TORY leadership hopefuls’ fantasy tax cut pledges will not help the worse-off and will fail to boost growth, an expert has warned. 

Of the nine candidates in the leadership race, seven have already promised to cut taxes on businesses, people or both. 

Confirming their leadership bids today, former health secretaries Sajid Javid and Jeremy Hunt both pledged to reverse the planned corporation tax hike from 25 to 15 per cent, while Transport Secretary Grant Shapps said he would freeze the proposed increase.