A core tenet of Javid's leadership campaign is tax cuts, saying he plans to scrap corporation tax rate increases as well as the national insurance hike, to bring forward the planned 1p income tax cut to next year, and to introduce a temporary fuel duty reduction.

His tax plans will cost "around £39 billion a year", excluding fuel duty, he tells the BBC, and he will release a "score card" in the coming days outlining how this will be funded.

Javid says he is worried about Britain falling into a "slow growth, low growth trap" and unless there is an economic uptick, funding for public services will suffer.

Tax cuts are not "risk free", he acknowledges, but a bigger risk would be to do nothing.

"It takes experience and courage to make the big decisions and to get them right and my view is very firm on this, we cannot fall into a low growth trap," he says.

This can be avoided by cutting taxes, as well as investing in skills and infrastructure, he adds.

On the issue of continuing to support Johnson during his time in government, Javid denies that he was naive, and says he "certainly wasn't the only one" who took the prime minister at his word.

"When you're in government it's a huge responsibility, we're all bound by collective responsibility, it's about trusting each other, about being a team and that for me from day one has been the priority," he says.

He reiterates it's important to give the benefit of the doubt, saying he "trusted what I was being told".

Focusing on the future, he says the next leader needs to show integrity and that they can be trusted by the public.

Moving on from integrity, Sajid Javid stresses "this isnt an entry level job" and with a "crisis at home and a crisis abroad", people are going to want to see a candidate with experience.

"I've got the broadest experience - I've run the smallest department to the largest department. I've run the Treasury."

He adds he will come forward with a new Conservative economic plan as that's the absolute priority right now.

Former health secretary Sajid Javid is now speaking about his bid to be Conservative Party leader, saying he first thought about resigning from Boris Johnson's government this day last week.

It was a prayer breakfast in Parliament mentioning integrity in public life that cemented his decision to step down on Tuesday, he adds, saying that he had no idea Rishi Sunak would be resigning on the same day.

Javid says he first had doubts about Boris Johnson's leadership late last year, but the "final trigger" came when MP Chris Pincher was suspended over sexual assault claims last week.

He also defends his decision to back Johnson's premiership while he was in government, saying he was continuously offered reassurances and in turn gave the PM "the benefit of the doubt".

On his own personal tax affairs, Hunt is asked if he or any member of his family have ever benefited from non-domicile status. He answers: "No."

He also says he's happy to publish his own tax affairs if he's sucessful in the race and that's what is necessary.

On the UK's controversial Rwanda asylum policy, Hunt says he thinks we have to stop the small boats taking asylum seekers across the Channel to the UK - and so he supports the current policy.

He's committed to reaching net-zero by 2050 with cabon reduction policies.

He will not scrap the BBC's licence fee.

Asked if he would allow another referendum on Scottish independence, he says not in the next 10 years.

He also says he would not put the country back into lockdown for a Covid-like virus because we have vaccines.

Image source, PA Media

Sajid Javid has arrived at the BBC for his turn to be interviewed on the Sunday Morning show.

We'll bring you what he says shortly.

Asked about his plans to increase defence spending, Hunts says he wants to see this rise to 3% of GDP over a ten-year period.

It comes after Boris Johnson last month pledged to raise spending to 2.5% of GDP, up from the current 2%.

Hunt says much of the spending will be on "procurement" meaning the bills "wouldn't have to paid until the second half of that period".

"Britain has always had a special role in the world as a defender of freedom and democracy and I want to continue that," he adds.

Asked whether he's being less ambitious in his plans than fellow contender Sajid Javid, Hunt says the truth is both men want to be ambitious and he has a great deal of respect for Javid.

But he adds: "I am the person who has had more experience in the cabinet than any other person who's entering this race, and I've learnt over the years that you must only make promises that you can keep. And the number one priority with me - with my business experience - is to get the economy growing."

Hunt says he wants to introduce policies that will "boost business and make us an attractive business environment."

He adds using the UK's Brexit freedoms could enable it to become the next Silicone Valley.

Discussing taxes now, an issue which is quickly becoming a key focal point of the leadership race, Hunt says he wants to see "sustainable taxes that can grow the economy".

"No Conservative should offer unfunded tax cuts and I think no Conservative should raise taxes either, what you need is smart tax cuts that will hep the economy," he says.

He highlights the importance of addressing corporation tax rates, but said his focus was not solely on helping big business, but on growing the economy.

He says he will look at the support that can be offered to families to help with the rising cost of living, saying he has plans to address this - although he didn't go into detail on what these might be.

Tackling inflation is one of the main challenges of the next prime minister, he adds.

Trade Minister Penny Mordaunt has become the ninth Tory MP to enter the race to replace Boris Johnson.

Launching her campaign via a video on Twitter, she says: "our leadership has to change. It needs to become a little less about the leader and a lot more about the ship".

Hunt is now being asked about whether he thinks Boris Johnson is an honest man.

He says: "Well I think he did some things which were not honest, and that's why we're in the situation we're in."

But he says it doesn't help the reputation of politics to dwell too much on personal failings.

"I think the country realised things had gone wrong. The Conservative Party acted. And we now need to look forward."

Hunt says the new leader has so many big challenges to focus on - tax cuts, growing the economy - he wants to concentrate on these issues.

Jeremy Hunt has started outlining why he should be the next Tory leader, and he says the next prime minister needs to acknowledge public anger in the government.

If elected, he plans to have Esther McVey as his deputy, he says, saying the pair would make a "formidable" campaign team.

