Liz Truss dismisses her finance minister to stop another ‘tory’ rebellion against her government

Liz Truss he moves to try to save himself. This Friday he dismissed his Minister of Economy and the main person in charge of the controversial tax cut plan, Kwasi Kwartengand back again: raise corporate tax to 25%as planned by the Government of Boris Johnson and which will allow the collection 18,000 million pounds (about 21,000 million euros).

In this way, Truss abandons one of its main commitments, although it maintains the rest of the social cuts. He needed to act back to the edge of the precipice. It was the reason why Kwarteng has prematurely returned to London from the IMF summit in Washington, where he received a good smackdown. The agency called on the UK “not to spread the pain” and to “recalibrate” its fiscal policy. With the announcement of him and the appointment of “moderate” Jeremy Hunt as a substitute, the prime minister tries to buy time and calm things down.

“We need to act now to reassure the markets about our fiscal discipline,” she herself pointed out at a press conference that it only lasted ten minutes. After the historic collapse of the pound at the end of September, this Friday, so far this day the pound has fallen by about 1%, standing at 1.12 dollars per pound.

Without remorse and self-criticism about the budget presented that caused the collapse of the pound a few weeks agoTruss has reiterated that his intention is “to achieve a with low taxeshigh salaries and high growth”. “My party chose me for that”, he recalled, although he recognized that he has to fulfill the mission “in a different way”.

[Reino Unido intenta evitar la quiebra de sus fondos de pensiones mientras favorece a los ‘hedge funds’]

The insatiable Conservative Party has already given an ‘extra life’ to Liz Truss last week, a long time ago when it comes to the UK. She gave a speech at the ‘tory’ congress held in Birmingham and was applauded standing up, when until hours before the dialectical knives were flying between rumors of an internal “coup” to throw her out. She had been in office for a month. “You can trust me,” she said to her ‘colleagues’. It was last Wednesday. Opening of The Times this Friday: ‘The Conservatives plan to replace Liz Truss with Rishi Sunak Y Penny Mordaunt‘.

Sunak, former Minister of the Economy, and Mordaunt, of Defense, have already fought to succeed Boris Johnson at 10 Downing Street. On this occasion they would go hand in hand: prime minister and ‘number 2’. Strong members of the party are maneuvering to formalize a joint candidacy and force a process to remove Truss. According to The Times, would have the backing of “an overwhelming majority of Conservative MPs.” In fact -adds the newspaper-, more than twenty former ministers and current senior officials “are intensifying their conversations” to ask the premiere to resign

“It would be disastrous”

A YouGov survey concludes that almost half of the citizens who voted for the Tories in the last elections they advocate the departure of Truss. 62% believe that the party made a wrong decision in the primaries. This same firm released another study last week that placed Truss – it should be remembered that she has been prime minister since September 6 – below in popularity, not since Johnson, even from Labor Jeremy Corbynwho had the honorable honor of being the politician who brought together the greatest rejection.

[Por qué el Reino Unido de Liz Truss no se parece en nada al de Margaret Thatcher en 1979]

Truss has loyalists. They defend – this was recently done by the Foreign Minister, james cleverly– that the consequences of a new change – Truss is the fourth conservative leader in six years – would be “disastrous”, especially for what critics understand that the prime minister is disrupting, in the case of the economy. “Truss said she would protect people and businesses from the unprecedented rise in energy prices and she will,” Cleverly said. Warnings may not be enough because the process is underway.

Under party rules, Truss is untouchable for a year, but in practice, if a significant number of MPs put pressure on the committee chairman, Graham Bradythe relay attempt could be launched at any time.