Thought for the day

"Nothing in life is to be feared, it is only to be understood. Now is the time to understand more, so that we may fear less." -- Marie Curie

A video has emerged of the leadership candidate addressing party members in Tunbridge Wells, Kent in which he speaks of managing to start "changing the funding formulas" to give more money to wealthy parts of the country. The average house price in the prosperous town is £528,459, almost double the national average.

Mr Sunak's remarks were made despite his repeated reassurances he wants to stick to the levelling up agenda first set out by Boris Johnson.

In a speech which is likely to spark outrage, he said: "I managed to start changing the funding formulas to make sure that areas like this are getting the funding that they deserve.

"Because we inherited a bunch of funding formulas from the Labour Party that shoved all the funding into deprived urban areas.

"That needed to be undone.

"I started the work of undoing that."