Since Two Thousand and Eighteen as Asking Prices Fall
UK Announces New Sanctions on Russian Shadow Fleet and Financial Institutions
UK Approves Virgin Rail Group Services Through Channel Tunnel, Challenging Eurostar
UK Government Backs Three Hundred Million Pound AI Investment Zone in North Lanarkshire
UK Declares National Salmonella Outbreak Linked to Imported Eggs
China’s Lifelike AI Humans Move From Livestreams Into Real-World Service Roles
UK Government Rolls Out £5.8 Billion Regional Investment Programme to Revive High Streets
AstraZeneca Ends Late-Stage Lung Cancer Trial After Data Shows No Survival Benefit
London Stocks Fall for Sixth Day as Bond Yields and Middle East Tensions Weigh on Markets
UK Government Rewrites Planning Rules to Accelerate Housing Near Transport Hubs
UK Wildfires Spread Across Southern England as Met Office Issues Severe Heat Warnings
British Doctors Warn Cancer Care Is at Risk as Hospitals Reject More Than a Quarter of Urgent Referrals
UK Hospitals Suspend Critical Care as Extreme Heat Exposes Infrastructure Failures
Sarah Ferguson Reportedly Retreats to Late Ex-Boyfriend's Swiss Chalet
×