Tory leadership: Next PM will have to grapple with economy quickly

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Tory leadership: Next PM will have to grapple with economy quickly
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While candidates to be PM trade blows many may be wondering whether economic help on offer is enough.

Interest rates up, already spiralling prices set to rise yet further and the prospect of a lengthy recession.

The pair have taken part in a series of televised debates and hustings events, offering themselves up for scrutiny in front of the public and the Tory party members who'll pick between them. Liz Truss claimed the tax levels Rishi Sunak advocates will lead to recession not growth; Rishi Sunak claimed Liz Truss' plan to cut taxes will exacerbate inflation and prolong economic pain.

But in reality all the while this leadership contest plays out, there is a limit to what more the existing government can - or will - do.This week Boris Johnson is on holiday while the current Chancellor, Nadhim Zahawi, is away for a few days with his family, although he is said to be working remotely and taking calls.

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