With more than two years to go until a general election needs to be held (January 2024), the Conservative Party may decide its best shot to stay in power is to quickly move on with a new leader," analysts at Berenberg said.Ĭiti went further and questioned whether Truss' party was capable of navigating and surviving the current economic crisis. "We would not be surprised if Conservative MPs pressure Truss to resign in coming days. "It is not easy to see how Truss – whose personal mandate is now in tatters – can continue as PM for long," analysts at Berenberg Bank said.
Truss' policies – and their reversals – have ricocheted through the finance world, leaving banks questioning the prime minister's future. It isn't just current members of Parliament who are already calling time on Truss' leadership.įormer Conservative Finance Minister George Osborne said the "most likely outcome is that she falls before Christmas," speaking Sunday on "The Andrew Neil Show" on Channel 4. Polling from Opinium Research for the Trades Union Congress shows Labour is set for a landslide victory at the next election, according to The Guardian. "Liz Truss must at least take from MPs representing the families whose livelihoods she's putting at risk," Starmer said. Labour has also called for Truss to face scrutiny from lawmakers after she took only four questions from reporters at a news conference Friday. Leader of the opposition Labour Party, Keir Starmer, said via Twitter on Saturday, "The Tories no longer have a mandate from the British people." Truss sacked Hunt's predecessor on Friday, and now lawmakers from across the political spectrum are calling for her to follow him out the door.Įlected members of Truss' own party are openly calling for her to quit, while up to 100 members of the party are believed to have submitted letters of no confidence in the prime minister, according to reports by the i newspaper.Īngela Richardson, Conservative MP for Guildford, said it was "no longer tenable" for Truss to remain as prime minister, speaking on Times Radio on Monday, while Jamie Wallis, Conservative MP for Bridgend, wrote to the prime minister telling her to resign. He's the fourth person to fill the position since July. The latest plans were announced Monday by Jeremy Hunt, just three days into his tenure as finance minister.
Piece by piece, the plans have been tweaked and trashed – including reversing plans to scrap an increase in the corporation tax, axing plans to abolish the top income tax bracket, and shortening the energy guarantee, designed to subsidize consumer and business energy bills, from two years to just six months. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower
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