Zürcher Nachrichten - UK PM rivals spar over tax in first head-to-head primetime TV debate

EUR -
AED 4.164672
AFN 79.381312
ALL 98.078734
AMD 435.238144
ANG 2.029275
AOA 1040.326447
ARS 1298.935714
AUD 1.75863
AWG 2.040978
AZN 1.920795
BAM 1.957771
BBD 2.291707
BDT 138.249172
BGN 1.956838
BHD 0.427495
BIF 3377.459584
BMD 1.133876
BND 1.462999
BOB 7.842895
BRL 6.401299
BSD 1.135043
BTN 97.027676
BWP 15.235337
BYN 3.714589
BYR 22223.978366
BZD 2.279925
CAD 1.570215
CDF 3248.555719
CHF 0.934978
CLF 0.027884
CLP 1070.041138
CNY 8.166744
CNH 8.166744
COP 4731.382945
CRC 575.38684
CUC 1.133876
CUP 30.047726
CVE 110.376113
CZK 24.896529
DJF 202.123473
DKK 7.460028
DOP 66.90824
DZD 150.117356
EGP 56.532357
ERN 17.008147
ETB 152.827722
FJD 2.564795
FKP 0.847921
GBP 0.844387
GEL 3.106318
GGP 0.847921
GHS 13.506597
GIP 0.847921
GMD 81.639318
GNF 9832.071143
GTQ 8.712771
GYD 238.15975
HKD 8.87298
HNL 29.544872
HRK 7.538693
HTG 148.582195
HUF 402.97175
IDR 18506.564434
ILS 4.028414
IMP 0.847921
INR 97.141633
IQD 1486.916515
IRR 47764.545411
ISK 144.410433
JEP 0.847921
JMD 180.422423
JOD 0.803929
JPY 162.328067
KES 146.984412
KGS 99.157293
KHR 4543.614023
KMF 492.670781
KPW 1020.502863
KRW 1564.024224
KWD 0.347839
KYD 0.945865
KZT 578.70022
LAK 24541.029541
LBP 101700.024454
LKR 340.056826
LRD 227.008524
LSL 20.279783
LTL 3.348043
LVL 0.685871
LYD 6.221263
MAD 10.467838
MDL 19.631022
MGA 5082.116049
MKD 61.591571
MMK 2380.514185
MNT 4060.019645
MOP 9.152735
MRU 44.983077
MUR 51.568709
MVR 17.529784
MWK 1968.181323
MXN 21.93658
MYR 4.833146
MZN 72.466135
NAD 20.279783
NGN 1807.354001
NIO 41.772789
NOK 11.512905
NPR 155.245651
NZD 1.913167
OMR 0.436509
PAB 1.135043
PEN 4.184512
PGK 4.652766
PHP 63.07471
PKR 319.936573
PLN 4.242355
PYG 9066.126661
QAR 4.138166
RON 5.072393
RSD 117.389726
RUB 90.684115
RWF 1625.94397
SAR 4.253006
SBD 9.468738
SCR 16.120342
SDG 680.899999
SEK 10.843561
SGD 1.46138
SHP 0.891049
SLE 25.761608
SLL 23776.822403
SOS 648.655847
SRD 41.556275
STD 23468.953171
SVC 9.93213
SYP 14743.20864
SZL 20.285421
THB 37.021296
TJS 11.66244
TMT 3.974237
TND 3.396319
TOP 2.655655
TRY 44.000988
TTD 7.710864
TWD 33.989644
TZS 3061.466116
UAH 47.030645
UGX 4145.17285
USD 1.133876
UYU 47.277593
UZS 14633.925227
VES 107.544241
VND 29453.574594
VUV 137.544465
WST 3.140941
XAF 656.620901
XAG 0.033747
XAU 0.00034
XCD 3.064358
XDR 0.816622
XOF 656.618002
XPF 119.331742
YER 276.496019
ZAR 20.348479
ZMK 10206.245539
ZMW 30.873488
ZWL 365.107753
  • RBGPF

    67.2000

    67.2

    +100%

  • SCS

    -0.2400

    10.01

    -2.4%

  • CMSD

    -0.3800

    21.79

    -1.74%

  • NGG

    0.1500

    73.57

    +0.2%

  • CMSC

    -0.2100

    22.05

    -0.95%

  • RIO

    -0.2600

    61.98

    -0.42%

  • GSK

    0.1400

    38.54

    +0.36%

  • AZN

    -0.2400

    69.68

    -0.34%

  • BTI

    0.0200

    44.46

    +0.04%

  • RELX

    0.1100

    55.1

    +0.2%

  • BCC

    -2.5900

    87.33

    -2.97%

  • JRI

    -0.1000

    12.72

    -0.79%

  • RYCEF

    -0.0100

    10.91

    -0.09%

  • BCE

    -0.1900

    21.47

    -0.88%

  • VOD

    0.0300

    10.42

    +0.29%

  • BP

    -0.3200

    28.88

    -1.11%

UK PM rivals spar over tax in first head-to-head primetime TV debate
UK PM rivals spar over tax in first head-to-head primetime TV debate / Photo: Niklas HALLE'N - AFP

