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Mr Sunak has warned fellow Tories not to believe “fairy tale” promises of lower taxes and higher spending from his rivals, reports the Times. He has become the first heavyweight contender to throw his hat into the leadership race, the paper notes. It also reveals that former equalities minister Kemi Badenoch has launched her leadership bid.

Times Front Page 5th of July 2025

Labour’s commitment to safeguarding workers’ pay from tax increases is under strain after the chancellor warned that convenient options for revenue-raising have been exhausted, fuelling concerns of potential financial complications ahead.

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