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
Monday 11 July 2022 12:46 pm  |  Updated:  Monday 11 July 2022 12:48 pm

Tory leadership race: Johnson refuses to ‘damage anybody’s chances’ by making endorsement

By: Stefan Boscia

Add as a preferred source on Google
Boris Johnson Touts Biomedical Research Funding In Visit To Francis Crick Institute
Prime Minister Boris Johnson visits the Francis Crick Institute on July 11, where he batted away questions on the Tory leadership race

Boris Johnson has said he does not want to “damage anybody’s chances” of winning the Tory leadership race by making an endorsement.

The Prime Minister said he wanted to “let the party decide, let them get on with it”, after a flood of Tory MPs over the weekend announced their campaigns to become the next leader of the Conservative party and UK Prime Minister.

The 1922 Committee of Tory backbenchers will today announce the timetable for the contest, with a new leader of the party expected to be announced in early September.

Former chancellor Rishi Sunak has the most declared support from current Tory MPs, followed by trade minister Penny Mordaunt, Foreign Affairs Committee chair Tom Tugendhat, foreign secretary Liz Truss and chancellor Nadhim Zahawi.

Johnson said today during a visit to a London biomedical research centre that he would be staying well out of the coming leadership race and would remain neutral.

“There’s a contest underway and that must happen and I wouldn’t want to damage anybody’s chances by offering my support. I just want to get on, I have to get on, in the last few days and weeks with the job,” he said.

The early stages of the leadership contest have largely been focussed on candidates trying to outduel one another on tax cuts and on separating themselves from Johnson.

Former foreign secretary Jeremy Hunt today said he wanted to cut “all taxes” if made Prime Minister, while Truss and ex-health secretary Sajid Javid have also gone big on promising cuts to Corporation Tax.

Read more

‘Businesses are not cash machines’ – Badenoch calls on Burnham to rule out tax rises

Conservative Party leader Kemi Badenoch is preferred as Prime Minister to Keir Starmer. Photo: PA

Zahawi, Mordaunt, Tugendhat and attorney general have also vowed to cut taxes if made leader.

Standing against them is Sunak, who has said that now is not the time to cut taxes as it would leave a massive hole in the budget and would likely fuel further inflation.

He said during his leadership announcement video that the party has two choices.

He said: “Do we confront this moment with honesty, seriousness and determination? Or do we tell ourselves comforting fairytales that might make us feel better in the moment, but will leave our children worse off tomorrow? Someone has to grip this moment and make the right decisions.”

The 1922 Committee is expected to announce today that the leadership contest will begin this week.

There will be a series of votes among Tory MPs until the parliamentary party whittles the field down to the last two contenders.

The last two contenders will then campaign over five or six weeks to win the votes of the 200,000 Tory members who will effectively choose the next Prime Minister.

A spokesperson for Truss today said that “Liz is the only candidate” that can united “the Red and Blue Wall, has a clear vision for the country and economy based on Conservative principles, and has the experience and track record to deliver that vision and hit the ground running on day one”.

Read more

On this day in 1940: Happy birthday Ken Clarke

GettyImages 3261869 showcasing a significant moment in news, emphasizing key details relevant to the articles context.

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

  • ‘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
  • On this day in 1940: Happy birthday Ken Clarke

    Opinion
    GettyImages 3261869 showcasing a significant moment in news, emphasizing key details relevant to the articles context.
  • Brits say Burnham should call an election

    Politics
    Number 10 Downing Street entrance with iconic black door, symbolizing British political power and leadership
  • 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.
  • Voters expect Burnham to hike taxes

    Politics
    Andy Burnham discussing capital gains tax increase during a press conference, highlighting potential economic impacts
  • Silly season is upon us but politics will get serious soon enough

    Politics
    Count Binface
  • The Debate: should Andy Burnham have made a woman his Chancellor?

    Opinion
    Rachel Reeves delivering a speech at a press event, wearing a navy blazer and standing in front of a backdrop with logos.
  • 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
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