What's new

Liz Truss resigns - New Prime Minister for UK 'within the next week'

Last few months have just been the cherry on top!

We can trace the chaos back to May calling an election, losing a majority and going into coalition with the DUP.

Its been downhill for a long time.

Who is to blame? The remoaners & LDs! Hell bent on thwarting and overturning the largest democratic exercise in UK history. And these same lot champion democracy!

All they had to do was accept the voice of the people and we would not be in this mess.
 
Let this be a lesson to Liberals, both prominent and trojan, you NEVER hire the right colour or sex, but the right skills.
 
Trojan Truss is not a leader.

She succumbed to market pressure and this silly twarp is blaming Putin! This is the same PM who stated sanctions against Russia were working!

What a poisonous snake.

Bring back Boris!
 
Watching trojan Truss statement live.

Awful awful embarrassment.

I swear to god Gordon Brown would be better than this snake!

VEXED!
 
Lol @ that press conference.

Looked like she wanted to hearbutt every single journalist
 
To those liberals who champion Western democracy, what a sham. Trojan Truss was not even elected by the public - democracy is it?

Boris on the other hand won an election with one of the largest majorities in UK history. Oh no! Lets sack him cos he had a drink during a lockdown. Meanwhile Truss sacks the guy who implimented HER PLAN!
 
To those liberals who champion Western democracy, what a sham. Trojan Truss was not even elected by the public - democracy is it?

Boris on the other hand won an election with one of the largest majorities in UK history. Oh no! Lets sack him cos he had a drink during a lockdown. Meanwhile Truss sacks the guy who implimented HER PLAN!

Do you understand British democracy?

The public don't vote for a prime minister
 
I like JH!

One of the few competent Tories.

Jeremy Hunt wanted to cut corp tax to 15% when vying for Tory leadership, now he is CE, and Truss makes a U-Turn on Corp tax.

JH might have the right optics, but his credibility, intent, and integrity are laughable.
 
Jeremy Hunt wanted to cut corp tax to 15% when vying for Tory leadership, now he is CE, and Truss makes a U-Turn on Corp tax.

JH might have the right optics, but his credibility, intent, and integrity are laughable.

At the moment the Tories just need someone who can stand up in the commons and be taken seriously.

The current cabinet ( minus Hunt) are the worst that has ever been assembled.

Hunt can handle some of the heat that will be directed at the Tories in the next few weeks.
 
Do you understand British democracy?

The public don't vote for a prime minister

He doesn't actually say anything rational when it comes to politics or governance, his posts on here are usually copy and paste alt right commentaries.

He posted that he thought the budget is excellent. I found it really amusing to see his posts after the economy tanked, they were a bit more subdued and shied away from making outrageous, irrational comments.

He's back to form now, ignoring my challenge and question. Probably still hurting from last time I dissected his wild assertions and conspiracy.
 
Who is to blame? The remoaners & LDs! Hell bent on thwarting and overturning the largest democratic exercise in UK history. And these same lot champion democracy!

All they had to do was accept the voice of the people and we would not be in this mess.
The hard right in the Tories are more to blame than anyone.
 
Right, because LDs never campaigned on a second referendum and Remainers were silent post June 2016, including MPs on all sides.
The campaign for a second referendum was just that - a campaign. Zero impact.

'Remainers' and LD have no impact on policy and how we are seen on the world stage.

The Tory right has been tearing up the country and their own party since Cameron called for the referendum.
 
Liz Truss has said "I want to be honest, this is difficult" after sacking her chancellor and reversing key policies of her government's growth plan.

In a news conference shortly after dismissing Kwasi Kwarteng, Ms Truss said: "The way we deliver our mission has to change."

Ms Truss said she was "incredibly sorry" to lose her good friend Mr Kwarteng, and confirmed that she had appointed Jeremy Hunt in his place.

She said Mr Hunt would deliver the medium-term fiscal plan at the end of the month.

Ms Truss also confirmed the government would raise corporation tax next April to 25% from 19%, despite pledging not to do so in the mini-budget.

She said Mr Hunt is "one of the most experienced and widely respected government ministers and parliamentarians, and he shares my convictions and ambitions for our country".

But she refused to take responsibility for any of the economic turmoil the mini-budget caused, saying: "It is clear that parts of our mini-budget went further and faster than markets were expecting, so the way we are delivering our mission now has to change."

Determined to remain as prime minister, she said she "acted decisively" and in the national interest.

"I am determined to see through what I've promised - deliver higher growth, a more prosperous United Kingdom," she insisted.

"I have to act in the national interest as prime minister."

And asked if she would apologise after former Tory chancellor Philip Hammond said she had trashed the party's winning reputation for economic competence, she refused.

"Well, I am determined to deliver on what I set out when I campaigned to be party leader," she said.

"We need to have a high growth economy, but we have to recognise that we are facing very difficult issues as a country."

The PM sacked Mr Kwarteng this afternoon, shortly after he landed in London after leaving International Monetary Fund meetings in Washington DC early.

He was sacked three weeks after unveiling £45bn of unfunded tax cuts in the mini-budget, which pushed the pound to a record low against the dollar, sent the cost of government borrowing and mortgage rates up and led to an unprecedented intervention by the Bank of England.

The economic turmoil forced the government into two U-turns of major policies in the mini-budget: abolishing the 45p rate of income tax for higher earners and axing the planned rise in corporation tax from 19% to 25% next April.

SKY
 
Right, because LDs never campaigned on a second referendum and Remainers were silent post June 2016, including MPs on all sides.

So how did everyone who was NOT in government, stop a pro brexit cabinet from implementing the Brexit they wanted?

According to Boris, who you constantly praise, the Brexit deal was oven ready and good to go. That deal was then implemented.

We left the EU under the oversight of the PM who thought the deal was everything we wanted.

What has this got to do with remainers or Lib Dems?

You're talking about absolute irrelevance.

The tories have been in power for 12 YEARS. And where we are today is all they have to show for it.
 
The shortest presser EVER?

