Published: Mon, June 10, 2019
Worldwide | By Isabel Fisher

Beating Boris Johnson: Race to replace Theresa May kicks off

Beating Boris Johnson: Race to replace Theresa May kicks off

In practice, Johnson's staggeringly large tax cut would see current high rate payers, such as MPs, only liable to pay the basic income tax rate of 20% tax on all earnings above the £12,500 personal allowance, up to £80,000 - potentially saving them in the region of £3,000 to £6,000 a year.

The new leader of the centre-right party - which won the most seats at the last general election in 2017 - will nearly certainly become prime minister, with May remaining in Downing Street in the meantime.

The former foreign secretary also argued in his column that "we should be cutting business taxes", despite the United Kingdom already having one of the lowest rates of corporation tax among developed economies, with successive reductions taking it from 28% in 2008 to 19% now.

"What a wise prime minister will do is take decisions on the basis of the choices they have in front of them", Hunt told Sky News. She will remain caretaker prime minister until the party picks its new leader, a process expected to take until late July.

Former party chairwoman Baroness Warsi said it would be "hypocrisy of the highest order" for Mr Gove to remain in the contest, after an article he wrote in 1999 in which he criticised "middle class professionals" who took drugs was republished. Five of the 11 candidates, including former Commons leader Andrea Leadsom, could be brutally axed from the race as they struggle to get enough support from colleagues.

And at his campaign launch on Monday, Mr Gove is expected to insist he is "undaunted" by criticism, and will say he can both deliver Brexit and "stop Jeremy Corbyn ever getting the keys to Downing Street".

Ms Rudd told the Today programme that all candidates had to set out detailed fiscal plans.

The assembled audience at the euroskeptic Bruges Group in London started booing the man, who is a self-confessed "paid up member of the Conservative Party".

Foreign Secretary Jeremy Hunt said a "very smart" approach was needed for Brexit talks, saying an "experienced, serious leader" was needed, not "empty rhetoric".

British Prime Minister Theresa May stepped down Friday as Conservative Party leader after failing to secure Parliament's backing for her European Union withdrawal deal.

Health Secretary Matt Hancock told his launch "we need a fresh start" and ex-Brexit Secretary Dominic Raab unveiled plans to redirect £500m a year from the aid budget to create an worldwide wildlife fund.

Mr Javid has attracted the backing of the popular Scottish Conservatives leader Ruth Davidson as well as a few other prominent Tory MPs.

In a series of ballots over the coming weeks, party lawmakers will then whittle down the list of names to just two.

Each candidate must be nominated by at least eight Conservative MPs. Any candidates who get less than 5% of the votes leave the race; if all meet the threshold, the lowest-scoring candidate is eliminated.

The final two will be put to the over 120,000 members of the wider Conservative Party in a vote from June 22, with the victor expected to be announced about four weeks later.

On Tuesday 18 June BBC One will be hosting a live election debate between the Conservative MPs who are still in the race.

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