Liz Truss: Trying to “pick up” the crisis – Talks about “new development path” and “need for stability”

THE British Prime Minister Liz Truss states that the government is encroaching new path for economic development and emphasizes her need for stabilityshortly after the new Chancellor of the Exchequer, Jeremy Hunt, reversed almost all of the economic measures announced three weeks ago by the British government, causing major upheaval in British markets.

The British people rightly want stability, which is why we are addressing the serious challenges we face in worsening economic conditions.

We have taken action to chart a new course for growth that supports and delivers for people across the United Kingdom. https://t.co/P3yglx6efZ

— Liz Truss (@trussliz) October 17, 2022

“The British people rightly want stability and that is why we are facing the serious problems ahead of us in worsening economic conditions,” Liz Truss said in a tweet.

“We have taken action to chart a new growth path that supports and delivers for people across the UK,” the British prime minister tweeted.

At the same time, a Downing Street spokesman said Liz Truss was focused on delivering economic stability.

The government, in its pursuit of growth, “has taken it too far and gone too far,” the spokesman said.

“We recognize that economic stability is important, especially when we see some of the global adversities we are facing today, and that is why we have made these changes,” he said.

No end to the political crisis in Britain – Why Liz Truss’s “chair is creaking”.

It has no end political crisis in Britain. Although only five weeks have passed since the Liz Truss assumed power, three Conservative MPs already publicly stated yesterday, Sunday, that they wish to remove her from the prime ministership. And according to British publications, there are estimated to be 100 Conservative MPs behind the scenes discussing her removal, examining possible scenarios for her replacement.

Minutes, if the British Prime Minister does not resign herself, then she will have to change the Conservative Party’s constitution to remove herself from her position. And that’s because the Tory constitution provides that the internal party impeachment process against their leader is not allowed, if 12 months have not passed since he assumed power.

In this context, Sir Graham Brady, the chairman of the 1922 committee responsible for the said process, will meet with Ms Truss today to express to her the strong displeasure of Conservative MPs.

In a last-ditch effort to save what can be saved, new finance minister Jeremy Hunt, who only took office on Friday, said this morning that almost all of the tax cuts announced by the government in the so-called mini-budget were being withdrawn. . “The government has decided today to make additional changes to the mini-budget. We decided to announce them ahead of the medium-term budget, which comes to parliament in two weeks’ time (October 31), to minimize unhelpful speculation,” Mr Hunt said. At the same time, as he emphasized, his goal is to restore “confidence and stability” in the country’s public finances.

A sensation has been caused by the fact that the government guarantee for energy prices will finally be universal by April and not for two years, as originally planned. It is worth noting that Liz Truss, upon assuming power at the beginning of September, the first measure she announced to deal with the rapid increase in the cost of living was a freeze on energy prices. After April, the scheme will be more targeted and will not cover all households in Britain, Jeremy Hunt announced.

The scenarios of the next day are many. Some of the so-called “rebels” want Rishi Sunak and Penny Mordant, the two candidates who came second and third respectively in the recent election for the leadership of the Conservative Party, to jointly take over the reins of the country. However, Penny Mordant, in her article today in the Daily Telegraph newspaper, states that she will continue to support the British Prime Minister, pointing out among other things that “the country needs stability and not a soap opera”.

A second scenario is for Defense Secretary Ben Wallace to take over, who is hugely popular, not just within the party, but more widely. His high popularity ratings are mainly due to the way he is handling the war in Ukraine. In fact, according to reports, many Conservative MPs are rallying around Wallace, mainly from the center. However, he still states that his attention is focused on supporting Ukraine, citing the need for unity within the party.

Finally, high on the list of potential successors is the current Minister of Finance. Jeremy Hunt is considered an extremely moderate and has already contested the Conservative leadership twice in recent years. However, with his statements over the weekend, he made it clear that he supports Liz Truss, pointing out that her replacement would worsen the climate of instability. “Has changed. She wants to do something that is very difficult in politics: to change direction,” Mr. Hunt said on BBC television yesterday, referring to the British prime minister. Either way, the next few weeks, if not the next few days, will be extremely difficult for Liz Truss’ political future.

RES-EMP

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