Four other candidates join the group of Conservatives vying to become British Prime Minister

LONDON, July 9 (Reuters) – Four more candidates have joined the increasingly crowded group of Tories vying to succeed Boris Johnson as Britain’s prime minister, as the committee overseeing the contest seeks to speed up the process reduction in numbers.

The Conservative Party’s so-called 1922 committee of lawmakers will set the exact rules and timetable for the contest next week, after Johnson was forced to quit by his own party. Many lawmakers are pushing for an expedited process.

On Saturday, Transport Secretary Grant Shapps, Finance Minister Nadhim Zahawi and former ministers Jeremy Hunt and Sajid Javid became the latest Tory lawmakers to officially declare they are running for leadership, taking the total to eight, with at minus two others still expected. to join the race. [nL1N2YN1MO]

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The Mail on Sunday said Foreign Secretary Liz Truss would launch her campaign on Monday with a promise to cut taxes and tackle the cost of living crisis, while one of her main rivals for the post, Defense Secretary Ben Wallace, ruled himself out.

Several other candidates have also pledged tax cuts, putting them at odds with bookmakers’ favourite, former finance minister Rishi Sunak, whose budget last year put Britain on track to its biggest tax burden since the 1950s. Read more

“My aim is simple: to deliver the opportunities that have been given to my generation, to all Britons, whoever you are and wherever you come from. To stabilize the ship and stabilize the economy,” Sky News quoted was named finance minister by Johnson on Tuesday after Sunak said he resigned.

Shapps told The Sunday Times he ruled out holding a national election if successful, but would produce an emergency budget within the first 100 days that would cut taxes for the most vulnerable and provide government support. State to energy-intensive businesses.

Hunt, a former foreign secretary and health minister who lost to Johnson in the 2019 leadership race, and Javid, a former finance minister, have both said as leaders they would cut the corporation tax at 15%.

Javid, whose resignation as health minister on Tuesday helped pressure Johnson to leave, also said he would reverse a rise in social security contributions that took place in April.

“We can’t afford not to have tax cuts,” Javid told the Telegraph newspaper.

Tory lawmakers will hold a series of votes to narrow the field to two final nominees, who will then face a postal ballot of the full Conservative Party membership.

“Obviously what we would want to do, and I think even the candidates would admit it, is weed out some of those who obviously won’t get enough support to get into the bottom two at a relatively early stage. “, the 1922 Committee treasurer Geoffrey Clifton-Brown told Times Radio.

Clifton-Brown said this could be done by increasing the number of signatures from other Conservative lawmakers required to be nominated and increasing the threshold of votes candidates must receive to advance to the next round.

“I think we will be able to frame a process to come up with two names by the end of parliament on July 20,” he said. “We should have an answer by the time of the party conference in October and maybe before that.”

Wallace, who rose to popularity through his handling of the Ukraine crisis and was seen as one of the frontrunners, ruled himself out on Saturday. Read more

“It was not an easy choice to make, but I am focused on my current job and keeping this great country safe,” he said on Twitter.

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Reporting by Kylie MacLellan; Editing by Christina Fincher, David Holmes and Chris Reese

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