UK PM rivals spar over tax in first head-to-head primetime TV debate

Britain's two prime ministerial contenders clashed fiercely over tax Monday night in their first head-to-head televised debate, as former finance minister Rishi Sunak seeks to peg back the frontrunner, Foreign Secretary Liz Truss.

Text size:

The primetime debate kicked off a crucial 12-day period featuring three such live TV duels and four husting events in front of Conservative members who will decide the contest and begin receiving their postal votes next week.

The weeks-old Tory leadership contest to replace outgoing prime minister Boris Johnson has turned increasingly acrimonious, with both sides' camps fiercely briefing against each other.

That tone was carried into Monday's live BBC debate, with Sunak savaging Truss' plans to slash taxes immediately -- a key dividing line between the two candidates.

"I don't think that's right, I don't think it's responsible and it's certainly not Conservative," he interjected as the foreign secretary detailed her proposals.

"If we follow Rishi's plans, we are headed for recession," she replied, adding "this chancellor has raised taxes to the highest rate for 70 years".

The leadership contest comes as Britain grapples with a cost-of-living crisis that has seen inflation surge to a 40-year high.

Sunak has vowed to curb this before cutting taxes, and called Truss' plans "a short-term sugar rush".

- Grassroots focus -

Opinion polls put Truss well ahead among the roughly 200,000 grassroots party members, after she and Sunak emerged as the run-off candidates in a series of votes by Tory MPs.

The winner will be announced on September 5.

Sunak's resignation as finance minister earlier this month over Johnson's scandal-hit leadership helped spark the downfall of the outgoing premier.

That has angered some of the party grassroots.

Meanwhile questions about his family's tax affairs and his prior decision to retain US residency have also dented his previously high popularity among Conservatives.

Truss initially struggled to gain momentum in the race, but eventually made the run-off by winning over the party's right-wing MPs with pledges to immediately cut taxes and deregulate.

Monday's debate was held in Stoke-on-Trent, in front of an audience of people who all voted Conservative at the last general election in 2019.

The area, which backed Brexit heavily in the 2016 referendum, was once a traditional seat of the main Labour opposition. But it switched to the Tories -- along with dozens of its other heartland seats -- in 2019.

- 'Muted' -

A weekend of bitter sniping by the two candidates' camps over their respective stances towards China and other perceived UK national security threats, gave way to personal attacks Monday.

Culture Secretary Nadine Dorries, a Truss supporter, openly mocked millionaire Sunak over his purported expensive taste in clothing, tweeting reports he wore an expensive suit and Prada shoes on a campaign visit.

She contrasted this with Truss being more likely to wear a low price pair of earrings.

The latest so-called blue-on-blue attack prompted an immediate backlash from other Conservatives, with one MP saying she had "muted" her colleague on Twitter while others urged a more conciliatory approach to the race.

"The puerile nature of this leadership contest is embarrassing," Cabinet Office minister Johnny Mercer said. "Time to raise the standards."

Newly-appointed finance minister Nadhim Zahawi also took to the airwaves to warn people "don't vote for teams that are divided".

- 'Magic money tree' -

The main opposition Labour party, which has been leading in polls for months but may have to wait until 2024 for the next general election, is eager to capitalise on fallout from the bitter Tory battle.

In a speech Monday, Labour leader Keir Starmer branded Sunak "the architect of the cost-of-living crisis" while calling Truss "the latest graduate from the school of magic money tree economics".

Both candidates have claimed to be the political heirs of 1980s prime minister Margaret Thatcher.

But Starmer said their BBC debate would showcase "a clear contrast between my Labour party and the Thatcherite cosplay on display".

Over the weekend, Sunak announced plans to crack down on Beijing's influence, calling it the "number-one threat" to domestic and global security.

Truss has accused him of being soft on UK adversaries when he was finance minister, including reportedly raising economic concerns over British sanctions on Moscow for its invasion of Ukraine.

His new proposals include limiting Chinese investment in UK universities and closing all 30 Confucius Institutes in Britain.

The Beijing-backed schools teach students about Chinese language and culture, but critics argue they are propaganda fronts for the Chinese Communist Party (CCP).

A.Wyss--NZN