<div style="width: 100%; height: 0px; position: relative; padding-bottom: 100.000%;"><iframe src="https://streamable.com/e/04azo5" frameborder="0" width="100%" height="100%" allowfullscreen style="width: 100%; height: 100%; position: absolute;"></iframe></div>
 
Truss is an idiot. Every economist out there was screaming at her that the economy could not sustain a tax cut, but no- she had to do a Rajapaksa in terms of doomed populist moves! And now showing her complete incompetency by letting others take the fall for it. Time to admit that Sunak had the right of it.

Not that Labor would have got this right. I suspect those idiots would have doubled down to provide freebies to ward off the inflation.
 
Truss is an idiot. Every economist out there was screaming at her that the economy could not sustain a tax cut, but no- she had to do a Rajapaksa in terms of doomed populist moves! And now showing her complete incompetency by letting others take the fall for it. Time to admit that Sunak had the right of it.

Not that Labor would have got this right. I suspect those idiots would have doubled down to provide freebies to ward off the inflation.

I'll just take this moment to reiterate, Technics thought it was an excellent budget, so I'm very perplexed to see his U-turn and criticising how things have panned out.

I also find it amusing that people still commenting on "but Labour wouldn't have done better". Everything that is happening today was going to happen under Jeremy Corbyn and Labour wasn't it, which is why people voted Tory, no?

So if there's no difference, the question becomes:

Aren't the real idiots going to be the ones who vote the Tories back in, despite not voting for Labour because they would take us to exactly where the Tories have?

Are all those "protest" voters, as a matter of principle, voting to get this goverment out?

12 years of Tory leadership and failures, and still talking about Labour.
 
The shortest presser EVER?

<div style="width: 100%; height: 0px; position: relative; padding-bottom: 100.000%;"><iframe src="https://streamable.com/e/04azo5" frameborder="0" width="100%" height="100%" allowfullscreen style="width: 100%; height: 100%; position: absolute;"></iframe></div>

Truss is under the impression her actions have brought "economic stability".

Someone should tell her that political powerhouse Technics no longer agrees that it's an excellent budget because even the alt right can't defend it lol.

That's how bad Truss is.
 
I'll just take this moment to reiterate, Technics thought it was an excellent budget, so I'm very perplexed to see his U-turn and criticising how things have panned out.

I also find it amusing that people still commenting on "but Labour wouldn't have done better". Everything that is happening today was going to happen under Jeremy Corbyn and Labour wasn't it, which is why people voted Tory, no?

So if there's no difference, the question becomes:

Aren't the real idiots going to be the ones who vote the Tories back in, despite not voting for Labour because they would take us to exactly where the Tories have?

Are all those "protest" voters, as a matter of principle, voting to get this goverment out?

12 years of Tory leadership and failures, and still talking about Labour.

Yep, excellent point. Power cuts on the way, mass strikes, pound devalued, chaos in the markets. Disaster capitalist has the same effect as disaster socialism.
 
The hard right in the Tories are more to blame than anyone.

Aye. Brexit was a hard-right power grab. But the Brexit hard right are all incompetent zealots. All the competent Tories were Remainers and got purged by Bozo.
 
GBP down 2%

Gilt yields up too.

Markets have no faith in Trojan Truss, even after her 14:30 stunt!
 
Liberal lies will fail to mention that Labour polices between 97-08 resulted in UK insolvency and contributed to the financial crisis - and we have been paying for Labour mistakes since 2008 - AUSTERITY.
 
Anyone here thinks Sunak would have done better?

I don’t think he could have done worse and caused so much chaos in the financial markets, he predicted this would happen under Truss’s proposals. Am not a supporter of his or the deplorable party but I believe he would have been less of a coward
 
The shortest presser EVER?

<div style="width: 100%; height: 0px; position: relative; padding-bottom: 100.000%;"><iframe src="https://streamable.com/e/04azo5" frameborder="0" width="100%" height="100%" allowfullscreen style="width: 100%; height: 100%; position: absolute;"></iframe></div>

It is up there in UK political history, but Biden has had shorter Press Conferences.

That's the thing with Liberals, they make a lot of noise but then leg it when the pressure is on.
 
I love how MSM is spinning the yarn that the mini budget has led to higher mortgage costs, what the MSM fail to mention is that rates were rising long before the mini budget, and when Boris was PM!
 
Same old script we've been hearing from Tories for decades.

The truth is UK along with others is in serious debt, the days of the 1800's where you could go loot others is long gone.

The balance of power is changing in the world, Russia and China will be the superpowers, most wealthy nations in 20 years time. Europe and US will be in a mess.
 
Truss is an idiot. Every economist out there was screaming at her that the economy could not sustain a tax cut, but no- she had to do a Rajapaksa in terms of doomed populist moves! And now showing her complete incompetency by letting others take the fall for it. Time to admit that Sunak had the right of it.

Not that Labor would have got this right. I suspect those idiots would have doubled down to provide freebies to ward off the inflation.

Yep, excellent point. Power cuts on the way, mass strikes, pound devalued, chaos in the markets. Disaster capitalist has the same effect as disaster socialism.

Thats the point, you would imagine a conservative govt would have a better handle over the economy compared to the liberals who are known to dole out freebies & tank the markets. However Truss was neither here nor there and so her repeated turns & u turns have lost her both Tory & market support.

Atleast one should appreciate Sunak’s stance now - he was very clear that the economy cannot sustain tax cuts. Surely he cant do worse than clueless Liz at this point.
 
Thats the point, you would imagine a conservative govt would have a better handle over the economy compared to the liberals who are known to dole out freebies & tank the markets. However Truss was neither here nor there and so her repeated turns & u turns have lost her both Tory & market support.

Atleast one should appreciate Sunak’s stance now - he was very clear that the economy cannot sustain tax cuts. Surely he cant do worse than clueless Liz at this point.

Sunak and Truss are both pro-elite, rich people and big business. His plan may come in a different costume but ultimately will only benefit those.

US and UK democracy is a farce because its legal corruption, donors give them money to do their bidding.

Take cash out of politics and only then will the people benefit.
 
General Election in the first half of 2023?

Labour should absolutely sweep the next general election....to the extent that even safe tory seats will turn red.

I dont think the Torys will risk it just now.

They are better off taking the remainder of the term to try and turn things around a bit.

