Liz Truss bids to make final two in Tory leadership race

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Liz Truss has pledged to boost the economy through tax cuts, as she bids to regain the initiative in the race to be the next Conservative leader.

The foreign secretary said she was “ready to be prime minister from day one”, as she launched her campaign.

She is currently third behind Penny Mordaunt and Rishi Sunak after the first round of voting by Tory MPs.