Ten Things You Need to Know Today: 7 August 2022

The Week’s daily digest of the news agenda, published at 8am

1. Truss and Sunak outline crisis plans

Liz Truss would move to immediately reverse the rise in National Insurance contributions if she were to become PM, said her campaign team. The foreign secretary said tax cuts, not “handouts”, would help those facing a challenging winter. However, her Tory leadership rival, Rishi Sunak, has vowed to introduce another multibillion-pound package to address the cost of living crisis, saying the nation faces a stark choice between “clear-eyed realism and starry-eyed boosterism”.

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