Losing seems a certainty but perhaps they can enact some form of damage control before exiting.
 
<b>Who is Jeremy Hunt? New UK chancellor who backed Sunak in leadership race</b>

Jeremy Hunt, who has previously served as health secretary and foreign secretary, has been named as the UK's new chancellor.

He takes over at a critical time for the UK economy after weeks of financial turmoil and uncertainty over the recently proposed mini-budget.

His predecessor Kwasi Kwarteng has been sacked by the prime minister.

Mr Hunt is a big name in the Conservative party - and has twice unsuccessfully tried to become the party leader.

In the leadership race this year, he put his weight behind former chancellor Rishi Sunak over Liz Truss. This was after getting eliminated from the contest himself early on, having failed to get enough votes to go any further.

He had stood for the top job before - and in 2019 he nearly made it, finishing second in the leadership race with Boris Johnson named as the winner.

Mr Hunt, the fourth chancellor this year, was brought up in the Surrey town of Godalming and attended Charterhouse School, where he became head boy and was known for his love of cross-country running.

At Oxford University he put his name out into the political sphere when he served as president of the Conservative Association.

But prior to his career in parliament, Mr Hunt had a career as an English teacher in Japan and as an entrepreneur - co-founding the Hotcourses education publisher.

When the business was sold in 2017, Hunt netted a reported £14m, making him one of the UK's richest politicians. He said he would use the money to fund campaigns after he leaves politics.

Mr Hunt was first elected to parliament at the 2005 general election, taking over from Virginia Bottomley as the MP for South West Surrey.

From 2005 to 2007 he was the shadow minister for disabled people as a reward for supporting David Cameron - who attended Oxford University at the same time as him - in the Conservative leadership contest.

Then when the Conservative-Liberal Democrat coalition government was formed in 2010, Mr Hunt joined the cabinet as secretary of state for culture, Olympics, media and sport.

It was an important role in the run-up to the 2012 London Olympics, during which he worked closely with Mr Johnson, who was Mayor of London at the time.

Earlier in 2012, he faced calls to resign over his role in the BSkyB takeover bid.

The then Labour leader Ed Miliband said Mr Hunt should quit over his contacts with Rupert Murdoch's media empire while he was considering the bid, which was later withdrawn.

But he survived the row and in September 2012, was appointed heath secretary.

He held office during a slow period of investment in the NHS which created big problems, amid times when demands on the health service were growing.

He also faced criticism over his handling of plans to introduce new contracts for junior doctors.

The medics took part in a series of walk outs in 2016 - on two occasions, between 08:00 and 17:00, leaving emergency care uncovered - the first time that had ever happened in the history of the NHS. A new contract for junior doctors was later imposed.

But Mr Hunt did go on to secure a funding increase for the NHS and also oversaw the introduction of an Ofsted-style system for rating hospitals and GP surgeries in England.

During the 2016 EU referendum, Mr Hunt was a remain campaigner, but afterwards said he would support leave.

His long-running appointment as health secretary ended when he became foreign secretary in July 2018. This was after his predecessor Mr Johnson quit over Theresa May's Brexit strategy.

During his time as foreign secretary between 2018-19 Mr Hunt tried to free Nazanin Zaghari-Ratcliffe who had been held in Iran on spying charges, which she always denied.

After her release, he accused the UK of "diplomatic failure" and said global co-operation was needed to "stamp out" states taking people hostage.

In March 2019, he became the first Western foreign minister to visit Yemen since conflict there began.

After losing to Mr Johnson in the 2019 leadership race, Mr Hunt said the campaign was "always going to be uphill" for him because he voted Remain in the 2016 EU referendum.

He was elected to head a committee of MPs which scrutinises the performance of the NHS and government health policy in January 2020, saying he was "honoured".

In June this year, he revealed he had had cancer but had now recovered. He said at the time that "every member of his family" has had the disease and that he had "a minor one" himself.

Recently Mr Hunt made headlines appearing at an infected-blood inquiry where he called the scandal a "huge failing of democracy".

https://www.bbc.co.uk/news/uk-politics-63259600
 
<b>Tory MPs appear to be divided over the future of Liz Truss as prime minister following her major U-turn announcement.</b>

Ms Truss reversed a key policy to scrap the planned rise in corporation tax from 19% to 25% after she sacked Kwasi Kwarteng as chancellor.

Heated messages were shared in Conservative Party WhatsApp groups after Ms Truss's hastily-arranged a Downing Street press conference.

Government descends into chaos as PM faces battle to survive - follow live updates

In a screenshot sent to Sky News' deputy political editor Sam Coates, Crispin Blunt called for Rishi Sunak and Penny Mordaunt to take over.

"Step forward Rishi and Penny, with our support and encouragement in the interests of us all."

Nadine Dorries replied to say: "Followed by a general election? I love you Crispin but if you seriously think we can impose another leader without one, that media and the people would allow that, you need to lie down.

"You may as well embrace dictatorship [because] it's the most un democratic [sic] proposal imaginable."

Meanwhile, Robert Simms appeared uncomfortable with the plan to hold the next financial statement on 31 - Halloween.

"Witches outfits smoke and mirrors," messages on the group said. "Nightmare on Downing Street. In short... cannot be Halloween."

During her press conference Ms Truss indicated she was determined to remain as prime minister and had "acted decisively" in the national interest.

"I am determined to see through what I've promised - deliver higher growth, a more prosperous United Kingdom," she insisted.

"I have to act in the national interest as prime minister."

Asked whether she should resign at her press conference, Ms Truss said: "I am absolutely determined to see through what I have promised."

https://t.co/CZ7oEE5trg
 
Lol. Absolutely clueless leadership. UK was a cesspit before she became the PM. Now it's a laughing stock cesspit. Putin must be ROFL. Boris was an idiot but atleast had a semblance of capability. Sunak had a plan but apparently his shoes were way too expensive. Enjoying the show
 
General Election in the first half of 2023?

I doubt it. Tories are evil, but they are not lemmings.
250 Tory MPs will lose their jobs on current polling, and the Scot Nats may even become HM Opposition.
 
The tories have taken this country back to the stone ages.

