“This will ensure we stay on track to meet our fiscal plans and maintain economic stability and the national security of our country. I will remain prime minister until a successor is chosen,” she added.
Liz Truss’s departure came after six Conservative MPs set out their position in favor of the resignation. The last blow occurred this Thursday: Suella Braveman left her position as Minister of the Interior.
United Kingdom: the reasons for the resignation of Liz Truss
The main reason for the resignation of Liz Truss as Prime Minister is related to a failed economic plan presented by the Government last month, which caused a financial and political crisis that led to the replacement of the Minister of Finance, Kwasi Kwarteng .
The economic program was based on a controversial cut in spending and taxes to revive growth, breaking his silence on Thursday after nearly a week of chaos in financial markets generated by its huge tax cuts.
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FOCUS. Prime Minister Liz Truss took office on September 6, following the departure of Boris Johnson. According to polls, the opposition Labor Party would win elections if they were held today.
Adjustment of fiscal spending, tax cuts and restrictions on access to social plans They were some of the most important measures promoted by the conservative leader.
The plan triggered a crisis of confidence in government, which sent the value of the pound tumbling, the prices of government bonds and rattled world markets. Meanwhile, Truss denied a change of course and maintained his plan of 45,000 million pounds of cuts Unfunded taxes.
After the expulsion of Kwarteng as head of the economic portfolio, and with the figure of the prime minister greatly weakened, almost all fiscal orders were suspended by her replacement in the ministry, Jeremy Hunt.
For a few days now, Hunt’s objective has been to implement financial policies to calm the market and guarantee economic stability.
Source: Ambito
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