Nadhim Zahawi and Grant Shapps latest Tories to launch leadership bid

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Nadhim Zahawi and Grant Shapps latest Tories to launch leadership bid
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Grant Shapps has launched a Conservative Party leadership bid

The Transport secretary launched his leadership bid by telling the Sunday Times he was ruling out a general election, and saying he would produce an emergency budget, instructing his chancellor to cut personal tax for the most vulnerable and giving state support to firms with high levels of energy consumption.

Mr Shapps added: "It is easy to criticise Boris after keeping one's head down for years while being happy to benefit from his patronage. I am glad that I did not do that. Mr Sunak has enjoyed early support from senior Tories such as Oliver Dowden, Liam Fox and Mark Harper.

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