No 10 hopeful Liz Truss has suggested a Tory government led by Rishi Sunak would be a “disaster” for homeowners, workers and businesses. Speaking to Sky News, the foreign secretary said: “Let’s be clear, his (Rishi Sunak’s) plan is to raise taxes. He plans to raise corporate taxes, bringing our taxes to the same level as France. This will discourage people who want to invest in Britain.” He continued: “I could quote the OECD who said that our current policy is contractionary. And that means it will lead to a recession. A recession would be a disaster, it would be a disaster for people who are homeowners. “It would be a disaster for people going out to work. It would be a disaster for people running businesses.” It comes after Lord William Hague warned that Boris Johnson would be a “permanent nightmare” for the new prime minister. He claimed it was “already obvious” that Mr Johnson wanted “revenge” on Mr Sunak, whose resignation as chancellor sparked a ministerial exit, and suggested Ms Truss would also face an “identical problem” if she is who will be chosen to replace him. .

Basic points

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Sadiq Khan says Rishi Sunak and Liz Truss are both just ‘next to Boris Johnson’

Sadiq Khan says Rishi Sunak and Liz Truss are both just ‘next to Boris Johnson’ Emily Atkinson26 July 2022 17:32 1658852090

Truss defends the financial plan

Now is the time we need to put economic growth into our economy to avoid recession, Liz Truss said in defense of her plans for low taxation. When told her economic policy was supported by a minority of economists, the Foreign Secretary told Sky News: “I don’t base my policies on the number of economists… The question is who is right. “The fact is that we are one of the few G7 countries that impose taxes. “Countries like the United States, Canada, Japan have higher debt levels than we do. “They don’t raise taxes because they understand that now is the time to put economic growth into our economy to avoid recession and make sure we attract business investment and those jobs and growth for the future.” Emily Atkinson26 July 2022 17:14 1658851221

‘Kick in the teeth’: Black Labor MPs condemn party’s response to report it reveals ‘racism’

Black Labor MPs have attacked their party’s response to a damning report that found “overt and undercurrent racism” in its ranks, with one calling it a “kick in the teeth”. Keir Starmer is accused of claiming the problems had been overcome with the departure of Jeremy Corbyn and the “unacceptable culture” fostered by the former party leader. In fact, the Forde report found that intra-party infighting predated Mr Corbyn’s election in 2015 – and highlighted “ongoing concerns” about Labour’s processes, argued Dawn Butler. Our deputy political editor Rob Merrick reports:

Opinion: Sunak and Truss have got private education wrong

Parents down: if you can’t afford private schooling, you’re probably not working hard enough Emily Atkinson26 July 2022 17:00 1658850321

I pay no heed to RMT’s ‘threats of war’, says Truss

It is “absolutely wrong” that members of the public who need to travel are “held to ransom for my militant unions”, Liz Truss said. Asked about comments made by RMT general secretary Mick Lynch, the foreign secretary told Sky News: “I take no notice of these threats of war. “I’m on the side of the traveling public who need to get to work to do their job. We are facing a global economic crisis, it is completely irresponsible of the unions to call these strikes at a time when we are trying to get the economy going. And I will legislate to ensure that these essential services are provided to the public.” Emily AtkinsonJuly 26, 2022 4:45 p.m 1658849421

Opinion: Sunak and Truss have got private education wrong

Segregating children according to wealth (or according to their really, really hard-working parents) perpetuates social inequality. Removing children from the state system makes that system worse for everyone. If the Tories really want to ‘level up’ they will stop at nothing to make comprehensive education first class so that everyone has the same golden opportunities that Sunak is so grateful to have had, writes Harriet Toner. Of course, this would mean that Tory politicians of the future could not use their education as leverage to prove their humble beginnings. But I think we’ll all pull through.

