Tory leadership hopeful Rishi Sunak will pledge to cut taxes as soon as inflation allows as support for Liz Truss grows
Mr Sunak is alone among the contenders to succeed Boris Johnson in not promising immediate tax cuts if he wins the race to become Tory leader.
But in his address, Mr Sunak will seek to make a virtue of his willingness to confront difficult economic realities."We need a return to traditional Conservative economic values - and that means honesty and responsibility, not fairy tales," he will say. "I have never hidden away from those, and I certainly won't pretend now that the choices I made, and the things I voted for, were somehow not necessary. Whilst this may be politically inconvenient, it is the truth.
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