The taxing issue of who will be the next Prime Minister has the two remaining Tory candidates both channelling the blue-suited ghost of Margaret Thatcher.
Former Chancellor Rishi Sunak insisted he was the heir to the Iron Lady as he sought to convince Tory members he believed in cutting taxes.
Economic policy is the key dividing line in the second round of the leadership contest, where around 160,000 Conservative members will pick the next leader. But Mr Sunak does not expect to be able to cut taxes until autumn next year at the earliest, the Mirror understands.
Right-winger Ms Truss has pledged to hold an emergency budget to slash taxes that would cost an eye-watering £30bn a year.
By contrast, Mr Sunak has repeatedly warned against cutting taxes while inflation spirals to a 40-year high. But he insisted: “My values are Thatcherite. I believe in hard work, family and integrity.
“I am a Thatcherite, I am running as a Thatcherite and I will govern as a Thatcherite.” Ms Truss denied she was modelling herself on Thatcher, despite copying her outfits and posing like her in a tank.
“It is quite frustrating female politicians always get compared to Margaret Thatcher while male politicians don’t get compared to Ted Heath,” she told GB News.
A YouGov poll put her on 62% to Mr Sunak’s 38% – a huge 24% lead going into the six-week run-off.
But Mr Sunak thinks Tory demands for immediate tax cuts are at odds with mainstream voters, a friend said.
He has warned about letting Labour attack the Tories over “fantasy economics”, accusing Ms Truss of “socialism” in a recent TV leadership debate.
But she admitted to the BBC her plans will cost around £30bn a year.
Robert Joyce, of the Institute for Fiscal Studies think tank, said her cuts could cost “considerably more”.
One Truss ally said: “The guns are going to be out. They don’t call Liz the human hand grenade for nothing”.
An ally of Mr Sunak hit back: “She’s a bit weird, that’s going to come out”.