NHS doomed
Brexit a total disaster .

Only problem is there's no alternative!
 
I'm not a gambler. But if I were I would bet on her being out by Monday. The reaction of the markets to the press conference sealed the deal.
 
I'll make a prediction ( I'll probably be wrong lol)..I believe she will survive long enough to usher in the new year. She doesn't need to call an election and can wait it out. Its all about the markets now. If they stabilise she can use the time to consolidate. Just remember they have everyone on their side. She just has to hang on in there.

All this talk of elections is nonsense. Keir knows this is his best chance..it could be a different picture by next election time. I mean the right wing press love a right wing comeback story.

Keir thinks he's already won but he should be wary.

Finally it's funny how the rabid rightwingers are crying about her now..I mean she gave them what they want but it's been proven that such policies are nonlonger viable. They need a new paradigm and that's not coming from these boomers and gen xers..Labour is no different..(slightly better for public spending)..
 
The new chancellor Jeremy Hunt has said there "were mistakes" in Liz Truss and Kwasi Kwarteng's mini-budget.

Speaking to Sky News on Saturday, Mr Hunt said: "It was a mistake when we were going to be asking for difficult decisions across the board on tax and spending to cut the rate of tax paid by the very wealthiest."

He added that it was an error to "fly blind" by not accompanying the 'fiscal event' with an economic forecast by the Office for Budget Responsibility, which many argue sent the financial markets into turmoil.

On tax cuts, he said: "We won't have the speed of tax cuts we were hoping for and some taxes will go up."

Asked if this would mean a return to austerity, he replied: "I don't think we're talking about austerity in the way we had it in 2010. But we're going to have to take tough decisions on both spending and tax."

The comments signal a plan to up-end the prime minister's entire economic strategy, in an extraordinary rebuke of the pledges that brought her into office.

Mr Hunt was appointed chancellor on Friday, an hour after his predecessor Kwasi Kwarteng was sacked after just 38 days in the job.

While his appointment was welcomed by some Tory MPs as "an experienced pair of hands", others questioned why Mr Kwarteng was the one who had to go when he was pursuing policies Ms Truss espoused in her leadership campaign.

At a hastily-arranged news conference in Downing Street on Friday, the prime minister dismissed calls for her resignation, saying she was "absolutely determined to see through what I have promised".

But announcing another U-turn, she said: "It is clear that parts of our mini-budget went further and faster than markets were expecting, so the way we are delivering our mission right now has to change."

Mr Kwarteng's plans to drop the planned rise in corporation tax from 19% to 25%, were therefore being scrapped, she announced, saving the Exchequer £18bn a year.

SKY
 
Chancellor Jeremy Hunt has insisted Liz Truss is still in charge of the government, after a series of U-turns left her premiership in jeopardy.

Some Tory backbenchers have been talking privately about how to remove the PM, after market turmoil led her to abandon her flagship tax policies.

Mr Hunt urged the party to unite behind her, as the pair held crunch talks to thrash out plans on tax and spending.

But a senior Tory MP said "the game is up" and called for Ms Truss to go.

Mr Hunt replaced Kwasi Kwarteng on Friday, after the former chancellor was fired following financial turbulence in the wake of last month's mini-budget and a backlash from a number of MPs in his party.

A key test of the government's moves so far will come when markets reopen early on Monday, with ministers facing a nervous wait to see if the rise in UK government debt costs over recent weeks continues.

Measures already jettisoned from the £45bn package of unfunded tax cuts announced last month include scrapping the top income tax rate, and a freeze in corporation tax.

And Mr Hunt, who held talks with Ms Truss at her official Chequers country retreat, has not ruled out further U-turns as he seeks to restore UK economic credibility.

In an interview with the BBC's Laura Kuenssberg, recorded on Saturday, he said he was not "taking anything off the table".

He warned of "difficult decisions both on spending and on tax," as he prepares to deliver an economic statement on 31 October to convince investors he has a plan to get debt under control.

However, there are newspaper reports that some Tory MPs have already begun talks about how to remove her from power, despite current party rules preventing a formal leadership challenge for a year.

Tactics reportedly under consideration include submitting no-confidence letters in a bid to force party bosses into a rule change, or changing the rules to allow MPs to bypass party members and pick a new leader themselves.

Asked whether she could survive as PM, former minister Crispin Blunt told Channel 4: "No, I think the game is up and it's now a question as to how the succession is managed.

"If there is such a weight of opinion in the parliamentary party that we have to have a change then it will be effected."

Speaking to Sky News, senior backbencher Robert Halfon said "of course, colleagues are unhappy with what is going on", adding that "we're all talking to see what can be done about it".

He said he was not calling on Ms Truss to go, but called for a "dramatic reset" in the government's direction.

And in a blistering attack, he accused ministers of behaving like "libertarian jihadists" treating the public as "laboratory mice on which to carry out ultra, ultra free market experiments".

Biden weighs in

However Sir Geoffrey Clifton-Brown, who sits on the committee that decides the rules, told BBC Radio 4's Broadcasting House that removing Ms Truss would be a "very serious event".

"We will only change the rules if it is very clear that a large majority, by which I mean probably sixty to seventy percent," he added.

Former cabinet minister Nadine Dorries, a key ally of former leader Boris Johnson, warned "serial back-stabbers" against trying to depose Ms Truss.

"Our core supporters will not vote for a feuding party that throws its leaders overboard in every storm," she wrote in the Sunday Express. "She has had a rough start but we must give her the chance to put things right".

Meanwhile, in a further blow to the prime minister, US President Joe Biden has criticised tax cuts from her mini-budget.

In an unusual intervention, he told reporters during a campaign visit that the outcome was "predictable" and "I wasn't the only one that thought it was a mistake".

He added that he had disagreed with "the idea of cutting taxes on the super wealthy", but it was up to the UK to "make that judgment, not me".

In his BBC interview, Mr Hunt said every government department would be asked to make savings, ahead of the 31 October economic statement.

However, he insisted the changes would not be "anything like" the period of austerity which began in 2010, when predecessor George Osborne oversaw large cuts in public spending.

Asked who was running the government, he said "the prime minister's in charge", insisting she remained committed to boosting economic growth but had changed "the way we're going to get there".

