Rishi Sunak will vow to bring the tax burden down at the official launch of his Tory leadership campaign this morning, declaring it is a matter of “when, not if”.

In an attempt to counter the attacks of rivals, the former chancellor will name cutting taxes as one of the three planks of his economic plan should he become prime minister.

Lord Lamont, the Tory Treasury minister under Margaret Thatcher and later chancellor, has endorsed Mr Sunak, saying “Rishi has the skill, determination and ideas to get us through”.

Read the full updates here: https://www.telegraph.co.uk/politics/2022/07/12/rishi-sunak-tory-leader-penny-mordaunt-next-pm-boris-resign/

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