The two candidates in the race to succeed Boris Johnson represent two parties, although the distinction between them is not acknowledged. Rishi Sunak is the candidate of conservatism as it was until 2019, when Theresa May’s government was still trying to reconcile Brexit ideology with the demands of economic and diplomatic reality. Liz Truss appeals to the successor movement, the “Boris” party, which resolved the tension by denying its existence.
That conflict is buried in a contest that purports to be about other things. Tax policy is the measurable difference between the two candidates and so it dominated Monday night’s TV debate. The lines are by now well-rehearsed: Truss wants immediate cuts; Sunak wants to wait. He says fiscal loosening will stoke inflation; she says it will unleash growth. He frets that lost revenues will mean less money for the NHS; she would borrow the shortfall.
