The six-week battle to be the new Prime minister has now begun, with both Liz Truss and Rishi Sunak traversing the country meeting as many Conservative Party members as possible.

It is as likely that this election will be decided on personality as it will on policy.

Truss is the more traditionally Conservative candidate, while Sunak will lean heavily on his record as Chancellor through one of the most difficult economic climates in a generation.

Former Johnson adviser Dominic Cummings took a swipe at Truss on Friday, taking to Twitter to label her a truly useless remainer, who has done nothing in Government other than gabble with hacks.

Output in the UK services sector which makes up around 80% of GDP fell in July, but managed to remain in expansion. UK services PMI came in at 53.3 which was above most analysts’ expectations. Manufacturing also managed to stay above the 50 level which separates contraction and expansion, coming in at 52.2.

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