Defence secretary says public would never have forgiven Tories if financial markets had crashed

The British public would never have forgiven the Conservatives if the financial markets had crashed after Rishi Sunak quit as chancellor, Ben Wallace ha said as he stepped up attacks on the Tory leadership candidate after endorsing his rival Liz Truss.

Wallace, the defence secretary, also suggested he was throwing his weight behind Truss because she recognised that the “threats we face every day” needed to be “funded properly”.

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