Liz Truss on Thursday got another big boost in her campaign to become Britain’s next prime minister after Sajid Habid declared his endorsement.
This is a huge blow for Truss’ opponent Rishi Sunak, who was the chief secretary of the Treasury when Javid was prime minister. Sunak replaced Javid when he stepped down as prime minister in 2020 and described his former boss as his “mentor.”
write in The Times of LondonJavid described both candidates as “very credible”, but Truss was “best suited to reunite the Conservatives and restore a sense of purpose with a “bold Conservative policy agenda”. ” he claimed.
Truss has pledged to immediately reverse Sunak’s national insurance increase, cancel a planned corporate tax hike and impose a green tax moratorium. Sunak claimed her plan would cause inflation. He promised a small tax cut by lowering the value-added tax on the energy bill, and said he would cut income taxes after dealing with inflation.
Javid expressed support for the Truss proposal, arguing that “tax cuts are a prerequisite for growth.”
“There are no risk-free options for governments. But in my view, not cutting taxes carries even greater risks,” Javid said.
It warned that the UK “is becoming obsessed with a social democratic model of big power, high tax rates and low growth, and risks losing global influence and power and becoming a middle-income country by the 2030s.” , Javid argued that the time had come.Mr. Truss shared a close relationship with former British Prime Minister Margaret Thatcher, who was “clever and fiscally disciplined,” and the “freedom-loving, cheerful and optimistic” American Ronald. He said he resembled former President Reagan’s best man.
Javid’s support came as the Bank of England hiked interest rates from 1.25% to 1.75% on Thursday, the biggest rate hike in 27 years, keeping inflation in check.
Asked whether Wednesday’s expected rate hike would change her views on tax cuts, Truss told the audience at a rally in Wales that the current inflation was a “huge supply-side shock” after the COVID-19 pandemic and Russian aggression. Ukraine’s “her plan to keep corporate taxes low will actually help increase supply in the economy.”
She also hopes to change the mandate of the Bank of England to “in the future, align it with some of the most effective central banks in the world at controlling inflation.”
Who is endorsing the candidate?
Javid, a former home secretary, prime minister and health secretary, came after the endorsement of Attorney General Suera Braverman, House Foreign Relations Committee Chairman Tom Tugendhat, Prime Minister Nadim Zahawi and Trade Policy Minister Penny Mordaunt. is the fifth former candidate to endorse Minister of Foreign Affairs.
Three of the 11 initial candidates endorse Snak, including former Health Secretary Jeremy Hunt, Transportation Secretary Grant Shaps and North American Minister Rehman Chishti.
Former Equality Minister Kemi Badenoch, who finished fourth in the race, has not declared her intentions.
Truss appointed Secretary of Defense Ben Wallace, Secretary of Business Kwasi Kwarten, Secretary of Culture Nadine Dries, Secretary of Bexit Opportunities Jacob Reese Mogg, Secretary of Education James Cleverley, Secretary of Labor and Pensions Therese Coffey, and Secretary of International Trade. He has received a lot of support from the current Cabinet members, including Mr. Anne Marie Trevelyan.
Deputy Prime Minister Dominic Raab, Health Secretary Steve Barclay, Environment Secretary George Eustis, Northern Ireland Secretary Shailesh Vara and Wales Secretary Robert Backlund have endorsed the snack campaign.
About 160,000 Conservatives are expected to vote by next week, with the results of the election expected to be announced on 5 September.