Skip to content
Thursday 30 July 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
City PM

European business, markets and politics

FTSE 100
10,897.27
-0.10%
DAX
25,612.03
+0.60%
CAC 40
8,485.64
+0.92%
STOXX 50
6,344.40
+1.53%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
Wednesday 13 July 2022 11:56 am  |  Updated:  Wednesday 13 July 2022 4:39 pm

Tory leadership: Mordaunt claims she is candidate ‘Labour fears most’

By: Stefan Boscia

Add as a preferred source on Google
Penny Mordaunt Launches Her Campaign To Be The Next Leader Of The Conservative Party
Penny Mordaunt said she gives the Conservative party the "best shot" at winning the next election.

Penny Mordaunt has said she is the Tory leadership candidate that “Labour fears most” as she prepares to face off in the first round of MP votes today.

The trade minister said in her official campaign launch today that she gives the Conservative party the “best shot” at winning the next election, while also vowing a return to small state government and traditional Tory values.

Mordaunt came out on top against every contender in a shock YouGov poll of Tory members today, which pitted contenders against each other in one-on-one battles.

Mordaunt shot to favouritism with bookmakers after the poll, which saw Mordaunt beat every other candidate by at least 18 points.

The eight remaining candidates to be next Tory leader and Prime Minister will face off this afternoon in the first of several votes within the Tory parliamentary party.

Rishi Sunak, Liz Truss, Penny Mordaunt, Kemi Badenoch, Nadhim Zahawi, Jeremy Hunt, Tom Tugendhat and Suella Braverman will all be on the ballot tomorrow. Anyone who receives less than 30 votes will be eliminated.

The three clear favourites with bookmakers to be the next Prime Minister are now Sunak, Mordaunt and Truss.

Mordaunt said in her speech that she would run surplus annual budgets “over time”, launch a new Civil Defence Force, reform the civil service and bring in unspecified tax cuts.

Read more

Exclusive: Government to reject Reform’s offer to cover Farage by-election cost

Nigel Farage speaking at a podium, dressed in a suit, addressing an audience at a business conference event

“The British people are fed up. They are fed up with us not delivering, they are fed up with unfulfilled promises and they are fed up with divisive politics,” she said. 

Yesterday saw rival camps get increasingly vicious as backers of Truss lined up to bash Sunak as he begins to look like the candidate to beat early on.

Truss now appears to be the most likely standard bearer for the right of the party after Priti Patel decided not to run yesterday, and after getting the endorsements of Jacob Rees-Mogg and Nadine Dorries.

Rees-Mogg has launched a series of attacks on Sunak, and this morning the Brexit minister said he would not accept a job in a potential Sunak cabinet.

“I believe his behaviour towards Boris Johnson, his disloyalty, means that I could not possibly support him and he wouldn’t want me in his cabinet anyway,” he said.

“In cabinet, Liz was the most supportive cabinet minister in getting Brexit opportunities and was using her role and her chairmanship of cabinet committees to make sure we could get the Brexit opportunities through. 

“She also opposed the endless tax rises of the former chancellor which I think have been economically damaging, I also was opposed to within cabinet.”

Read more

Former Virgin Money chief set to lead Financial Reporting Council

Military legal drama JAG 2 courtroom scene with actors in navy uniforms discussing a high-profile case

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Politics

Trending Articles

  • PwC thought leadership reports ‘100 per cent AI generated’

  • EY and London managing partner fined over £1.3m for audit failure

  • Lloyd’s of London allows staff to work from home as heatwave hits the capital

  • Big Four’s AIM exodus accelerates as mid-tier firms seize mandates

  • As it happened: Stocks jump as oil drops; Unilever shares soar on decade-best sales

More from City PM

  • Exclusive: Government to reject Reform’s offer to cover Farage by-election cost

    Politics
    Nigel Farage speaking at a podium, dressed in a suit, addressing an audience at a business conference event
  • Former Virgin Money chief set to lead Financial Reporting Council

    Accountancy
    Military legal drama JAG 2 courtroom scene with actors in navy uniforms discussing a high-profile case
  • ‘Businesses are not cash machines’ – Badenoch calls on Burnham to rule out tax rises

    Politics
    Conservative Party leader Kemi Badenoch is preferred as Prime Minister to Keir Starmer. Photo: PA
  • Farage quits to stand in ‘people versus establishment’ by-election

    Politics
    George Cottrell and Nigel Farage engaging in a conversation at a political event, both dressed in formal attire.
  • Silly season is upon us but politics will get serious soon enough

    Politics
    Count Binface
  • John Healey becomes Chancellor as Andy Burnham names top Cabinet appointments

    Politics
    Chancellor John Healey speaking at a professional event, likely a press conference or address.
  • Has Nigel Farage peaked too soon?

    Opinion
    Nigel Farage delivering a speech in July 2026, wearing a suit, addressing an audience at a political event.
  • Brits say Burnham should call an election

    Politics
    Number 10 Downing Street entrance with iconic black door, symbolizing British political power and leadership
CityPM

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About City PM
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 City PM Ltd · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook