Former chancellor admits if were defeated he would back emergency budget put forward by rival Truss

Rishi Sunak has hinted he would vote for tax cuts proposed by his rival in the Tory leadership race, Liz Truss, despite previously branding them a “moral failure”.

The former chancellor has been fiercely critical of Truss’s economic strategy, but on Thursday appeared to soften his stance by admitting that if were defeated he would back an emergency budget put forward by her.

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