London Daily

Focus on the big picture.
Monday, Aug 25, 2025

Tory leadership rivals clash over trust and ‘fairytale’ economic plans

Head-to-head sees open arguments over tax and identity politics, with no candidate willing to say Boris Johnson is honest

The Conservative leadership race has exploded into acrimony and recrimination after the first televised debate saw open arguments over tax and identity politics with also none of the five candidates willing to say Boris Johnson is honest.

Coming hours after Liz Truss sought to reinvigorate her faltering campaign with a sudden announcement of new tax cuts costing more than £20bn a year, Rishi Sunak the ex-chancellor, openly ridiculed his former colleague’s plans during the Channel 4 broadcast on Friday evening.

Condemning what he called a wider “unfunded spree of borrowing and more debt” among his competitors, Sunak condemned the Truss’s proposal to put off repayments of public debt built up due to Covid.

“There is no such thing as Covid debt,” a visibly irritated Sunak told the foreign secretary. “Debt is debt. And the answer to too much borrowing can’t be yet more borrowing. It’s as simple as that.”


When Truss argued that better monetary policy would mitigate inflation even with tax cuts, Sunak snapped: “Liz, we have to be honest. Borrowing your way out of inflation isn’t a plan, it’s a fairytale.”

In an often difficult night for all the candidates – also comprising Penny Mordaunt, the trade minister and bookmakers’ favourite; the former levelling up minister Kemi Badenoch; and the backbencher Tom Tugendhat – not a single member of the audience of floating voters raised their hands when asked if they trusted politicians.

In a long section on trust, the candidates were asked whether Johnson was honest. “Sometimes,” said Badenoch, while Mordaunt talked about “really severe issues”, and Truss spoke of “mistakes”. Tugendhat won applause by saying, simply: “No.”

A separate show of hands after a debate on energy bills saw just three people say they felt politicians were doing enough to help people. When asked at the end of the debate if it had made them more likely to vote Conservative, only 10 of the audience raised their hands.

A separate spat saw Mordaunt and Badenoch clash with visible enmity about the former’s views on trans rights. When Truss declined to back up her version of events about policies in the government’s equalities office, Badenoch said, “Come on Liz, tell the truth.”

Mordaunt, meanwhile, asked about negative briefings about her from some of the other camps, refused to say she trusted the other candidates.

Tom Tugendhat won applause for saying Boris Johnson was not honest.


So far, two rounds of voting among Tory MPs – who are gradually reducing the field down to a final two, with a winner then decided by party members – has seen Sunak gain the most support, followed by Mordaunt, Truss, Badenoch and then Tugendhat.

The backbencher, who is expected to be ousted in the next round on Monday, used the debate to seek to set himself apart from the other candidates, all of whom had served under Johnson.

He said: “I’ve been holding a mirror to many of our actions and asking those in our party, those in our leadership positions, to ask themselves, ‘Is that what the public really expects?’”

In an earlier Zoom-based Q&A, hosted by the Conservative Home website, Truss sought to regain the initiative in the race by promising to scrap a planned rise in corporation tax and suspend green energy levies, costing more than £20bn a year overall.

The unexpected offer came on top of an existing pledge by Truss to reverse a rise in national insurance, worth another near-£11bn a year.

“We immediately need to start putting money back into people’s pockets, we know families are struggling to make ends meet at the moment,” she said.

It has been estimated that scrapping the planned rise in corporation tax from 19% to 25% next year would cost about £15bn a year. Suspending green levels on energy bills would cost an estimated £5bn a year.

Labour has condemned an “arms race” of uncosted tax cut pledges among candidates. Sunak has said he would wait to stabilise inflation before cutting any taxes.

In a boost to Truss, shortly after the debate the attorney general, Suella Braverman, who was eliminated from the contest after finishing last in Thursday’s MPs’ vote, reiterated her call for supporters to switch to the foreign secretary.

Braverman is ideologically close to Badenoch, but in a robustly worded message to supporters, Braverman urged them to “look realistically at the numbers” and back Truss, the other candidate seen as being firmly on the right of the party.

