The race to elect a new leader of the Conservative Party, who will take up the post of British Prime Minister at the start of next month, heated up on Monday as the two finalists – Rishi Sunak and Liz Truss – clashed over their proposals to fight against the soaring cost of living. crisis across the country.

The issue of inflation and how best to bring it under control has become the main line of battle in the race for 10 Downing Street, with the two candidates offering different approaches. While Truss pledged immediate tax cuts if elected, Sunak promised more targeted support for the most vulnerable households and tax cuts later.

A fresh row erupted over the weekend after Foreign Secretary Liz Truss told the ‘Financial Times’ that her plan to cut taxes rather than offer handouts was more conservative. It prompted an immediate rebuke from former Chancellor Rishi Sunak that it is ‘simply wrong to exclude additional direct support’ to struggling families this winter.

“Families face a long and difficult winter with rising bills. Yet Liz’s plan to deal with this is to give big business and the wealthy a big boost, leaving those who need help the most out in the cold,” Sunak writes in “The Sun.”

“Worse still, she said she would not provide direct child support to those who feel it the most. We need lucid realism, not blind boosterism. It means bolder action to protect people from the worst of winter. I have the right plan and the experience to help people through,” he said.

Truss’ supporters have hit back to say his remarks over the weekend were “misinterpreted”.

“What she has, I think, rightly challenged is the wisdom of taking large sums of money out of people’s pockets as taxes and then returning some of it in ever more complicated ways. “said Foreign Office supporter Trade Minister Penny Mordaunt. Secretary.

“She’s willing to do more to help people, but her goal is to do it in a way that puts more money in people’s pockets, creating a high-growth economy with higher wages, more people. at work,” added Northern Ireland Secretary Brandon Lewis, another Truss supporter.

While Truss promised a £30billion tax cut package, which Sunak said would increase inflation and save low-income people just £59 a year. However, both candidates are feeling the heat on the issue as Britain’s economy is set to plunge into a year-long recession as inflation tops 13% later this year, according to the Bank of England’s forecast. last week.

Former British Labor Prime Minister Gordon Brown, himself a former Chancellor, has warned that the cost of living crisis is too bad for things to wait a few more weeks until a new Prime Minister is in place .

He calls for the Cabinet Office Briefing Room A (COBRA) Emergency Committee to meet immediately in “permanent session” and also calls for Parliament, which is in summer recess, to be urgently recalled to unless outgoing Prime Minister Boris Johnson and the two Tory leadership candidates can agree on an emergency budget in the coming days.

“Even though Boris Johnson has now gone on vacation, his deputies should negotiate hard to buy new supplies of oil and gas from other countries and they should urgently create the additional storage capacity that we currently lack,” Brown writes. in ‘The Daily Mirror’.

Supporters of the former Anglo-Indian finance minister in the race are urging Conservative Party members, who will vote by post and online this month, to judge Sunak by his record of supporting families during the pandemic crisis COVID as Chancellor.

Meanwhile, the bookmaker’s odds continue to hold strongly in favor of Truss, with bookmaker odds aggregator Oddschecker showing the Foreign Secretary a head start with 87% and Sunak with a 13% chance of winning.