Chancellor pledges to slash spending if he gets top job as rival Liz Truss says she would cut taxes ‘from day one’
Nadhim Zahawi has said he would force every government department to cut running costs by 20% to fund tax cuts, as Liz Truss joined the fray to become the next Conservative party leader, promising she would reduce taxes “from day one” in the job.
In his first major interview since announcing his candidacy, Zahawi, the new chancellor, pledged to cut corporation tax, income tax and business rates, saying he would fund this by cutting the running costs of government departments.
