![]() Party rebels: The Cabinet is split over whether to decouple welfare payment increases from inflation, and Conservative rebels are operating a smartphone spreadsheet collecting their grievances, in a sign Truss is still in deep trouble. Plummeting polls: Truss is now as unpopular as John Major at the 1992 depths of his unpopularity: just 16 percent approve of her performance per Morning Consult, while 71 percent disapprove. That’s after markets went into free-fall after a recent government announcement about the unfunded tax cuts. ET, when the Bank of England will end a bond-buying spree which was started to stabilize markets. Truss’ decision was an effort to cut off possible market chaos from 11 a.m. The government had already been forced to ditch an unfunded tax cut for high income earners, and is now expected to ditch an announced corporate tax cut. Kwarteng was forced to leave an IMF gathering of finance ministers Thursday night as the political storm brewed. Truss will give a press conference later today, amid reports of another imminent U-turn on significant parts of her plan to cut taxes. TRUSS FIRES HER FINANCE MINISTER: Prime Minister Liz Truss has fired Kwasi Kwarteng as chancellor, in a bid to save her imploding government. 25 snap election who is yet to form a government. The wheels are falling off Britain’s new government today, and there are signs a similar problem may be emerging in Italy for Giorgia Meloni, the putative winner of a Sept. Wheels falling off government in Britain and Italyįollow Ryan on Twitter | Send tips and insights to ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |