Rishi Sunak, Conservative Party, BEN discussed on Bloomberg Daybreak Europe


Of support. And that's fairly well targeted at the bottom end protecting low earners and low income households. We think at least able to weather the storm. But with support across the board as well. So like universal money energy bills, for example. And I'm sure he would say I've already provided substantial support. It means that low income households should be at least no worse off on average than they were last year. I don't think either of these candidates have actually proposed anything further on cost of living. So if you're the candidate for proposing cuts to fuel duty and so on cuts to vat, I think these two are more focusing on the longer term vision right now, but that may change when they come into Downing Street at the same time as off gem increases the energy price gap, then maybe pressure for more to be more financial bills, more council tax rebates. I mean, we've got a dozen hustings between now and September. Look, cut through all of this for me, Ben survived then. What sort of Conservative Party member do you think is going to vote for Liz trust versus Rishi sunak? What is going to be in their minds economically when they're thinking about choosing between these two candidates? How would you describe them? There's all sorts of metrics on which people may make these decisions. I think if you'd be thinking about economic policy, I think the key division here is do you want to be sort of a more cautious approach with careful stewardship of the public phalanxes put first, saying, yes, I would love to deliver tax cuts but only when we're sure that there are and we can do that without compromising on our ability to bring down government debt or do you want to see a Big Bang of tax cuts straight away, even if that means higher borrowing. Perhaps that's worse than the public balances with a gamble on what that maybe might mean for growth. I think that's the choice between the two. I think one is perhaps the more known often trodden cost of action wanted a bit more of a gamble. I think that's the way to frame the choice set facing conservative members. Well, that is very clear. So careful and cautious or a Big Bang of tax cuts. Ben, thanks so much for sending that up for us, though. So that's a neatly that's been Zoran senior research economist at the institute for fiscal studies. Yeah, very interesting. You're listening to a big daybreaker where life from London. Markets, headlines and breaking news 24 hours a day. The Bloomberg business out there. Quick take. This is a Bloomberg business flash. From Bloomberg's European

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