"She's listened, she's changed, she's been willing to do that most difficult thing in politics which is to change tack," he added.

According to reports, Ms Truss is also preparing to delay by a year her 1p cut to the basic rate of income tax.

The Treasury has not confirmed the reports, adding: "We cannot speculate on any tax changes outside of a fiscal event."

Former Health Secretary Matt Hancock urged the prime minister to reshuffle the cabinet to extend her support across the party.

He told the BBC: "There's a huge amount of talent on the backbenches - I'm not talking about me, but there are many others that should be brought into government."

Labour's shadow business secretary Jonathan Reynolds said any further public spending cuts would be entirely because of government "incompetence".

"I'm not even sure what this government's economic policy is at the moment. I don't know which bits of the budget still apply, and I don't know what we will hear next week," he told the BBC.

BBC
 
Amazing that the government has had to clarify on TV that the prime minister is still in charge of the government.
 
Jamie Wallis has become the third Conservative MP to break ranks and call for Liz Truss to quit Downing Street.

Mr Wallis, the MP for Bridgend and Porthcrawl since 2019, said Ms Truss had "undermined Britain’s economic credibility and fractured our party irreparably".

Sharing a letter to the Prime Minister on Twitter, he wrote: "Enough is enough. I have written to [her] to ask her to stand down as she no longer holds the confidence of this country."

It comes after Andrew Bridgen, the MP for North West Leicestershire, told the Telegraph: "We cannot carry on like this. Our country, its people and our party deserve better."

And Crispin Blunt, the veteran MP for Reigate, urged the Prime Minister to resign "now" following her failed mini-Budget last month and weeks of fiscal turmoil.

DT

-----------

The vultures are circling, and rumour is Sunak might make a comeback!
 
<b>Archbishop of Canterbury takes aim at Liz Truss's trickle-down economics</b>

The Archbishop of Canterbury has taken aim at Liz Truss, warning that he is “deeply sceptical” about trickle-down economics.

The Most Rev Justin Welby, who made the remarks while on a tour of Australia, said that if rich people have money they are more likely to save it than spend it.

He argued that a better way to generate spending in the economy would be to put more money into the pockets of those who need to buy food.

“I’m not going to make a party political point because both parties are deeply divided and I’m not going to talk about Australia because I just don’t know the situation,” he told The Guardian.

“But in the UK, the priority is the cost of living, with the poorest. And from an economics point of view, I’m deeply sceptical about trickle-down theory.

“You know, if you cut money for the rich, ever since Keynes wrote his general theory in 1936, whenever it was, he showed very clearly that the rich save if they’ve got enough to live on.

“So if you want to generate spending in the economy, you put more money into the hands of those who need the money to buy food, to buy goods, to buy basic necessities."

Asked whether there was a moral case for governments setting budgets that disproportionately affect the poor he said: “No, I can’t see a moral case for it. No.”

He is the latest public figure to speak out against the theory, which dictates that the best way to help the poor in society is to help those richer, because when richer people are better off they spend and invest in ways that boost economic activity, creating jobs for the poor.

Last month Joe Biden, the US President, spoke out against it ahead of his first official meeting with Ms Truss.

He said at the time that he was “sick and tired” of trickle-down economics, adding that it has “never worked”.

It is not the first time the Most Rev Welby has spoken out against trickle-down economics. In a 2020 sermon at Southwark cathedral he said that Jesus Christ “commands a bias to the poor, not the trickle-down theory of economics”.

And in 2017 he said rich people should pay more taxes because people tend to “hold on” to what they have got.

He said at the time that trickle-down economics “fails” as an effective form of redistribution, adding that we need a system that “spreads the goods of wealth more evenly across society”.

https://www.msn.com/en-gb/money/oth...sedgntp&cvid=1ca9718986e34b228be2e2f6632571c0
 
Back in July I said these unfunded tax cuts and fantasy economics Truss was pedalling would be a disaster and so it proved while some of you guys were cheerleading tax cuts.

http://www.pakpassion.net/ppforum/s...unning-for-next-UK-PM&p=11515900#post11515900

There's an old saying - if something is too good to be true it probably is. The markets have basically slapped the Tories back to reality, and Truss could be the shortest serving PM in a century.
 
Question for Technics:

The budget you thought was excellent has just been completely scrapped. You have yet to comment, as someone who clearly understands governance, as to how and why this has all happened to the excellent budget?
 
will Liz last the week?

Weird character.

Hard left parents.

Rebelled by joining the LDs at Cambridge and spoke at Conference in favour of ending the Monarchy.

They she heard Tim Farron say that the Tories were in such disarray that anyone with ability joining them would shoot up the ranks. Bingo - Truss became a Tory!

She was a Remainer who swapped to Leave to advance herself among the xenophobic elderly Tory members.

I don’t think she has any guiding principles save self-advancement.

Anyway Hunt is de facto PM now. If he can steady the economic ship , then it will suit him for her to remain in place as a lightning rod for all the you know what flying.
 
Amazing that the government has had to clarify on TV that the prime minister is still in charge of the government.

Which means she isn’t. Her authority is gone among her MPs.
 
The thing is Liz lives in a bubble and she is absolutely clueless as to why people are getting so worked up?!

She's capable of staring down Putin, selling cheese and wine to the French, create growth x 3, cut taxes, dress like Maggie..... Truss is like 'what more do they want from me?' Poor woman!

She made it this far in life reasonably unchallenged, shocking near and dear ones as to how she did it. Now hit a brick wall, that too a head on collision.

Dont write Liz off yet, the sort of person who'll brush it all off and come back as if nothings happened.
 
If Penny Mordaunt had shown this sort of spine during the debates she could have won!
 
Pressure is mounting on the prime minister ahead of an emergency statement by her new chancellor Jeremy Hunt to reassure financial markets over the government's economic plans.

Mr Hunt is expected to U-turn on more of the government's tax-cutting plans.

He is also expected to provide more clarity on public sector spending - two weeks earlier than planned.

Three Tory MPs have said Liz Truss must go as prime minister, a message echoed privately by many Conservative MPs.

