Sky News has cancelled its Conservative leadership debate after Rishi Sunak and Liz Truss refused to take part in the event.
The debate was due to be hosted by Kay Burley tomorrow evening.
Conservative MPs are said to be concerned about the damage the debates are doing to the image of the party, exposing disagreements and splits.
Head of Sky News, John Ryley, said: “Sky News has campaigned for an independent commission to organise the running of TV debates between leaders of Britain’s main parties.
“Sky News and other broadcasters worked successfully together on televised leadership debates ahead of the 2010 general election.”
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Mr Sunak and Ms Truss engaged in bad-tempered exchanges as the five remaining Conservative leadership rivals faced off in the second televised debate on ITV last night.
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Those still in the running to become the next Conservative Party leader are Mr Sunak, Ms Truss, Penny Mordaunt, Kemi Badenoch and Tom Tugendhat.
Responding to the announcement, a spokesman for Ms Badenoch said: “The people standing in this contest are friends as well as colleagues and afterwards the party must come together to deliver for the country.
“Kemi welcomes public scrutiny – it builds trust. She is open to a debate which sheds light on the issues that matter, but not one which is designed purely to cause a row.”
A source from Tom Tugendhat’s team said he has “never stepped away from public scrutiny and has been the one candidate who has always put himself forward to the media holding an hour’s Q&A last week”.
“Given candidates are putting themselves forward to hold the greatest office in the land they should subject themselves to a similar level of scrutiny. If not through debates then in other formats,” the source added.
A member of Penny Mordaunt’s team said media scrutiny is important.
“Penny has done broadcast and allowed time for journalists to ask questions at her launch. MPs aren’t just picking a new leader, but picking the nation’s new PM,” the source said.
“Penny hopes there will be ample opportunity for such scrutiny later in the contest in a format that allows detailed questions and insights.”
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In the ITV leadership debate on Sunday, Mr Sunak accused Ms Truss of peddling “something-for-nothing” economics after she said he was choking off growth by raising taxes to their highest level in 70 years.
Meanwhile, the foreign secretary attacked Mr Sunak’s record in the Treasury, telling him: “Rishi, you have raised taxes to the highest level in 70 years. That is not going to drive economic growth.
“You raised national insurance, even though people like me opposed it in cabinet at the time because we could have afforded to fund the NHS through general taxation.
“The fact is that raising taxes at this moment will choke off economic growth; it will prevent us getting the revenue we need to pay off the debt.”
There were further furious exchanges between Ms Mordaunt and Ms Badenoch – who accused the trade minister in the first debate of having pushed a policy of gender self-identification for people who wanted to legally change their gender when she had government responsibility for the issue.
Speaking to broadcasters on Monday, Sir Keir Starmer said: “I’m astonished that those that want to be prime minister of the United Kingdom are pulling out of debates and out of scrutiny.”
Liberal Democrat leader Ed Davey added: “The Conservatives say they want to lead but they won’t even turn up to debate the issues that matter to our country.”
One more PM hopeful is set to be eliminated today when Tory MPs cast their votes in the third round of the leadership battle.
Mr Sunak and Ms Mordaunt maintained their places at the top end of the leaderboard in first and second spot respectively following the second ballot.
Ms Truss, who came in third, will hope to pick up votes from Attorney General Suella Braverman who endorsed her candidacy after she was eliminated in the last round.
There will be successive rounds of voting by MPs this week until only two contenders remain.