United States

Tory leadership contest: Boris Johnson pledges to cut income tax

Boris Johnson has pledged to cut income tax bills for people earning more than £50,000 a year if he wins the race to succeed Theresa May as prime minister.The former foreign secretary told the Telegraph he would use money currently set aside for a no-deal Brexit to raise the 40% tax rate threshold to £80,000.His promise came as Work and Pensions Secretary Amber Rudd said she believed Jeremy Hunt should be prime minister.Tory MPs have until 17:00 BST to enter the race to become party leader and PM.Mrs May officially stepped down as the leader of the Conservative Party last week, but will remain as prime minister until her successor is chosen.Conservative MPs who want to replace her must have the backing of eight other party collea ...