The former chancellor said he would decide which one within 100 days of being elected prime minister a mountain of 2,400 outstanding laws and regulations should disappear. He also promises a “Big Bang 2.0” for the City of London.
Mr Sunak’s opposition to immediate tax cuts is a risk as the Conservative base is set to choose the party’s new leader, but he points it out – unlike his competitor, who supports Remain Liz Truss – He has campaigned for Leave despite being warned that “my political career would end”.
And he said: “As Prime Minister, I would go further and faster to use the freedoms Brexit has given us to reduce the mass of EU regulations and bureaucracy that is holding back our growth.”
The move comes as new polls by JL Partners showed Mr Sunak is the overwhelming pick of voters in the constituencies the Conservatives need to retain to win the next general election.
Ms Truss – who is struggling in the race after ruling the first TV debate lost – failed to top the table in any place, as did Kemi Badenoch.
The policy was presented after Mr. Sunak achieved a success with an affirmation of the character is considered the “Mr North” of the partythe influential Tees Valley Mayor Ben Houchen.
But the promised attack on EU laws will spark a new clash with Brussels if it leads to lower regulatory standards and flouts pledges made when the Brexit trade deal was signed.
Last month, the European Union’s Brexit negotiator, Maros Sefcovic, warned of “consequences”. when the promised level playing field is tippedand said the EU would “closely monitor developments”.
In other developments in the race ahead of a second televised fight on Sunday night:
- Mrs. Truss another big tax cut was pendingHelping people take breaks from work to look after children or as carers, despite Mr Sunak’s criticism that their economic plans are “a fairy tale”.
- Mr Tugendhat – the candidate most likely to fall in Monday’s third vote – insisted he would not drop out before then, saying: “I have never turned down a challenge because the odds were against me. I don’t intend to start now.”
- work demanded that candidates clarify the spending cuts needed to meet the promised “billions of pounds in unfunded tax cuts”.
Mr Sunak remains the favorite candidate among Conservative MPs ahead of further elections to be held from Monday to reduce the five survivors to two final by Wednesday.
But the winner – and the next Prime Minister – will then be chosen by the roughly 180,000 members of the Tory party before Mr Johnson leaves Downing Street on September 6.
The outgoing government is already planning a bonfire of the EU’s “reserved right” in a controversial move that involves using regulations behind the scenes rather than allowing full scrutiny and voting.
The former Chancellor said he would speed up the process, citing “onerous” financial services regulations and pledging to “make London the world’s leading financial center again by 2027”.
Mr Sunak would also “remove the burdens” of EU data laws, which he argued are “barring UK tech companies from being innovative and preventing public services from sharing data to curb crime”.
In addition, he would “speed up our clinical trial approval process” by establishing a single approval service and citing the success of the UK’s launch of the Covid vaccine.
Mr Sunak said: “In 2016 I was told by my party leadership that if I supported Brexit my political career would end before it even started. I still supported Brexit because I knew it was the right thing for the country.
“We must seize these opportunities by abandoning the mass of unnecessary regulations and the low-growth mentality that we inherited from the EU.”