1
Many people choose to work overtime rather than spend more time at home, but I prefer the latter one.
Many people choose to work overtime rather than spend more time at home, but I prefer the latter.
Use the latter, without one, to refer to the second of two people, things or options that have just been mentioned.
2
He offered coffee, tea or beer, and I chose the latter.
He offered coffee, tea or beer, and I chose the last one.
Use the latter only when two people, things or options have been mentioned. When there are more than two, use ‘the last one’.
See FORMER