According to a media report, the Tories are discussing the replacement of Prime Minister Truss
London According to a report in the London newspaper “Times”, resistance against the British Prime Minister is increasing in the Conservative Party Liz Truss to. Leading Tories would replacement of the head of government after just over a month in office, the newspaper wrote on Friday night. There are considerations to set up a common candidate. Finance Minister kwasi Kwarteng broke off his trip to the IMF/World Bank meeting and returned to London.
A pact between ex-Finance Minister Rishi Sunak and Tory leader Penny Mordaunt is also possible, the Times reported, citing senior party members. Both had failed in the internal competition for party leadership because of Truss. A “council of elders” made up of dozens of former cabinet members is ready to Prompt Truss to surrender.
The prime minister has also been facing harsh criticism from within her own ranks for weeks. The reason for this is Kwarteng’s budget, which was only financed with debt and which had triggered severe market turbulence. After fierce protests, including from leading Tories, Truss and Kwarteng reversed the abolition of the top tax rate.
Now another turnaround is likely: As the newspaper “Guardian” wrote, Truss and Kwarteng do not want to withdraw the significant increase in corporate tax planned for April. The Prime Minister had repeatedly stressed that the increase from 19 to 25 percent decided by her predecessor Boris Johnson would be canceled.
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The markets reacted positively, but Truss seems to be getting nowhere with voters. In a survey by the opinion research institute Yougov for the “Times”, 50 percent were in favor of putting Truss out the door, only 9 percent supported the head of government.
