Boris Johnson resigned on July 7th since senior members of his government turned against him and urged him to stand down following a series of scandals. This has left two candidates racing to be elected. Rishi Sunak, who served as Chief Secretary to the Treasury from 2019 to 2020, is currently campaigning along with Liz Truss (who is the current Secretary of State for Foreign, Commonwealth and Development Affairs)
The conservative party is coming under increased pressure to explain aid for the Cost-of-Living crisis, with inflation set to rise above 13% in October. Truss explained that she planned to lower taxes rather than offer handouts which have caused controversy among the general public. Sunak said in response that it is "simply wrong to rule out further direct support" for struggling families this winter.
What are they pledging?
Sunak promises to expand direct payments to households, increase benefits payments, a further energy bills discount, and more council tax rebates.
Truss pledges to immediately lower National Insurance and other taxes to decrease inflation.
Liz Truss is currently favoured to win, according to a survey showing 60 per cent of the conservative party members saying they intend to vote for Ms Truss. Support for Mr Sunak has dropped in the poll, from 31 per cent to 26 per cent. This is due to remaining loyal to Boris Johnson after recent scandals, according to the Express.
What happens next?
Other conservative Party members will have the final say on who replaces Boris Johnson at No. 10 in early September. However, many members could make their minds up much sooner since ballot papers began production on Monday, 1 August.
The announcement of the final result is set to be on Monday, 5 September.
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