Tory leadership race: Rishi Sunak calls himself ‘common sense’ Thatcherite – as it happened

  • 7/21/2022
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Sunak says Tories must "make Rwanda policy work" to gain control of borders Sunak, who voted for Brexit, says the Tories have to “make our Rwanda policy work”. “We do need to have control of our borders. When my grandparents came over, it was because the government decided they should come here. “At the same time we welcome the best and the brightest, we [need] to get a control of our borders. “The Rwanda policy gives us the opportunity to solve that.” Thanks for following the blog with us today, we are closing it now but you can read all our UK politics coverage here. A summary of today"s developments A YouGov poll of Conservative party members suggests Liz Truss is on course to beat Rishi Sunak by 62% to 38% in the contest to decide the next prime minister. Rishi Sunak says the Tories have to “make our Rwanda policy work”. He told LBC: “We do need to have control of our borders. When my grandparents came over, it was because the government decided they should come here. “At the same time we welcome the best and the brightest, we [need] to get a control of our borders. “The Rwanda policy gives us the opportunity to solve that.” The former chancellor also described his economic plan as “common sense Thatcherism” despite wanting to raise corporation tax for businesses with the exception of smaller firms. The UK’s Brexit divorce bill could soar to £42.5bn after the Treasury increased its estimate of the payments owed to the European Union by more than £5bn, PA Media reports. The Institute for Fiscal Studies thinktank published an assessment of the tax and spending policies of Liz Truss and Rishi Sunak. It says we know a lot about Sunak’s plans, because he was chancellor until very recently, but that Truss’s intentions are quite different, and less clear. It says that Truss’s plans ultimately imply public spending would be cut. Labour MP Stella Creasy has accused Liz Truss of wanting to take women “back to the 1950s” with her transferable tax allowance plan. Ministers will have a year to prepare before cross-examination at the UK’s Covid-19 public inquiry, its chair, Heather Hallett, announced, as she opened what is likely to be one of the broadest statutory investigations in the country’s history. Rishi Sunak has launched his strongest attack yet on his rival Liz Truss’s economic policies, claiming her £30bn plans for unfunded tax cuts risk stoking inflation and pushing up interest rates. His attack came as a new poll of Tory party members gave Truss a commanding lead in the race to become prime minister. Tax and spending has become the key battleground in the hard-fought contest, with Sunak insisting that cutting taxes immediately, as Truss has promised, would risk exacerbating the cost of living crisis. Rishi Sunak said the Conservatives have to “make our Rwanda policy work” when asked about the controversial immigration policy during an interview with Andrew Marr on LBC. Here is more from Rishi Sunak telling LBC “one of the first” things he would do as prime minister is appoint an independent ethics adviser. The post is vacant after Lord Geidt dramatically resigned in June, accusing Boris Johnson of proposing a “deliberate” breach of the ministerial code. Lord Geidt said he had been narrowly clinging on to his role over partygate but ultimately quit after being forced into an “impossible and odious” position by the Prime Minister over steel tariffs. He was the second ethics adviser to resign during Johnson’s tenure as Prime Minister. Speaking on Tonight With Andrew Marr, former chancellor Sunak said: “I definitely will reappoint an independent ethics adviser and it will be one of the first things I do.” Asked if he would bring back Lord Geidt, he said he “probably” would because he thought he did a good job. “I haven’t spoken to him about it so I don’t want to put him in an awkward position,” he said. Liz Truss claims her economic agenda of tax cuts and public spending will revitalise the UK economy, but it is not just her rival prime ministerial candidate Rishi Sunak arguing that the measures will be self-defeating. Economists have lined up to warn that her £30bn package – including the reversal of this year’s national insurance rise, the suspension of green levies on power bills and the cancellation of a sharp rise in corporation tax in 2023 – will increase inflation and leave the government with higher debt bills. The foreign secretary and frontrunner in the race for the Tory leadership has criticised the Treasury’s economic record during her opponent’s time as chancellor, saying it has been timid and “contractionary” when it should have been promoting growth. A watchdog’s report exposing failures in the response to migrant crossings are a “damning indictment” of government policy, according to critics. Chief Inspector of Borders and Immigration David Neal found the Home Office’s performance was “poor” and said the system was “overwhelmed”. Labour’s shadow home secretary Yvette Cooper said: “This report is a truly damning indictment of a Conservative Government which has badly lost control of border security.” She branded findings which revealed fingerprints and photographs were not taken from every migrant that arrives in the UK as “flabbergasting”, saying that if people can disappear without any biometrics checks this puts “national security at risk and encourages criminal trafficking gangs”. The Home Office claimed much of the report was now “historic character and the criticisms identified reflect processes and procedures not now followed under the new operation”. But Neal rejected this, highlighting examples of practices continuing even in May. The Channel 4 investigation also claims evidence from documents filed with authorities suggests the US hedge fund Sunak co-founded managed funds in tax havens including the Cayman Islands and compensated partners with assets in those tax havens. The programme asked Sunak whether he earned assets offshore and, if so, what happened to them. He did not deny that he received assets in tax havens. But he said any assets he had were subject to US tax which was paid in full. A Channel 4 News investigation has raised new questions about Rishi Sunak’s personal fortune after the programme found evidence suggesting that he and other partners in his former hedge fund were paid with assets in tax havens. A profile of the prime ministerial candidate, to be broadcast from 7pm, also reveals he never received a scholarship to Winchester College in Hampshire - contrary to claims repeatedly made by his parliamentary supporters in recent weeks. And it reveals how his multi-million pound property portfolio was kickstarted by a £105,000 interest-free loan from his parents helping him to buy his first flat in Kensington, West London, aged 21. Sunak’s campaign team told the programme: “Rishi is the product of a lot of hard work, kindness and sacrifice. “His father was a GP who worked and his mother was a pharmacist, and he used to help out on the weekends. “They both worked all hours to ensure they could give their children the best education they could because they value that above all else. “He is dedicated to this country because of the opportunity it gave to him, his parents and his grandparents who moved here for a better life.” Sunak says he is a practising Hindu and those are his roots and what drives him is this country welcoming his family 60 years ago. And that concludes the LBC interview. Sunak said he would bring an ethics adviser back and would bring Lord Geidt back but he hasn’t had a conversation with him about that prospect yet. When asked about his lack of popularity with Tory members and accusations of being a backstabber, Sunak replied: “I worked closely with the PM for two and a bit years. I am proud of many things we have achieved. “I am sorry I had to resign. “Now I am looking forward and I believe I can bring change. “It got to a point when enough is enough. “Everyone saw with the Chris Pincher situation and the economy.” On why he registered the domain name Ready for Rishi back in December, he said “I didnt do that, people register trade names all the time.” On whether he has struggled for money, the former chancellor reverted back to his earlier anecdote about doing the books at his mother’s chemist. On his environmental plans, Sunak says “windfarms onshore are tricky, but windfarms offshore” have been found to save money. When asked if he has ever opened funds in an offshore tax haven, Sunak replied “No.”

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