Opinion: Sunak and Truss have got private education wrong

Parents down: if you can’t afford private schooling, you’re probably not working hard enough Emily Atkinson26 July 2022 16:30 1658848546

Sunak as prime minister would be a “disaster” for homeowners, Truss says

No 10 hopeful Liz Truss has suggested a Tory government led by Rishi Sunak would be a “disaster” for homeowners, workers and businesses. Speaking on Sky News, the Foreign Secretary was irritated by the IMF’s global economic update – which suggested that not cutting taxes and keeping spending low was the way forward. He said: “Let’s be clear, his (Rishi Sunak’s) plan is to raise taxes. He plans to raise corporate taxes, bringing our taxes to the same level as France. This will discourage people who want to invest in Britain. And I know there are many opportunities around the country. “Less investment will mean fewer jobs, fewer opportunities, lower wages and lower productivity in the future. So, we cut off our noses to make our faces look bad. The fact is that we promised in our manifesto not to increase national insurance. I thought it was wrong at the time to do so, and so I will reverse it. “I also want to put money in people’s pockets. I could quote the OECD who said that our current policy is contractionary. And that means it will lead to a recession. A recession would be a disaster, it would be a disaster for people who are homeowners. It would be a disaster for people going out to work. It would be a disaster for people running businesses. “That’s why I want to keep taxes low, attract investment, get growth. This is the best way to pay off our debt.” Emily Atkinson26 July 2022 16:15 1658847909

‘I’m making my case’: Truss comments on Sunak’s vacation during debate

Asked if she was bothered by Rishi Sunak interrupting her during the BBC televised debate, Liz Truss told Sky News: “I’ve made my case. I think the audience understood what I was saying. And that I’m on the side of people who work hard, who do the right thing. “And that is the kind of government I would run. The fact is that current policy as usual is not working, it is not delivering for people across Britain. “I am optimistic about the future. I think we are a country with great potential. And I want us to do more. I want us to be better. And I can lead that change.” (PA) Maryam Zakir-Hussain26 July 2022 16:05 1658846750

Brexit is expected to cause a shortage of animal medicines in Northern Ireland

Boris Johnson’s Brexit deal is set to create a shortage of veterinary medicine for sick animals in Northern Ireland, a parliamentary committee has warned. More than half of the veterinary medicines used in the region are expected to be unavailable when the Northern Ireland Protocol agreed by the UK and the EU comes into full force at the end of the year, writes Jon Stone. The EU has so far extended grace periods for the drugs to allow them to be used in Northern Ireland until the end of 2022 – but supply chains have yet to adapt and MPs and ministers are extremely concerned. Affected drugs are expected to include those for cardiovascular disease, anesthetics and vaccines, including those that prevent salmonella and E. coli.

Brexit is expected to cause shortages of most veterinary medicines in Northern Ireland

The grace period will end at the end of 2022 with talks on a solution stalled Maryam Zakir-Hussain26 July 2022 15:45 1658845850

‘Absolute madness’: Truss and Sunak accused of failing to tackle climate crisis ‘as world dies’

Viewers of the Tory leadership contest could be forgiven for thinking the world is not in the grip of a climate emergency. Former chancellor Rishi Sunak and home secretary Liz Truss were accused of a lack of ambition and knowledge on the subject in their exchanges on Monday night, despite record temperatures in recent weeks in the UK. The climate crisis was discussed for less than two minutes during the hour-long programme, with more time spent discussing the clothes and jewelery the candidates wore. Our environment correspondent Harry Cockburn writes:

Truss and Sunak accused of failing to tackle climate crisis ‘as world dies’

Truss vows to scrap green levy as Sunak suggests his young daughters care more about environmental issues than he does Maryam Zakir-Hussain26 July 2022 15:30 1658844950

ICYMI- Truce supporters accused Sunak of “acting out” during BBC debate

Liz Truss’ supporters have accused her rival Rishi Sunak of “explaining” during last night’s fiery BBC debate in the first showdown between the two finalists. But while Simon Clarke MP disagreed when probed about whether Mr Sunak had “explained”, he pointed to the former chancellor’s “aggressive” approach to the budget at the start of the debate. Maryam Zakir-Hussain26 July 2022 15:15