Liz Truss threatened, to replace her finance minister

Apparently some parts of our mini budget were going too far and too quickly compared to what the markets expected.Ms Truss admitted during a brief press conference in the early afternoon, before announcing her intention to raise corporate tax as planned by the previous Conservative government. So far, she wanted to cut it from 25 to 19%.

But the conservative prime minister also said to herself Determined to keep it promise toStronger growth for the UK economy.

What I did today is make sure that we have economic stability in this countryShe defended the Prime Minister who said to herself, Determined to keep it promise toStronger growth for the UK economy.

on the carpet After 38 days in the position, Liz Truss-Truss announced that Jeremy Hunt would replace Kwasi Quarting.

She asked me to resign from the position of counsellor Cabinet , acceptedKwasi Kwarteng wrote in a letter to his country colleague and friend Liz Truss.

He had returned Friday morning in a hurry from Washington, where he was attending the annual meetings of the International Monetary Fund and the World Bank.

What is happening in the UK It shows how volatile the situation is and that caution should also be at the heart of our budget and cash mixestimated from Washington European Commissioner for the Economy Paolo Gentiloni.

Jeremy Hunt, 55, is close to Rishi Sunak, Boris Johnson’s former finance minister and Truss’ opponent in the race for Downing Street. You must contribute to reassure the marketshas been in turmoil since the September 23 announcement of a package of budgetary measures amounting to several tens of billions of pounds with unclear funding.

Barely appointed, the fourth conservative chancellor of the year went to Downing Street. The Treasury confirmed that it would present the government’s medium-term budget plan on October 31, as Quarting was supposed to do.

But will this stormy press conference, new development and mini-change be enough to bring More The economy wanted by Mrs. Truss and to bind the ranks of the Conservatives?

Following his speech, the pound further declined, and the cost of British debt, which had been declining for several days, rose slightly.

Changing finance minister does not reverse the damage done to Downing StreetLabor opposition leader Keir Starmer said, accusing Liz Truss of owning it ruined the economy.

I doubt that [le renvoi de Kwarteng] enough to solve the problems it hasTony Travers, a professor at the London School of Economics, told AFP, also skeptical that his press conference had even taken place. He reassured his colleagues a lot.

Exposing him to danger in his camp

The prime minister, who answered only four questions from reporters, did not falter, speaking in a particularly tense context within her party.

According to the British press, some deputies from his camp have already begun the process of ousting him, in the face of disastrous opinion polls that predicted a landslide defeat for the Conservative majority before the next general election in 2024.

While some, such as Representative Bernard Jenkin, Chairman of the House of Commons Liaison Committee, have called quietly Among the conservative ranks, others questioned his decision to impeach Kurteng.

It is difficult to understand why the prime minister dismissed the chancellor […] who defended the procedures on the basis of which she was electedConservative Representative Roger Gill noted on Twitter.

The press has never been kinder to Liz Truss. according to financial timesShe is now prime minister zombieswhile the Guardian asks: How long can she stay?

The patience of the British, who in recent weeks has been faced with a massive rise in mortgage rates and 10% inflation, is also starting to gain patience.

Before Mr Kwarteng’s dismissal, 59% of Britons believed Liz Truss should resign, according to YouGov, and 43% of Conservative voters.