The former chancellor has pledged to cut the key rate by 4p over seven years, a move that Liz Truss supporters have labeled a reversal. Supporters admit it is the last throw of the dice before Conservative Party members go to the polls today. Sunak said Truss was “clinging to the failed orthodoxy of the last ten years” and insisted his plan was radical and different. He previously branded the Truss tax cut plans immoral and warned Tory MPs not to vote for “comforting fairy tales” before announcing plans last week to cut VAT on energy bills. The income tax cut would cost £18
