Truss vs Sunak - live: Ex-Chancellor brags about taking money from 'deprived urban areas'

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Truss says recession 'not inevitable' despite Bank of England warning

Rishi Sunak was filmed bragging about diverting funds from "deprived urban areas" to more prosperous areas that "deserve it".

The New Statesman magazine, which obtained a video exposing Mr. Sunak's remarks, said they had been made. ites to grassroots Tories in Royal Tunbridge Wells, Kent on July 29.

The bour said it was 'outrageous' that Mr Sunak was 'openly bragging about fixing the rules to channel taxpayers' money to wealthy Conservative counties."

In the video, Sunak told Conservative supporters, "I've been successful in starting to change the funding formulas, to make sure areas like this get the funding they deserve because we inherited a bunch of Labor formulas that pushed all the funding into deprived urban areas and needed to be reversed.

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"I have started the work to undo this."

Earlier, the head of a highly influential think tank warned that the next prime minister will have to find "many more billions ' books to help households pay soaring energy bills after dire economic forecasts from Bank of An gleland.

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