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'I am the underdog,' says British PM candidate Sunak

Sunday, July 24, 2022
'I am the underdog,' says British PM candidate Sunak © Reuters. Conservative leadership candidate Rishi Sunak speaks at a Conservative Party leadership campaign event in Grantham, Britain, July 23, 2022. REUTERS/Peter Nicholls

GRANTHAM, England (Reuters) -Former British finance minister Rishi Sunak on Saturday described himself as the underdog in the contest to become Britain's next prime minister.

Sunak's resignation helped trigger a revolt that saw Prime Minister Boris Johnson agree to step down after a series of scandals. Members of the ruling Conservative Party will vote for a successor over the summer, with an announcement due on Sept. 5.

Sunak led all rounds of the voting among party lawmakers to reduce the field to two candidates.

But it is foreign secretary Liz Truss who seems to have gained the advantage so far among the 200,000 members of the governing party who will ultimately choose the winner.

Truss held a 24-point lead over Sunak in a YouGov poll of Conservative Party members published on Thursday.

"Be in no doubt, I am the underdog," Sunak said in a speech in the central England town of Grantham, the birthplace of former prime minister Margaret Thatcher. "The forces that be want this to be a coronation for the other candidate, but I think members want a choice and they are prepared to listen."

Truss would be only Britain's third female prime minister after Thatcher and Theresa May, while Sunak would be the country's first leader of Indian origin.

So far the campaigning focus has been on pledges, or non-pledges, to cut taxes at a time when many people are struggling, as well as defence spending and energy policy.

In his speech, Sunak laid out what he called "common sense Thatcherism," promising careful management of the economy before tax cuts.

He questioned the morality of immediate tax cuts, proposed by Truss, at a time of soaring inflation and criticised as arbitrary her pledge to increase defence spending to 3% of GDP by 2030.

Truss says tax cuts are needed to stimulate growth.

"It is wrong to take money from people that we don't need to take when people across the country are struggling with the cost of living crisis," she told reporters in Kent, south east England, after meeting party members.

In an interview for Saturday's Times newspaper, Sunak said he would put the government on a crisis footing on taking office.

Truss has also promised to scrap all remaining European Union laws that still apply in Britain by 2023.

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20-08-2022 03:36:59 (UTC+7)

EUR/USD

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EUR/USD

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Adidas AG

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 EUR/USD1.0042Neutral
 GBP/USD1.1829Neutral
 USD/JPY136.87↑ Buy
 AUD/USD0.6874Sell
 USD/CAD1.3000↑ Buy
 EUR/JPY137.44↑ Buy
 EUR/CHF0.9628Neutral
 Gold1,760.50↑ Sell
 Silver18.975Sell
 Copper3.6673Sell
 Crude Oil WTI89.94↑ Sell
 Brent Oil95.81↑ Sell
 Natural Gas9.276↑ Sell
 US Coffee C216.20↑ Sell
 Euro Stoxx 503,730.32↑ Buy
 S&P 5004,228.48↑ Sell
 DAX13,544.52Neutral
 FTSE 1007,550.37↑ Buy
 Hang Seng19,773.03Neutral
 Small Cap 20001,958.83↑ Buy
 IBEX 358,338.10↑ Buy
 BASF43.035↑ Buy
 Bayer54.40Sell
 Allianz176.02↑ Sell
 Adidas165.60↑ Sell
 Lufthansa6.275Buy
 Siemens AG108.20↑ Sell
 Deutsche Bank AG8.496Neutral
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Cập nhật lúc 18:54:07 19/08/2022
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