UK: Sajid Javid, Jeremy Hunt join leadership race

Both the leaders say they will cut corporation tax to 15 per cent

Sajid Javid. — Reuters
Sajid Javid. — Reuters

By Reuters

Published: Sun 10 Jul 2022, 1:34 AM

Last updated: Sun 10 Jul 2022, 2:49 AM

British Conservative lawmakers and former health ministers Jeremy Hunt and Sajid Javid used interviews with the Telegraph newspaper to announce they were joining the race to succeed Boris Johnson as prime minister.

Both Hunt, who lost out to Johnson in the 2019 leadership race, and Javid, said they would cut corporation tax to 15 per cent, while Javid also said he would reverse an increase in social security contributions which took place in April.

“It’s very straightforward why I want to do it,” Hunt told the Telegraph of his plans to run. “It is because we have to restore trust, grow the economy, and win the next election.”

Javid, who is also a former finance minister, told the newspaper: “We cannot afford not to have tax cuts.”

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