Mr Hunt is set to make an announcement on the government's plans by lunchtime, followed by a statement in the House of Commons in the afternoon.

The cut to National Insurance is expected to survive as it is already close to passing through Parliament.

However, there could be changes to plans to cut the basic rate of income tax from 20p to 19p.

Financial markets appeared to welcome the prospect of more changes to the government's economic plans.

The pound rose against the dollar earlier and the cost of government borrowing also fell following the news of Mr Hunt's statement.

On Friday, Ms Truss sacked her Chancellor Kwasi Kwarteng and abandoned one of her flagship policies to freeze corporation tax, in response to market turmoil and opposition for her own MPs.

Three Tory MPs - Crispin Blunt, Andrew Bridgen and Jamie Wallis - have since gone public calling for the prime minister to go.

Many others are expressing concerns privately.

"It's done... we can't win," one minister, a Truss supporter who was accepting they will lose their seat whenever a general election comes, told the BBC.

Senior Conservative Mr Blunt, who supported Ms Truss's rival Rishi Sunak in the last leadership election, told the BBC the prime minister's position was "untenable".

He said the appointment of Mr Hunt had "begun to repair some of the damage" but a change of prime minister was needed as well.

In conversations with the BBC over the weekend, many other Conservatives argued Ms Truss would have to leave office before the next election.

Some believed she could hang on for a few months but an increasing number argued she has weeks or even days left.

Under current Conservative Party rules, Ms Truss is safe from a no confidence vote by Tory MPs to oust her for a year. The rules could be changed, however sources suggested to the BBC that the 1922 committee of backbench MPs, who set the rules, would prefer the prime minister to jump before she is pushed.

Some Tory MPs who want Ms Truss to go have suggested putting forward just one candidate to replace her, with MPs choosing their next leader in a couple of days without consulting members, as would normally happen.

The three names being widely discussed are Defence Secretary Ben Wallace, Commons leader Penny Mordaunt and former Chancellor Mr Sunak.

However, there is little agreement over who should take over from Ms Truss if she is removed.

In an attempt to win over her critics, Ms Truss will address the 100-strong One Nation group of centrist Tory MPs, as well as hold talks with cabinet ministers.

Other backbench MPs will also be invited to speak with the prime minister and new chancellor.

Former minister Victoria Atkins, who is a member of the One Nation group, said bringing in Mr Hunt as chancellor was a "very good step".

But asked if Ms Truss could lead her party into the next election, currently set for two years time, she did not give a ringing endorsement.

"She is the prime minister at the moment, we will not have an election for the next couple of years. I want her to get us back onto the right track, I want her to reiterate our concerns for our constituents and for compassionate One Nation values," Ms Atkins told BBC Radio 4's Today programme.

"If she's able to bring those values to the fore then I'm very happy for her to do that."

However, former deputy prime minister Damian Green, chairman of the One Nation group, said he did want Ms Truss to lead the party into the next election.

"The prime minister has been elected. It would be best for the party… if we don't have another leadership campaign," he told Today.

"And so the ideal outcome for the country most importantly, but also as it happens for the Conservative Party, is for the government to succeed."

The independent Institute for Fiscal Studies (IFS) has projected the government will need to find about £60bn of savings to keep national debt under control.

Director Paul Johnson said the chancellor may need to go further than only delaying the cut to the basic rate of income tax, as some reports have suggested he may do.

"It may well be [that tax cut is] reversed altogether," he told Today, adding that this would go further than Ms Truss's rival Mr Sunak had proposed during the leadership campaign.

On spending cuts, Mr Johnson suggested Mr Hunt may set out how much money he intended to save.

"But that's difficult to be very credible about until you've actually identified where you're going to do it," he added.

The chancellor will still give a statement on 31 October, alongside an independent assessment of the prospects for the economy from the Office for Budget Responsibility.

The so-called Medium-Term Fiscal Plan had already been brought forward by several weeks but now Mr Hunt will set out further measures earlier than planned.

Labour's shadow treasury chief secretary Pat McFadden said the chancellor's emergency statement was evidence of government "panic" and the "damage that's been caused over the past few weeks".

"The people who did this damage are not the people who can undo it," he told Today.

BBC
 
A fifth Conservative MP has publicly called on Liz Truss to resign as Prime Minister.

The senior Tory backbencher Sir Charles Walker told Sky News' Beth Rigby that Ms Truss’s "position is untenable".

He said: "She has put colleagues, the country, through a huge amount of unnecessary pain and upset and worry. We don't need a disruptor in No 10. We need a uniter."

The situation "can only be remedied" with "a new prime minister," he added.

Sir Charles gave Ms Truss another "week or two" before she steps down or is forced to resign, adding that he is "so cross" about how "catastrophically incompetent" the Government has been.

His call for her resignation followed those of Angela Richardson, Jamie Wallis, Andrew Bridgen and Crispin Blunt.

DT
 
Remember, BoE was creating £50 Billion of money each month through QE. The Mini Budget was just £45 Billion.

Anyone who believes the markets were worried about how the £45 Billion was going to be funded is utterly naive!

UK also has Billions to fund the Ukraine war.

The demise of the UK economy was inevitable since 2008 and the reaction to the mini budget is simply unfounded.

Still Truss is awful, the Trojan LD Remainer has to go, and Hunt will be hunted soon and never become PM (another Remainer).

Bring back Boris!
 
In the same interview, Liz Truss tells the BBC she will lead the Conservative Party into the next general election.

"The important thing is that I've been elected to this position to deliver for the country. We are facing very tough times. We simply cannot afford to spend our time talking about the Conservative Party, rather than what we need to deliver. That is my message to my colleagues."

What about the fear among many Conservative MPs that the party may lose in the next general election, and the fact that she is being blamed for that?

"Well my message to my colleagues is yes, I completely acknowledge that there have been mistakes. I have acted swiftly to fix those mistakes. I've been honest about what those mistakes were. And what we now need to do is move forward and deliver for the country because that's ultimately... what people care about," she says.

"I will stay in the job to deliver for the national interest," she concludes.

--------

Disaster.

It's hard to believe that the UK government has been in disarray, and looks like this will be the case till 2030.

