Truss faces challenges to continue as UK prime minister

British Prime Minister, Liz Trussin a crisis meeting with his finance minister, insisted on Sunday on his attachment to a “solid” economy, after a tense week under the onslaught of his own party that threatens his continuity in office.

Under a wave of criticism that included US President Joe Biden, Truss admitted it had been painful to fire Kwasi Kwarteng as finance minister.

LOOK HERE: The crisis facing Liz Truss and why they wonder if she will last “longer than a lettuce” in office

But this Sunday he wrote in the Sun on Sunday newspaper: “You cannot pave the way to a low-tax, high-growth economy without maintaining the markets’ confidence in the strength of our currency.”

The erosion of confidence began on September 23 when Kwarteng and Truss unveiled their ultra-liberal program, inspired by US President Ronald Reagan’s 1980s policies, to implement a £45 billion ($50 billion) cut. in taxes financed exclusively by a rise in debt.

Markets plunged, sending borrowing rates up for millions and the Conservative Party sinking in the polls.

An internal war began, a few weeks after Truss succeeded Boris Johnson in office.

MORE INFORMATION: The radical economic turn of Liz Truss in an attempt to stay as Prime Minister of the United Kingdom

In an attempt to stay in office, he sacked his newly appointed finance minister and replaced him with Jeremy Hunt.

Truss met with his new finance minister this Sunday to outline a new program ahead of the budget presentation on October 31.

“It’s going to be very, very difficult and we’re going to have to be honest with people about it.”Hunt said in an interview with the BBC on Sunday.

Source: Elcomercio

Ronald Payne

I, Ronald Payne, am a journalist and author who dedicated his life to telling the stories that need to be said. I have over 7 years of experience as a reporter and editor, covering everything from politics to business to crime.