Margaret Thatcher would be “appalled” by Rishi Sunak and Liz Truss' plans to cut taxes, a former Cabinet Minister.
Lord Kenneth Baker, who served in Mrs Thatcher's Cabinet as Education Secretary and Home Secretary, tore into the Tory leadership hopefuls’ pledges to slash tax.
The economy has been a key battleground in the race for the Tory crown - with pressure ratcheted up by the Bank of England's decision to interest rates to 1.75% from 1.25%, the biggest single rise since 1995.
