Tom Tugendhat most likely to be eliminated after bruising ITV debate marked by Sunak and Truss clashes
Conservative MPs will cull the five-strong field hoping to succeed Boris Johnson by one more on Monday, as the International Monetary Fund cautioned the candidates over their race to announce sweeping tax cuts.on Sunday night, a third round of voting by MPs will take place on Monday afternoon, with the result announced at 8pm by Sir Graham Brady, the chair of the 1922 Committee of backbench Tories.
Badenoch is seen as most likely to be knocked out in the fourth round of voting on Tuesday afternoon. Speaking to BBC News on Monday morning, Mark Flanagan, the UK head of the International Monetary Fund , said tax cuts financed by debt would be a mistake at the moment. Truss told Sunak he had raised taxes to the highest level in 70 years, saying that “will choke off economic growth”.Sunak responded by warning about the inflationary effect of tax cuts, adding: “And you know what, this something-for-nothing economics is not conservative, it’s socialism. If we’re not for sound money, what is the point of the Conservative party?”
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