22 years of madness, all because of irresponsible Labour fiscal policies.
 
PM Liz Truss says sorry for 'mistakes' in first few volatile weeks in office

Liz Truss has apologised for the "mistakes" she has made in her first few volatile weeks as prime minister - but insisted she will lead the Tories into the next general election.

Speaking for the first time after almost all the tax cuts announced in last month's mini-budget were scrapped, Ms Truss said: "I recognise we have made mistakes.

"I am sorry for those mistakes, but I fixed those mistakes. I appointed a new chancellor, we have restored economic stability and fiscal discipline.

"What I now want to do is go on and deliver for the public.

"We were elected on the 2019 manifesto, and I want to go on and deliver that."

Read more: https://news.sky.com/story/liz-trus...n-first-few-volatile-weeks-in-office-12723365
 
The majority of Conservative Party members want Liz Truss to resign now - just six weeks after voting her in - and their preferred replacement is Boris Johnson, a new poll has found.

A YouGov poll of Tory members found 55% would now vote for Rishi Sunak, who lost out to Ms Truss, if they were able to vote again, while just 25% would vote for Ms Truss.

As her position as prime minister hangs by a thread following a major U-turn on the majority of the mini-budget, Tory members are largely unimpressed with Ms Truss.

Truss faces cabinet - as favourite to replace her emerges - politics latest

The poll found 55% of members think she should resign now, while 38% believe she should remain.

And a majority (63%) think former PM Boris Johnson would be a good replacement, with 32% putting him as their top candidate, followed by Mr Sunak at 23%.

They also would support Mr Sunak as a replacement, with 60% thinking that would be a good idea, while 47% think new chancellor Jeremy Hunt would be a good replacement.

Handout photo issued by the Ukrainian Presidential Press Office of Ukrainian President Volodymyr Zelensky (right) meeting Prime Minister Boris Johnson, who has made a surprise visit to Volodymyr Zelensky in Kyiv in support of Ukraine as it marks 31 years of independence from the Soviet Union. Picture date: Wednesday August 24, 2022.

Former leadership candidate Penny Mordaunt has a lot of support as well, with 54% thinking she would be a good replacement, while 62% think Defence Secretary Ben Wallace would be - although he ruled himself out last time.

A total of 31% of Tory members interviewed think they should be the only ones to elect a new leader, while 25% think only MPs should and the same number think MPs should pick the final two candidates and party members choose the final - as currently happens.

The poll was taken on the day and day after Mr Hunt announced the government was U-turning on the majority of the mini-budget policies announced three weeks before by Kwasi Kwarteng, who was sacked as chancellor on Friday.

YouGov polled 530 Conservative Party members between 17-18 October, with age, gender, EU referendum voting and the recent leadership vote weighted to represent the population.

SKY
 
What an absolute train wreck this leadership has become. I have no idea what the Conservatives stand for any more, if Liz Truss is the leader, then it seems neither do they.
 
What an absolute train wreck this leadership has become. I have no idea what the Conservatives stand for any more, if Liz Truss is the leader, then it seems neither do they.

To be fair I think the same can be said of any political party in the UK - the electorate have no idea what these parties stand for now.

However the majority of Asian voters will vote for Race/Gender, rather than policies.
 
The majority of Conservative Party members want Liz Truss to resign now - just six weeks after voting her in - and former PM Boris Johnson topped the list of who would be best to replace her, a new poll has found.

A YouGov poll of Tory members found 55% would now vote for Rishi Sunak, who lost out to Ms Truss, if they were able to vote again, while just 25% would vote for Ms Truss.
 
Drum roll please. . . . . . ANOTHER U-TURN!

Triple lock: Liz Truss ditches pledge to raise pensions with inflation

Liz Truss has abandoned a key election pledge to raise state pensions in line with surging inflation, as she asks ministers to look for spending cuts.

The PM said two weeks ago she was "committed" to the triple lock, so payments rise by whatever is higher: prices, average earnings or 2.5%.

But her spokesman has now said she was "not making any commitments" on government spending.

It comes after ditching flagship tax cuts announced in the mini-budget.

https://www.bbc.co.uk/news/uk-politics-63303880

------------

Once a Liberal, always a liberal.

Get rid of this Trojan LD PM!
 
<b>This is not the time to be changing leader, Armed Forces Minister James Heappey has argued, as he defended the prime minister.</b>

Suggestions that there is a candidate to replace Liz Truss who would unite the party is "for the birds", he added.

Ms Truss has insisted she will lead the Conservatives into the next general election, despite U-turns leaving her battling to salvage her authority.

Labour is calling for an election regardless of Ms Truss's position.

Speaking to the BBC's Political Editor Chris Mason, Ms Truss apologised for the mistakes she made over the ill-fated mini-budget.

On Monday, Chancellor Jeremy Hunt reversed almost all of the tax-cutting proposals laid out last month by former Chancellor Kwasi Kwarteng.

The prime minister chaired a meeting of the cabinet on Tuesday morning, where the chancellor set out the scale of coming departmental spending cuts.

The chancellor is insisting all departments find savings, which could leave cabinet ministers unhappy to see their budgets slashed.

For some, it could even be a resigning issue.

The prime minister is expected to hold talks later with the European Research Group of Tory MPs, who are on the right of the party.

And Ms Truss has been holding meetings with her cabinet ministers and backbench MPs as she tries to reassure her party.

But there is deep unrest in the Conservative Party and active debate about whether and when to try and get rid of the prime minister, with some MPs believing it is urgent and she should be removed as soon as possible.

One former cabinet minister said: "Whatever happens, it has to happen soon."

Other MPs believe the prime minister has bought herself some time with the appointment of Mr Hunt and the dumping of the growth plan, and are waiting to see what further measures the chancellor outlines in a further economic statement on 31 October.

Mr Heappey said the public "will not indulge the Conservative Party tearing itself apart" with another change of leadership.

"We have seen over the past two or three weeks what the economic price of political instability has been," Mr Heappey added.

Speaking to BBC Breakfast he admitted the mini-budget was "unhelpful".

He said "dozens" of his Tory MP colleagues are "gravely concerned" but "they like me recognise this is not the time to be changing leader again".

