So far, eight Conservatives have been proposed to replace Boris Johnson as prime minister, just days after a collapse in party support forced his resignation.
Former health secretaries Jeremy Hunt and Sajid Javid have pledged to cut corporate tax while announcing separate bids for conservative leadership.
It comes after two incumbent cabinet ministers, Chancellor Nadhim Zahawi and Transport Secretary Grant Shapps, revealed their intention to run for the main job within an hour.
Declaring their candidacies for The Telegraph, Hunt and Javid said they would not only rule out the former chancellor’s plans to raise the corporation tax from 19% to 25% in April, but would reduce the rate at 15%.
Hunt also tried to differentiate himself from the crowded field with a playing field based on his decision to stay on the back bench while Johnson was at the helm of government.
Zahawi, Rishi Sunak’s successor, had said earlier this week that “everything is on the table” when asked about the corporation tax increase.
Leadership deadlines for change are different, with Mr. Hunt reducing the tax to 15p on his first fall budget, while Mr. Javid would establish a “sliding path.”
Javid also said he would abandon the controversial national government insurance hike, advance the planned 1p income tax cut for next year and introduce a new “significant” temporary tax cut. the fuel.
The couple explained their financial plans in separate interviews in the newspaper.
In addition to reducing the corporate tax, Hunt said it would eliminate trade rates for five years for the most needy communities.
Most of these areas are on the so-called “red wall” of traditional labor cores, the newspaper said, with a quarter of England and Wales locations in line for tax cuts.
Scotland and Northern Ireland would get money to match politics.
“What matters is wealth creation, which means people don’t feel like they have to leave a Bolton or a Bolsover so they can get better jobs in Manchester or London. They can really stay there.” said Hunt.
“That means helping them have opportunities at home that make talented people want to stay, not leave.”
In the meantime, he pledged to continue pushing legislation to overwrite parts of the Northern Ireland Protocol through Parliament.
Javid said his plan for the economy would cover both short-term measures, including a new support package worth up to £ 5 billion to help with energy bills, and a “long-term vision” “for tax reform.
He said: “The government cannot avoid the impact of high price hikes on everyone. You cannot mitigate everything.
“The long way to go, the best way, is turbo growth. I have always believed in free markets, in low taxation, in light regulation, as necessary conditions for growth.
“It was true 20 or 30 years ago, it was true under Margaret Thatcher, and it’s true now, because it’s how economies grow and how they work.”
Earlier, Defense Secretary Ben Wallace said that after “careful consideration” and a discussion with his comrades and family, he would not stand to be the party leader and the next prime minister.
In addition to Mr Hunt, Javid, Zahawi, Shapps and Sunak, Attorney General Suella Braverman, former Minister Kemi Badenoch and Tory Chief Tom Tugendhat have launched their own bids.
Foreign Secretary Liz Truss is also expected to show up, with the Mail on Sunday reporting that she will try to uphold “classic conservative principles” and that she could declare her candidacy as soon as Monday.
Another potential candidate is Commerce Minister Penny Mordaunt.
Ms Mordaunt has strongly suggested she throw her hat in the ring, sharing on Saturday night an article by Dr Gerard Lyons, Johnson’s former chief economic adviser as mayor of London, who says she would be a “great prime minister” .
He also pushed those who might want to portray her as “awake” in a Twitter thread early Sunday morning, as he tried to clarify how he would define a woman.
It was reported on Saturday that Mr Johnson intends to resign as Prime Minister on Monday to run again as a Conservative leader.
But that suggestion was rejected by a Johnson spokesman as completely false.
Conservative MP Mark Francois has said he believes at least 12 people will submit their names.
He told GB News: “It looks like this will be the Grand National, but without the fences, so we’re probably targeting at least a dozen candidates right now.”
In launching his campaign, Zahawi pledged to reduce taxes for individuals, families and businesses, increase defense spending and continue the educational reforms he initiated in his previous role.
Shapps said he wants to rebuild the economy to be the largest in Europe by 2050 and address the cost of living crisis.
Ms Badenoch announced a plan for a smaller state and an “essential-focused” government.
Sunak launched his leadership offer with the message: “We will restore confidence, rebuild the economy and bring the country together.”
Former Minister Steve Baker has given his support to Mrs Braverman’s campaign, although he previously said he was seriously considering running for the main job.
The attorney general has pledged to “move heaven and earth to reclaim this country,” writing to The Telegraph on Saturday that his views on Brexit are “both part of me and my DNA” and advocating a reduction of what is expected. . tax increases “that delay investment.”
As the candidates have begun to make their move, Conservative MP Sir Charles Walker said it is up to those who run for leaders to “not get rid of each other’s lumps”.