With Boris Johnson announcing his retirement as Prime Minister last week, some high-profile Tories are now scrambling to secure the vote of their party and become the next leader.
So far, 11 candidates have put their name forward including Chancellor Nadhim Zahawi, Transport Secretary Grant Shapps, Rishi Sunak, Jeremy Hunt and Sajid Javid. Both former health secretaries Jeremy Hunt and Sajid Javid have pledged to slash corporation tax while announcing their bid for leadership.
Meanwhile, Mr Hunt put himself forward as the best option by pointing to the fact that he remained as a backbench MP while Mr Johnson was leading the government. Mr Zahawi said earlier this week that "everything is on the table" when questioned over the corporation tax rise.
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