Liz Truss vows to scrap every last EU law by end of next year in red tape bonfire if she gets into No10

LIZ Truss today vowed to scrap every last EU law by the end of next year if she becomes PM.

The born-again Brexiteer is promising to set British business free with a red tape bonfire to boost economic growth.

Under her so-called sunset deadline, all remaining Brussels regulations will be booted off the books in December 2023.

It trumps Rishi Sunak’s rival pledge to ditch or reform all hangover EU bureaucracy by the next election, which is scheduled for December 2024.

Ms Truss said: “I will unleash the full potential of Britain post-Brexit, and accelerate plans to get EU law off our statute books so we can boost growth.”

Despite backing Remain in 2016, the Foreign Secretary is loved by grassroots Tories and is now the bookies’ favourite to enter No10.

But last night her team had to deny claims by Dominic Cummings that arch-Remainer Roland Rudd was working on her campaign.

Jacob Rees-Mogg, who has been busy drawing up a hit list of EU rules with suggestions from Sun readers, is backing Ms Truss.

Central to Ms Truss' plan is tearing up the EU's Solvency II red tape blocking the City of London from unlocking billions of pounds of investment.

Mr Sunak has already pledged to "radically reform" the regulation but stopped short of vowing to junk it completely.

Whichever candidate enters Downing St will be immediately catapulted into a court battle with the EU.

Yesterday Brussels launched fresh legal action against the UK over the Brexit deal signed by Boris Johnson.

EU chiefs are already suing Britain for threatening to rip up the Northern Ireland Protocol because it was causing chaos on the border.