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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsKwasi Kwarteng thinks Liz Truss will be gone in weeks
The Times of LondonKwasi Kwarteng believes that Liz Truss has bought herself just a few weeks by sacking him and reversing her budget because the wagons are circling on the end of her premiership.
The prime minister mounted a desperate attempt for survival as she told her chancellor that he had to go to restore market confidence and also reversed her pledge to freeze corporation tax.
In a sign of her political weakness she turned to the former foreign secretary Jeremy Hunt, a Rishi Sunak supporter who was excluded when she named her cabinet last month, to succeed Kwarteng as chancellor.
Hunt will have to draw up plans to balance the government books before a fiscal statement at the end of the month. Forecasts by the independent Office for Budget Responsibility are said to be dire and suggest that there will be a £60 billion hole in the public finances by 2026-27.
The prime minister mounted a desperate attempt for survival as she told her chancellor that he had to go to restore market confidence and also reversed her pledge to freeze corporation tax.
In a sign of her political weakness she turned to the former foreign secretary Jeremy Hunt, a Rishi Sunak supporter who was excluded when she named her cabinet last month, to succeed Kwarteng as chancellor.
Hunt will have to draw up plans to balance the government books before a fiscal statement at the end of the month. Forecasts by the independent Office for Budget Responsibility are said to be dire and suggest that there will be a £60 billion hole in the public finances by 2026-27.
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Kwasi Kwarteng thinks Liz Truss will be gone in weeks (Original Post)
brooklynite
Oct 2022
OP
Well, Truss is still subsidizing energy costs, so they'll be able to keep the fridge running...
brooklynite
Oct 2022
#3
GenThePerservering
(1,824 posts)1. She's gonna beat George Canning
For shortness of prime ministership.
She's like a dollar store Thatcher (or I guess a Pound Land).
vanlassie
(5,670 posts)2. Which will last longer? Truss or a head of lettuce?
brooklynite
(94,579 posts)3. Well, Truss is still subsidizing energy costs, so they'll be able to keep the fridge running...
vanlassie
(5,670 posts)4. Mmmm. Either lights and fridge or....heat!