Liz Truss and Rishi Sunak have clashed over their diverging tax policies in their first head-to-head debate of the final in the Tory leadership contest.

While Ms Truss has set out an estimated £38billion of tax cuts, Mr Sunak insists he would only cut taxes once inflation was under control and suggested his rival was promising "fairy tales".

Read more about the debate here: https://www.telegraph.co.uk/politics/2022/07/25/tory-leadership-tv-debate-truss-sunak-live-updates/

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