The Truss government falters due to the resignation of a powerful minister

The Truss government falters due to the resignation of a powerful minister

The head of the Interior alleged as a reason for her resignation having used her personal email account to send an official document to a colleague, an “error” and a “technical infraction” for which she accepted her “responsibility”. “I resign,” she wrote.

However, in his resignation letter, Braverman also assured that he was “seriously” concerned about the government’s policies.

Criticism

“Pretending we haven’t made mistakes, acting like no one can see we’ve made them, and hoping things will magically work out for the best is not serious politics,” he wrote.

Hours later, former Transport Minister Grant Shapps was named as Braverman’s replacement.

Truss has faced widespread criticism for forcing her finance minister, Kwasi Kwarteng, to take the blame for a budget proposal that created a financial tsunami in the country.

Rejected by public opinion and questioned within her own party, the conservative leader, assured yesterday in an appearance before Parliament that she intends to remain in office.

Truss described herself as “a fighter, not a quitter.” “I am willing to make difficult decisions,” she insisted, despite the humiliating abandonment of almost all the measures that made up her economic plan.

At the end of September, his now former Finance Minister, Kwasi Kwarteng, had presented a package of measures that revolved around massive tax cuts and a colossal subsidy for household energy bills, two issues that raised fears of a collapse in the public accounts. The pound fell to its lowest level ever and long-term government bond yields soared, forcing the Bank of England to intervene to avert a major financial crisis.

Labor boss Keir Starmer taunted her yesterday by intoning an “Out, out!”, which was echoed by his co-religionists. “Why is he still here?” concluded the opposition leader.

Appointed in a hurry on Friday, Jeremy Hunt announced on Monday the reversal of almost all of the tax cuts presented by his predecessor, giving the impression that power is now in his hands rather than in those of the head of the Government.

Prices

Although inflation stood at 10.1% year-on-year in September, its highest level in 40 years, Hunt wanted to reassure the British that pensions will be adjusted to higher prices.

“This government gives priority to the most vulnerable while providing economic stability,” he said, warning that public spending will still need to be cut.

The British Office for National Statistics (ONS) said yesterday that the consumer price index (CPI) increased 10.1% in annual terms in September. The news triggered a new collapse of the pound.

Sensitively, food and non-alcoholic beverage prices were the main driver of inflation, rising 14.5%, their biggest jump since April 1980, according to historical CPI estimates.

Austerity

Many fear a return to austerity policies, as during the 2008 financial crisis, which led to drastic cuts in the public budget and a rise in unemployment.

According to a YouGov poll, only one in ten Britons and one in five Conservative Party voters have a favorable opinion of Truss.

55% of the members of the majority party estimate that he would have to resign, while 38% want him to continue in his position.

Two years before the next parliamentary elections, the Labor opposition clearly leads the Conservatives in the polls.

Five MPs from his party have already publicly called on Truss to step down, but

In the absence of a clear successor, the Conservatives are reluctant to launch a new and exhausting process to appoint a leader.

“I don’t think launching a new campaign, getting rid of another prime minister, is going to convince the British people that we think of them” or reassure the markets, Foreign Secretary James Cleverly warned Wednesday. Sky News network.

Source: Ambito

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