And speaking to Sky News, Mr Heappey also said that "given how skittish our politics are" at the moment "I don't think there's the opportunity to make any more mistakes".

Labour leader Sir Keir Starmer has called for Ms Truss to stand down, and for the government to call an election.

"The real risk now is carrying on with this lot rather than having a general election and bringing in a Labour government and securing the economy," Sir Keir said.

"We can't go on like this shutting the public out."

A YouGov poll on Tuesday has found that Ms Truss's favourability rating has fallen to -70. Just one in 10 Britons have a favourable opinion of the prime minister, according to the poll.

https://www.bbc.co.uk/news/uk-politics-63297734
 
Disaster. They are now bringing in austerity 2.0..this will literally kill certain people. They will destroy the very structures and organisations that hold this country together just to please the IMF and the markets. Cutting our standard of living because the stupid PM and her ideology screwed things up. This is entirely self inflicted and we the taxpayer have to pay for it..
 
Disaster. They are now bringing in austerity 2.0..this will literally kill certain people. They will destroy the very structures and organisations that hold this country together just to please the IMF and the markets. Cutting our standard of living because the stupid PM and her ideology screwed things up. This is entirely self inflicted and we the taxpayer have to pay for it..

You can’t completely blame it on Truss. England always has been living beyond its means - the Brits want the social benefits of scandinavian countries on tax base similar to America. Years of this deficit have completely eroded the economy. The alternatives before England is to either increase the tax at a level unseen hitherto or austerity measures. Take your pick!
 
Suella Braverman is understood to have departed as UK home secretary after Liz Truss cleared her diary and called off a planned visit amid desperate attempts to save her premiership, the Guardian has been told.

There is speculation that Grant Shapps, the former transport secretary who strongly backed Rishi Sunak in the Conservative leadership race, will replace Braverman in another sudden revamp of Truss’s government.

The prime minister, who had been due to visit a defence technology company on Wednesday afternoon and do a TV clip, spoke to Braverman at a meeting in the House of Commons, sources said.

No 10 denied that Braverman had been sacked but did not respond to requests for clarification about the nature of her departure.

It would be another massive blow to the prime minister’s authority after she was forced to sack Kwasi Kwarteng and rip up her economic strategy to avoid a markets meltdown.

Sources claimed the move was at the behest of the new chancellor, Jeremy Hunt, who has taken over control of the government’s economic response following Truss’s disastrous mini-budget, but who they claimed was now “pulling the strings”.

Braverman was an outspoken critic of Truss’s U-turn on the top rate of tax, suggesting she thought the prime minister had fallen victim to a “coup” earlier this month. Some Tory MPs on the libertarian right of the party have been left dismayed by the prime minister’s subsequent moves to ditch other tax cuts.

Braverman’s departure comes after the Home Office passed a major piece of legislation – the Public Order Act. An ally who spoke to her earlier this week said she had been “upbeat”.

Replacing Braverman with Shapps, less than a week after sacking Kwasi Kwarteng as chancellor in place of Hunt, would be another sign of Truss trying to both appeal to a broader section of the Conservative party, and replacing perceived ideologues with more experienced ministers.

The home secretary, who was given the job when Truss entered No 10 in early September, was seen as a backbench and party member-pleasing choice for the role, given her robust views on immigration, law and order and culture war issues.

However, the former attorney general has been at the centre of several immediate controversies since taking over, including speaking out against a proposed trade deal with India due to her worries about it increasing immigration to the UK.

Braverman has also pledged to reduce net migration to the UK to tens of thousands a year, a target promised before and generally found to be impossible to achieve.

On Tuesday, the home secretary used a debate on environmental protests to blame a “coalition of chaos” including opposition parties and the “Guardian-reading, tofu-eating wokerati” for supporting groups such as Just Stop Oil.

There was also speculation that the prime minister had pulled out of a trip ahead of a Commons vote tonight on fracking, which Tory whips have claimed is a confidence issue, amid fears she could lose.

Braverman has also sought to limit the number of international student visas, a lucrative income source for UK universities, while No 10 swiftly hosed down her suggestion than cannabis could be made a class A drug.

The former lawyer won the safe Hampshire seat of Fareham in 2015 and gained her first frontbench role as a Brexit minister under Theresa May in 2018, resigning over May’s proposed departure deal.

In 2020, Boris Johnson brought her into the cabinet as attorney general, in which role she became the first UK minister to take formal maternity leave

https://www.theguardian.com/politic...verman-departs-as-uk-home-secretary-liz-truss
 
Another one of Technic's heroes gone lol.

Insha'Allah, another blow to support for disgusting policies.
 
That’s another blow to the Tory hard right who supported Truss.

New Chancellor and new Home Sec both voted Remain (as of course did Truss).
 
Another one of Technic's heroes gone lol.

Insha'Allah, another blow to support for disgusting policies.

Your wrong

This is a Liberal globalist coup with Centre left coming in power by the backdoor.

They want strip public spending , carry out austerity

And bring in cheap labour throw out the rule book on wages make a killing of human slave workers and students its the modern equivalent of human slavery
 
With a hurried hot-headed letter like that, it'll be the last time Suella will ever come near a cabinet position. Which PM will trust her again when she has no qualms over the damage she's done?

Perhaps Suella knows this will be the last time Tories ever get to form govt. for the foreseeable future.
 
Your wrong

This is a Liberal globalist coup with Centre left coming in power by the backdoor.

They want strip public spending , carry out austerity

And bring in cheap labour throw out the rule book on wages make a killing of human slave workers and students its the modern equivalent of human slavery

What?

You do realise the Conservatives ran a whole campaign with austerity policies, right?

You do realise public spending was stripped back under austerity policies?

"Bring in cheap labour"... okay, what stopped the Conservatives from amending policies to address this? For example, the enforcement of foreign national from inside the EU being returned if they didn't find a job in 3 months? Putting Conservatives aside, what stopped employers from offering higher wages?

Can you tell me which policies the Conservatives were looking to implement which benefited students that have now been lost through this centre left coup... by Conservatives?

I'm perplexed by what you're saying or your sarcasm is lost on me.
 
Back
Top