Newsletter

Related Articles

0:00
0:00
Close
Vietnam Evacuates Hundreds of Thousands as Typhoon Kajiki Strikes; China’s Sanya Shuts Down
UK Government Delays Decision on China’s Proposed London Embassy Amid Concerns Over Redacted Plans
A 150-Year Tradition to Be Abolished? Uproar Over the Popular Central Park Attraction
A new faith called Robotheism claims artificial intelligence isn’t just smart but actually God itself
Deputy Prime Minister Angela Rayner Purchases Third Property Amid Housing Tax Reforms Debate
HSBC Switzerland Ends Relationships with Over 1,000 Clients from Saudi Arabia, Lebanon, Qatar, and Egypt
Sharia Law Made Legally Binding in Austria Despite Warnings Over 'Incompatible' Values
Italian Facebook Group Sharing Intimate Images Without Consent Shut Down Amid Police Investigation
Dutch Foreign Minister Resigns Amid Deadlock Over Israel Sanctions
Trump and Allies Send Messages of Support to Ukraine on Independence Day Amid Ongoing Conflict
China Reels as Telegram Chat Group Shares Hidden-Camera Footage of Women and Children
Sam Nicoresti becomes first transgender comedian to win Edinburgh Comedy Award
Builders uncover historic human remains in Lancashire house renovation
Australia Wants to Tax Your Empty Bedrooms
MotoGP Cameraman Narrowly Avoids Pedro Acosta Crash at Hungarian Grand Prix
FBI Investigates John Bolton Over Classified Documents in High-Profile Raids
Report reveals OpenAI pitched national ChatGPT Plus subscription to UK ministers
Labour set to freeze income tax thresholds in long-term 'stealth' tax raid
Coca‑Cola explores sale of Costa coffee chain
Trial hears dog walker was chased and fatally stabbed by trio
Restaurateur resigns from government hospitality council over tax criticism
Spanish City funfair shut after serious ride injury
Suspected arson at Ilford restaurant leaves three in critical condition
Tottenham beat Manchester City to go top of Premier League
Bank holiday heatwave to hit 30°C before remnants of Hurricane Erin arrive
UK to deploy immigration advisers to West Africa to block fake visas
Nurse who raped woman continued working for a year despite police alert
Drought forces closures of England’s canal routes, canceling boat holidays
Sweet tooth scents: food-inspired perfumes surge as weight-loss drugs suppress appetites
Experts warn Britain dangerously reliant on imported food
Family of Notting Hill Carnival murder victim call event unmanageable
Bunkers, Billions and Apocalypse: The Secret Compounds of Zuckerberg and the Tech Giants
Ukraine Declares De Facto War on Hungary and Slovakia with Terror Drone Strikes on Their Gas Lifeline
Animated K-pop Musical ‘KPop Demon Hunters’ Becomes Netflix’s Most-Watched Original Animated Film
New York Appeals Court Voids Nearly $500 Million Civil Fraud Penalty Against Trump While Upholding Fraud Liability
Elon Musk tweeted, “Europe is dying”
Far-Right Activist Convicted of Incitement Changes Gender and Demands: "Send Me to a Women’s Prison" | The Storm in Germany
Hungary Criticizes Ukraine: "Violating Our Sovereignty"
Will this be the first country to return to negative interest rates?
Child-free hotels spark controversy
North Korea is where this 95-year-old wants to die. South Korea won’t let him go. Is this our ally or a human rights enemy?
Hong Kong Launches Regulatory Regime and Trials for HKD-Backed Stablecoins
China rehearses September 3 Victory Day parade as imagery points to ‘loyal wingman’ FH-97 family presence
Trump Called Viktor Orbán: "Why Are You Using the Veto"
Horror in the Skies: Plane Engine Exploded, Passengers Sent Farewell Messages
MSNBC Rebrands as MS NOW Amid Comcast’s Cable Spin-Off
AI in Policing: Draft One Helps Speed Up Reports but Raises Legal and Ethical Concerns
Shame in Norway: Crown Princess’s Son Accused of Four Rapes
Apple Begins Simultaneous iPhone 17 Production in India and China
A Robot to Give Birth: The Chinese Announcement That Shakes the World
×