Trass is struggling to stay in office amid efforts to impeach her due to an economic crisis

Trass is struggling to stay in office amid efforts to impeach her due to an economic crisis After her succession to Johnson at the head of the British government, Liz Terrace is under the weight of pressures caused by the faltering economic situation in Britain, and the lack of clarity in her plans, which translated into the dismissal of Finance Minister Kwasi Kwarting, while many began to talk about a list of candidates to succeed her.  British Prime Minister Liz Truss stressed her commitment to a "healthy" economy on her way to crisis talks Sunday with the new chancellor and a tense week with critics of the Conservative Party.  Even US President Joe Biden joined the attackers of her economic program, calling her now-abandoned tax cut plan a "mistake."  Truss acknowledged that the dismissal of her friend Kwasi Quarting as finance minister was "painful" but added in an article in The Sun newspaper on Sunday: "We cannot pave the way for a low-tax, high-growth economy without maintaining market confidence in our commitment to making good money."  That confidence was jeopardized on September 23 when Quarting and Truss unveiled a right-wing program inspired by US President Ronald Reagan's plan in the 1980s, worth 45 billion pounds ($50 billion) of tax cuts financed exclusively from high debt.  As a result, the markets plunged, which led to a rise in borrowing costs for millions of Britons, and the Conservatives' popularity in opinion polls fell, causing an open war in the ruling party just weeks after the succession of a terrace to Boris Johnson.  She fired Terrace Quarting on Friday, even though they worked out the plan together. His successor, Jeremy Hunt, is now dismantling tax cuts as he pushes to rein in tough spending from his Cabinet colleagues as Britons grapple with a cost-of-living crisis.  Hunt met Truss at the prime minister's rural residence on Sunday to draw up a new budget plan, which is due to be presented on October 31.  "It's going to be very difficult, and I think we have to be frank with the people about that," Hunt said in an interview with the BBC on Sunday.  Some newspapers and many conservatives questioned this decision, given that the foundation of Truss's policy was now in ruins.  Also, several unions threatened on Sunday to resort to strikes throughout the country, at a time when the government wants to limit the right to strike in light of the escalation of social mobility.  The Finance Ministry declined to confirm reports that Hunt planned to delay a planned reduction in the basic rate of income tax, removing another key measure the government announced last month.  "The game ended"  "Hunt is in control as conspirators surround a weak prime minister," the Times wrote on Sunday, noting that the Conservatives were still seeking a way to remove Trump from power.  The newspaper added that confidence "will not be restored as long as she is" in her position, defending Rishi Sunak, the challenger for Teras, whom she defeated in the party leadership elections.  The press reported that Sunak was moving behind the scenes with conservative representatives to take the initiative, and also indicated Defense Minister Ben Wallace as a possible candidate to succeed Teres.  Long-serving Conservative MP Crispin Blunt told Britain's Channel 4 News: "I think the game is over and the question now is how to manage her succession phase."  Alicia Kearns, the new chair of the House of Commons foreign affairs committee, said it was "extremely difficult" whether or not Truss should stay in Downing Street.  "Our moral credibility has been called into question (under Boris Johnson), and now they are asking questions about our financial credibility," she said on Times Radio.  Opinion polls still give a lead to the labor opposition two years before the next general election.  "She has changed the way we are going (to achieve our goals), but she has not changed the course of the country's development," Hunt asserted, in an attempt to defend Truss that "the prime minister is in power."  It remains that the next week will be decisive for Terrace, and the first of its two pioneers is the market's reaction to the latest political developments.

After her succession to Johnson at the head of the British government, Liz Terrace is under the weight of pressures caused by the faltering economic situation in Britain, and the lack of clarity in her plans, which translated into the dismissal of Finance Minister Kwasi Kwarting, while many began to talk about a list of candidates to succeed her.

British Prime Minister Liz Truss stressed her commitment to a "healthy" economy on her way to crisis talks Sunday with the new chancellor and a tense week with critics of the Conservative Party.

Even US President Joe Biden joined the attackers of her economic program, calling her now-abandoned tax cut plan a "mistake."

Truss acknowledged that the dismissal of her friend Kwasi Quarting as finance minister was "painful" but added in an article in The Sun newspaper on Sunday: "We cannot pave the way for a low-tax, high-growth economy without maintaining market confidence in our commitment to making good money."

That confidence was jeopardized on September 23 when Quarting and Truss unveiled a right-wing program inspired by US President Ronald Reagan's plan in the 1980s, worth 45 billion pounds ($50 billion) of tax cuts financed exclusively from high debt.

As a result, the markets plunged, which led to a rise in borrowing costs for millions of Britons, and the Conservatives' popularity in opinion polls fell, causing an open war in the ruling party just weeks after the succession of a terrace to Boris Johnson.

She fired Terrace Quarting on Friday, even though they worked out the plan together. His successor, Jeremy Hunt, is now dismantling tax cuts as he pushes to rein in tough spending from his Cabinet colleagues as Britons grapple with a cost-of-living crisis.

Hunt met Truss at the prime minister's rural residence on Sunday to draw up a new budget plan, which is due to be presented on October 31.

"It's going to be very difficult, and I think we have to be frank with the people about that," Hunt said in an interview with the BBC on Sunday.

Some newspapers and many conservatives questioned this decision, given that the foundation of Truss's policy was now in ruins.

Also, several unions threatened on Sunday to resort to strikes throughout the country, at a time when the government wants to limit the right to strike in light of the escalation of social mobility.

The Finance Ministry declined to confirm reports that Hunt planned to delay a planned reduction in the basic rate of income tax, removing another key measure the government announced last month.

"The game ended"

"Hunt is in control as conspirators surround a weak prime minister," the Times wrote on Sunday, noting that the Conservatives were still seeking a way to remove Trump from power.

The newspaper added that confidence "will not be restored as long as she is" in her position, defending Rishi Sunak, the challenger for Teras, whom she defeated in the party leadership elections.

The press reported that Sunak was moving behind the scenes with conservative representatives to take the initiative, and also indicated Defense Minister Ben Wallace as a possible candidate to succeed Teres.

Long-serving Conservative MP Crispin Blunt told Britain's Channel 4 News: "I think the game is over and the question now is how to manage her succession phase."

Alicia Kearns, the new chair of the House of Commons foreign affairs committee, said it was "extremely difficult" whether or not Truss should stay in Downing Street.

"Our moral credibility has been called into question (under Boris Johnson), and now they are asking questions about our financial credibility," she said on Times Radio.

Opinion polls still give a lead to the labor opposition two years before the next general election.

"She has changed the way we are going (to achieve our goals), but she has not changed the course of the country's development," Hunt asserted, in an attempt to defend Truss that "the prime minister is in power."

It remains that the next week will be decisive for Terrace, and the first of its two pioneers is the market's reaction to the latest political developments.
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