London party

London politics live: Nadhim Zahawi and Grant Shapps latest to announce leadership bids

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Chancellor Nadhim Zahawi launched his bid to replace Boris Johnson at Downing Street and promised to ‘steady the ship’ as Prime Minister

When launching his campaign, he said he wanted to “stabilize the economy”.

He said: “Thanks to Brexit we are now a free nation. Let’s not just talk about the opportunities that follow, let’s seize them.

“If a young boy, who came here at the age of 11 without a word of English, can serve at the highest levels of Her Majesty’s Government and stand to be the next Prime Minister, anything is possible.”

He walked into a crowded field with Transport Secretary Grant Shapps among those who announced their candidacy.

Shapps said he was ruling out a general election and would produce an emergency budget that cut taxes for the most vulnerable and gave state support to energy-intensive businesses.

It comes as Ben Wallace has pulled out of the race to become Prime Minister.

In a statement posted to Twitter, the Defense Secretary said he had discussed a potential offer with his family but would focus on his current job instead.

Rishi Sunak, who has resigned as Chancellor, announced his leadership bid on Friday afternoon, saying he intended to ‘restore confidence’ following Mr Johnson’s resignation, adding: ‘I want to lead this country in the right direction”.

It was endorsed by former party chairman Oliver Dowden and House of Commons leader Mark Spencer.

Chairman of the Foreign Affairs Select Committee, Tom Tugendhat announced a leadership bid, while former equality minister Kemi Badenoch presented her candidacy in The Times. Attorney General Suella Braverman also threw her hat in the ring to be Prime Minister.

On Monday, elections will be held for the executive of the 1922 Backbench Committee which will then set the rules and timetable for the leadership contest.

Live updates

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Lady Nadine Dorries on the cards?

Boris Johnson loyalist Nadine Dorries could be made a peer, according to reports.

The Sunday Times said the Culture Secretary, who was among Downing Street supporters when he announced he was stepping down, could go to the House of Lords as part of his resignation honors list .

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PM’s ex says story he had to run for leadership was a ‘joke’

Petronella Wyatt, a former girlfriend of Boris Johnson who started the rumor that the Prime Minister intended to step down so he could enter the race to become leader of the Conservative Party, said it was ” a joke”.

She clarified the situation online after reporters pointed out that Conservative Party regulations would not allow her to run again.

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MP for Yeovil backs Liz Truss for leader to say she has the ‘right economic plan’

Marcus Fysh, the MP for Yeovil, said he backed Foreign Secretary Liz Truss to be the next Tory leader.

In a tweet, he said: “There are a lot of great talents and friends who represent the conservative leader, but for me, the one who is experienced, tough, practical, has the right economic plan, will sort out the NI protocol and will make the most of independence from the EU, unite the Party and the country and win, that’s Liz Truss.

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Nadhim Zahawi promises to ‘steady the ship’ as Prime Minister

Launching his campaign, Nadhim Zahawi said he wanted to “stabilize the ship and stabilize the economy”.

He said: “Thanks to Brexit we are now a free nation. Let’s not just talk about the opportunities that follow, let’s seize them.

“If a young boy, who came here at the age of 11 without a word of English, can serve at the highest levels of Her Majesty’s Government and stand to be the next Prime Minister, anything is possible.”

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Nadhim Zahawi runs for prime minister promising lower taxes

Newly appointed Chancellor Nadhim Zahawi has launched his campaign to become leader of the Tories, pledging to cut taxes for individuals, families and businesses, increase defense spending and continue education reforms he started in his previous role.

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Michelle Donelan, who resigned as education secretary on Thursday – less than 36 hours after accepting it, said she backed Nadhim Zahawi to be the next Tory leader.

In a tweet, she said, “I have worked with Nadhim Zahawi at the Ministry of Education and around the cabinet table for the past 10 months. I support him to be our next Prime Minister because he gets things done and keeps his promises, just like he did as Minister of Vaccines.

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Party vice president resigns to support Kemi Badenoch

Justin Tomlinson, MP for North Swindon, said he had resigned as Conservative Party deputy chairman in order “to be free to support Kemi Badenoch to be our next Prime Minister”.

In a series of posts on Twitter, he added: “Determined, honest, outspoken – Kemi Badenoch presents a real opportunity for change with a new style of politics that focuses on people, not big government.

“As an activist, focused on re-election for his colleagues, I know how the Westminster bubble is so detached from voters – Kemi Badenoch will break that disconnect and achieve what ordinary people want. This is how we renew as a Party and win the next general election.

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Liz Truss is set to run on a platform of tax cuts

The Mail on Sunday reports that Foreign Secretary Liz Truss will run for the lead and pledge to reverse Rishi Sunak’s National Insurance hike.

They also reported that she plans to cut corporation tax and has pledged to lower the cost of living.

Mr Sunak, a former chancellor, gained early momentum after kicking off his campaign on Friday with a clever campaign video pledging to “restore confidence, rebuild the economy and reunite the country”.

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Party great mocks Grant Shapps’ candidacy for prime minister

Grant Shapps’ candidacy for the top job was ridiculed by a Conservative Party bigwig.

Former MP – and grandson of Winston Churchill – Nicholas Soames said “Grant Shapps? Shurley shome mistake”.

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Grant Shapps launches management bid promising tax cuts and help for businesses with energy bills

Grant Shapps kicked off his leadership bid by telling The Sunday Times he was ruling out a general election and saying he would produce an emergency budget cutting taxes for the most vulnerable and giving state support energy-intensive businesses.

He said: ‘I haven’t spent the last turbulent years plotting or informing against the prime minister. I didn’t run a leadership campaign behind his back. I tell you this: for all his faults – and who has no faults? – I like Boris Johnson. I never for a moment doubted his love for this country.

Mr Shapps added: ‘It is easy to criticize Boris after years of keeping his head down while enjoying his patronage. I’m glad I didn’t.

“Even though the sky darkened over his premiership, often because of mistakes made by him, I hoped he could pull it off. Because in losing him, we would lose a man that makes a unique connection with people.