A "new chapter" is needed to address what he sees as the main issues facing the nation, including the economy and tax cuts.

Jeremy Hunt will be speaking to the BBC about his plans shortly. He did, of course, run against Boris Johnson in 2019, so this is his second attempt to become prime minister.

Stick with us to see what he has to say.

Jeremy Hunt is vying to become the next prime minister and will make a "fantastic" leader, according to one MP who's backing him to take charge.

MP Steve Brine has come out to bat for the former health secretary, saying he believes Hunt can do the top job well as a "competent" Tory leader.

Speaking to BBC Breakfast, Brine said Hunt will restore trust in the prime minister's office and can be trusted to deliver when on the world stage.

Responding to concerns in some quarters that Hunt is perceived as "boring", Brine added that personality isn't the most important thing in choosing a leader, rather it's about who can best serve the public.

"I don't want fireworks, I don't want a rollercoaster ride, I want a prime minister who is experienced sitting around the top table, who hasn't served in this administration...someone who can get a grip on government," he added.

Image source, Getty Images

The latest candidates to throw their hats in the ring for Tory Party leader are former health secretaries Sajid Javid and Jeremy Hunt.

Both will set out their stalls on Sunday Morning on BBC One shortly, with Shadow Home Secretary Yvette Cooper also on the show.

We'll bring you the latest from the programme and you can also watch at the top of this page and here from 09:00 BST.

The race to succeed Boris Johnson has begun in earnest with eight candidates now vying to become the next Tory Party leader and prime minister.

The contest is already off to a blistering start and speaking to BBC Breakfast, Lucy Fisher from Times Radio said she has been struck by how "vicious" the leadership contest has become already.

"It's all very getting very nasty quite quickly," she said, adding that candidates are beginning to look at each other's ministerial records and attack those.

"There's even the suggestion that some campaign teams are handing digital dossiers of lurid allegations about their rivals to Labour in a bid to smear them," she said.

This is all down to the acceleration of the contest, with George Parker, Political Editor of the Financial Times, saying on the same programme that the timetable is very compressed.

He expects a "very brutal campaign" with candidates already trying to find weaknesses in their opponents.

"I thought one of the most significant things said in this campaign was by Mark Spencer, who's a former government chief whip, who said there's a number of candidates who have skeletons in their cupboards," she said.

"I think some candidates will be looking over their shoulders."

Image source, .

So who are the potential runners in this race? We've put together a list of probable candidates and contenders here, with a bit about them if you want to find out more.

Remember, not all of those tipped to run have said whether they actually want the top job - and others may also come forward.

Former chancellor Rishi Sunak is now the favourite according to bookies. He leads the field, followed by Trade Minister Penny Mordaunt and Foreign Secretary Liz Truss.

Image source, .

Jonathan Blake
BBC political correspondent

This is quickly turning into a contest to see who can cut taxes quickest and by the most.

The former health secretaries Sajid Javid and Jeremy Hunt are both saying they will reverse the planned rise in corporation tax.

Javid has also been talking about reversing a planned rise in national insurance - it's a stark departure with government policy when he was in office, and also sets himself and the others apart from Rishi Sunak.

Liz Truss hasn't officially entered the race, but she's already sending signals about cutting taxes.

At this point, all the candidates and potential candidates have to make as broad a pitch as possible to secure as much support as they can at this point in the race, while also setting themselves apart from the others.

And that’s probably the harder bit.

Image source, .

Sunday's newspapers are dominated by the Conservative Party leadership race, with Rishi Sunak's tax plans appearing on several front pages.

The Sunday Times reports how the Tories are "tearing themselves apart over tax" after a No 10 source hit out at leadership frontrunner Sunak over his stance on delaying tax cuts.

The Observer delves into the rising tension between Boris Johnson and Sunak over his bid to succeed him, with the prime minister accused by senior MPs of trying to "torpedo" the former chancellor's campaign.

The Sunday Telegraph focuses on calls from Sajid Javid and Jeremy Hunt for tax cuts after they both announced their leadership bids in the paper.

The Mail on Sunday reports that Liz Truss is expected to add her name to the hat in the coming days with the promise of reversing Sunak's National Insurance hike.

The Sunday Mirror goes in a slightly different direction, with an exclusive from Labour leader Sir Keir Starmer on his call for an immediate general election.

Read the full paper review here.

Image source, Getty Images

Eight candidates have now declared they'll enter the race to take over from Boris Johnson - just days after a collapse in party support forced his resignation.

Here's a quick recap on who's in, and what they're talking about:

• Two former health secretaries - Sajid Javid and Jeremy Hunt - have declared plans to run for leader. Hunt's emphasising his credentials as the only major candidate who didn't serve in Johnson's government. Both say they'll cut taxes
• In fact, pledges on taxes and spending are emerging as the central issue, with most contenders setting out whether they favour lower rates
• Two serving cabinet ministers - Chancellor Nadhim Zahawi and Transport Secretary Grant Shapps - have joined the race, both of whom promise to lower taxes
• Former chancellor Rishi Sunak, who's been criticised for increasing taxes, and Attorney General Suella Braverman, who's called for a low-tax state, have also launched campaigns
• Allies of Foreign Secretary Liz Truss say she'll also throw her hat in the ring to replace the PM with a pledge to reverse Sunak's health tax levy, according to the Mail on Sunday, external
• Ex-equalities minister Kemi Badenoch and Foreign Affairs Committee chairman Tom Tugendhat are also in the running - but Defence Secretary Ben Wallace, tipped as having the most party support, says he won't make a bid for the leadership.

Read more here.