Rishi's tax cuts a matter of when, not if, says Shapps as he backs him for PM

13 July 2022, 10:15

By Sophie Barnett

Grant Shapps has told LBC that Rishi Sunak's tax cuts are a matter of when, not if, after he backed the former chancellor to become the next prime minister.

Listen to this article

Loading audio...

The Transport Secretary pulled out of the race to replace Boris Johnson on Tuesday after the 1922 Committee doubled the required number of nominations.

Instead, he has decided to back former chancellor Rishi Sunak, who he claimed would be a tax-cutting prime minister.

Speaking to LBC's Nick Ferrari at Breakfast, Mr Shapps said: "He [Rishi] says it's not a question of if we have tax cuts, it's a question of when.

"I liked that idea that you control inflation, you don't cut taxes and then add to inflation, you control inflation and then do further tax cuts, whilst making sure you bring the overall size of debt down.

"I think all those things are sensible, I think he's got a sensible plan, I think he's serious and credible, and that's why I'm backing Rishi for prime minister."

Read more: Rishi races ahead as Raab and Shapps back former Chancellor in leadership race

Read more: Tory leadership contender Nadhim Zahawi: I’d give Boris Johnson a job in my Cabinet

He added that Mr Sunak, who appears to be the frontrunner in the leadership battle, has the "massive advantage" of being able to "walk into the job and get on with it on day one".

His claim that Mr Sunak would be a tax-cutting prime minister was torn apart by Nick, who said: "We live under the biggest tax take in 40 years, which obviously is not solely down to Rishi Sunak, but he was the man with the Red Box until a few weeks ago!"

Mr Shapps defended the former chancellor, and said that just last week Mr Sunak brought in the biggest personal taxation cut for "generations".

He added that we must "recognise we've gone through the worst pandemic for 100 years".

The former chancellor, who has clashed with other contenders for refusing to promise immediate tax cuts, told the Telegraph that his economic vision amounted to "common sense Thatcherism".

Read more: Sunak vows to run economy like Thatcher as Tory leadership down to eight candidates

"You have to earn what you spend," he said in his first campaign interview, insisting he would take a more responsible approach to tax cuts.

"We will cut taxes and we will do it responsibly. That's my economic approach. I would describe it as common sense Thatcherism. I believe that's what she would have done."

Mr Sunak is one of eight contenders to become Britain's next prime minister, competing against Liz Truss, Tom Tugendhat, Kemi Badenoch, attorney general Suella Braverman, Jeremy Hunt, Penny Mordaunt and chancellor Nadhim Zahawi, who all secured the backing of at least 20 Tory MPs.

The candidates will now go forward to Wednesday's round of MPs' voting, when they will need to secure at least 30 supporters.

The full backing of each candidate was not immediately revealed by Sir Graham Brady, the backbench 1922 Committee's chairman, who only stated if each politician had made it through.

Sajid Javid, the ex-health secretary whose resignation preceded an avalanche of departures from Government that brought down Boris Johnson, dropped out just before the announcement of who had made the first cut.

All candidates who secure the backing of 30 MPs each on Wednesday will then go through an exhaustive ballot process, with Conservative MPs voting repeatedly as the politician with the fewest backers is eliminated, whittling down the field until just two are left standing.

The winner between those two will be decided by the party's members.

More Latest News

See more More Latest News

Breaking
Breaking News

Body pulled from River Thames in search for man who disappeared under water

Prince Andrew to keep taxpayer-funded bodyguards despite moving away from royal duties

Prince Andrew to keep taxpayer funded bodyguards after security review following Epstein scandal

The Kitchen @ London House on the Isle of Wight

'Arrogant holier than thou' vegans slammed by restaurant after backlash over new menu

Breaking
Lincolnshire Police released a series of photos of Lilia

'We had four corners and now one is gone': Lilia Valutyte's mother pays tribute to girl, 9, stabbed in Boston

Donald Trump's Mar-a-Lago estate was searched by the FBI on Monday.

FBI 'searched Donald Trump's estate for classified nuclear documents’

Breaking
The UK will host Eurovision after coming runners up to Ukraine in 2022

Seven cities make shortlist ahead of UK's Eurovision song contest

Dr Coffey defended Liz Truss from Tony Blair's institute's criticisms

Truss supporter defends tax plan after Tony Blair says it would only save poorest 76p but richest get £93

The two attacks allegedly took place on Cheetham Hill Road.

Man, 25, arrested after two women 'raped' with one suffering 'significant injuries' in Manchester

The economy shrank by 0.1% between April and June.

Economy shrinks by 0.1% as inflation battle rages and recession fears grow

The advert sparked an online backlash

Paint advert sparks 'sexism' backlash but company claims it's just a bit of fun

A tanker pumps water into another tanker in the village of Northend in Oxfordshire, as an amber "extreme weather" warning is in place in the UK.

Hotter than the Caribbean: Drought to be declared in parts of Britain as first villages run out of water

Anne Heche is "not expected to survive" a horror crash in Los Angeles, her family has said.

US actress Anne Heche 'not expected to survive' horror crash that engulfed car in flames, says devastated family

Liz Truss has said she is against a windfall tax on energy companies

Truss vows no windfall tax for energy firms as Boris accused of doing nothing to help families pay soaring bills

The theatre has been criticised for its decision

Fury as Joan of Arc made non-binary in new Globe theatre production

The incident took place on Arkles Lane

'Machete attacker' arrested after several people left with slash wounds near Liverpool FC stadium

The four-year-old and his mum are believed to have met his dad in Turkey.

'Just come home': Heartbroken family of boy, 4, missing in Turkey plead for his return