business investment in the UK. According to data released by the Office for National Statistics (ONS) at the end of June, business investment in the UK in the first quarter of this year was only 90.9% of the quarterly average of 2019, which was lower than the average of the member countries of the Organisation for Economic Co-operation and Development (OECD).
However, Sunak raised the corporate phone database income tax rate from 19% to 25%, the highest in nearly 50 years, for companies with an annual operating profit of more than 250,000 pounds, which will be implemented in April next year. This has been questioned by some as hampering economic growth. Although the campaign emphasizes Sunak's "consistent position," including his earlier advocacy for reasonable tax cuts once inflation is under control, and his refusal to borrow to pay for the cost of tax cuts,
his latest political views do have many parallels with his leadership rivals , Foreign Secretary Liz Truss echoes each other. According to information from market research companies such as YouGov and bookmakers such as Smarkets, Truss has a much higher chance of winning the leadership election than Sunak. Sunak also admitted to the media recently that he is trying to catch up with the party members' support for Truss.