Rainbow FM

Published

July 26, 2022

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Rishi Sunak and Liz Truss tore into each other over their rival visions for the future of the UK economy, in their first head-to-head TV debate.

The two contenders to be the next PM did not hold back from “blue-on-blue” attacks in the hour-long BBC special.

Mr Sunak told Ms Truss her tax cut plan would “tip millions of people into misery” and cost the Conservatives the next election.

Ms Truss said tax rises brought in by him would lead to a recession.

The foreign secretary and former chancellor, who until three weeks ago were in the same cabinet, talked over each other at times and shot angry glances across the stage at Stoke-on-Trent’s Victoria Hall.

It led to complaints afterwards by Ms Truss’s supporters that the ex-chancellor was being too aggressive and was “mansplaining” – something fiercely denied by the Sunak camp.

The pair were on better terms by the end of the debate, with Ms Truss saying she would “love” to have Mr Sunak on her team if she becomes PM. The ex-chancellor praised her stance on Russia.

Ms Truss insisted that under her plans the UK would start paying down the debt in three year’s time – and paying it back straight away as Mr Sunak wanted to do would push the UK into a recession.

Mr Sunak suggested her plans would lead to higher interest rates, but the foreign secretary dismiss this as “scaremongering” and “project fear” – an echo of the criticism aimed at the Remain campaign during Brexit referendum.

Mr Sunak took this opportunity to point out that, unlike him, Ms Truss campaigned against Brexit.

“Maybe I learnt from that,” she replied. She later said the Brexit referendum was when she had learnt not to trust Treasury forecasts on the economy.

But the row over tax dominated the early exchanges.

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