The latest UK Prime minister Liz Truss has just made a statement outside Number 10 Downing Street announcing that she is stepping down just six weeks after taking office
Truss delivered the statement after holding lengthy crisis talks with Sir Graham Brady, the chairman of the 1922 Committee, inside No 10 at lunchtime on Thursday.
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Some 15 Tory MPs had publicly called for Truss to resign, with many on the Government backbenches now of the view that her position was “untenable” amid a growing rebellion.
In front of dozens of reporters Truss said she came into office at a time of “great economic and international instability”.
She added that she cannot deliver the mandate she was elected on by Tory members and is resigning.
Al jazeera reports: Thursday’s development came after her new Chancellor of the Exchequer, Jeremy Hunt, rolled back virtually all of her economic agenda.
Hunt’s move was supposed to be an impetus for growth, but it became Truss’s declaration of political bankruptcy.
At the beginning of this month, at the Conservative Party Conference in Birmingham, Truss had still attempted to rally the party around her controversial approach of boosting Britain’s economy.
“I have three priorities for the economy: growth, growth, growth,” she said.
But what was supposed to be a change from the tumultuous era of former Prime Minister Boris Johnson, a sense of chaos under Truss unravelled at a pace that is almost unprecedented in British history, Nicholas Allen, professor of politics at Royal Holloway, University of London, told Al Jazeera.
“Previous prime ministers’ central policies have unravelled very quickly, for instance – Neville Chamberlain’s leadership during the spring of 1940, Sir Anthony Eden’s Suez adventure, and David Cameron’s campaign to remain in the EU. I can also think of the backlash to Gordon Brown’s decision not to call a general election in the early autumn of 2007,” Allen said.
“But no new prime minister’s position has unravelled so early into their premiership or so catastrophically as Truss’s has over the last few weeks.”
The 47-year-old, who entered parliament in 2010, found herself in a first cabinet position in 2014 as secretary of state for environment, food and rural affairs under former Prime Minister David Cameron.
She since served under Theresa May and Johnson in various positions.
In 2021, she was handed the top role of foreign secretary.
After Johnson’s announcement to step down, she entered the leadership contest and won the race to succeed with 57.4 percent of the members’ vote against Rishi Sunak, who obtained 42.6 percent.
She promised radical tax cuts and high spending to curb energy prices, her very own version of supply-side economics.
According to her plan, one that her role models former British Prime Minister Margaret Thatcher and former US President Ronald Reagan successfully implemented in the 1980s – albeit under very different circumstances – lower taxes, particularly for the wealthy, lead to investments.
At the same time, she believed lower taxes benefit lower income brackets via a trickle-down effect, thus generating substantial economic growth.
Markets spooked
However, when then-Chancellor of the Exchequer Kwasi Kwarteng presented Truss’s plans in a so-called mini-budget a few weeks ago, financial markets reacted in shock and incredulity.
The pound sank while UK government bond yields skyrocketed.
The Bank of England (BoE) intervened with bond purchases to reassure investors. Moreover, rising interest rates on home loans exacerbated what has already been a painful cost-of-living crisis for many Britons.
“The uproar surrounding hers and her then-chancellor’s mini-budget was driven by three factors: the sheer boldness in terms of what was being proposed; the perceived trickery surrounding the cuts, including the sacking of Tom Scholar, the Treasury permanent secretary, the absence of costings, and the decision to call it a mini-budget in order to avoid the scrutiny of the Office for Budgetary Responsibility; and the understandable reaction of the markets,” Allen said.
When the BoE announced it would cease its bond purchases, Truss felt compelled to act.
She dismissed Kwarteng last Friday before announcing a U-turn on plans not to raise corporation tax – an approach she had previously labelled as anti-growth.
Her flip-flopping shredded her credibility.
Niamh Harris
….and still no elections scheduled in the U.K.
Cool, but who’s replacing her? Someone worse?
Always . . . Chesterton said this in 1924 . . .
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They’re all in it together Diana. Boris described truss as the human hand grenade. Obomo said about pedo Joe, “don’t ever underestimate Joe’s ability to fuc* things up. It was a compliment.
meanwhile the purple lipped obama started all that biden is doing and it is said he is running things
I think they’re just keeping him active to keep the black voters and actually the Pope’s running America via Pelosi and Biden. And the CIA FBI SCOTUS etc.
Sodom Hussein Obama is just an organ grinder’s monkey . . .
https://uploads.disquscdn.com/images/217238d76fdce2cdab7fd795642defc061d4e22fa03a61c64ae81ae036f527fb.jpg
OUR very own beloved ANONYMOUS will be stepping IN it for HER!.
Are you demented or just as corript as disqus with their deceitful operations for Vanguard /Pfizer as their Boss. We all know except the idiots they like to patronise here that they’re totally left wing Liberal. Nazis
SURF IS DEAD lockdown NO more underground^^^ EVERYONE IS DEAD very well than? carry on sorry4 the razzies
As always . . . Chesterton said this in 1924 . . .
https://uploads.disquscdn.com/images/0f387eecbe87e87badae3f65f123ec581ab86886fd632c2e0520af0e94e5985e.jpg
Reminds me of something William Durant said about the nature of conservatism and progressivism, except he was more positive about it and considered both to be necessary opposing forces. Progressivism to try risky social experiments hoping one of them might actually work, and conservatism to try to preserve the ideas that actually did work.
In the world today though, I just see a uniparty. Two sides controlled by a third hidden player who has direct control over the money supply and can thus bribe both sides into serving the same unified agenda. In this environment, the word “populism” is a dirty word, because that third party HATES the population.
PROTOCOLS OF THE MEETINGS OF THE LEARNED ELDERS OF ZION… Protocol No. 7 – World-Wide Wars
2. Throughout all Europe, and by means of relations with Europe, in other continents also, we must create ferments, discords and hostility. Therein we gain a double advantage. In the first place we keep in check all countries, for they will know that we have the power whenever we like to create disorders or to restore order…
http : // www . renegadetribune . com/protocols-of-zion-protocol-vii-world-wide-wars/ https://uploads.disquscdn.com/images/3c611057be7222a5f79dce4dafdd57eb5e6d363ffff732bb606284af2d6807c3.jpg
Right vs left, east vs west, both financed with the same shekels.
Its because their freenasons whom embrace Hegelian Dialectic. Freemasonry is 100% is Gnostic duality, black and white like the black and white checkered floor of their lodges.
Gnosticism,Hermeticism and Kaballah is also based on opposites and synthesis.The philosopher Hegel represents this system via the concept of Hegelian Dialectic.
I suppose you think binary code is freemasonry too. Or maybe you think freemasons invented night and day, up and down, magnetic north and south, positive and negative charge.
It’s good to recognize patterns, but it’s not good to assume everything dual is part of some freemason conspiracy.
I didnt say everything at what point? What i said are facts of the occult. Because you knew nothing about it doesn’t prove otherwise.
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According to jews, freemasonry is 100% jewish.
She will be replaced by our own ANONYMOUS according to anonymous!
Your really a very disturbed little individual.
Thats wtf she said also^
The other one I`am not sure OF?
Your just full of aliases as disquses pet troll aren’t you.
GOOD TO HAVE YOU BACK: * HIPPOTAMOUSLY:-the Largest moUTH of all Land animals& also the most dangerous AND now OUR new PM welcome back what you you have to say for your self and all your fans out there in TV land?.
the only thing she had going for her was a nice pair of milk dispensers
Meanwhile here greens senator lidia Thompson resigns after being publicly outed as being a bikies moll. Apparently Australia’s secret services and Canberra police and state and federal police had no idea So they would hqve us believe Greens team leader says he is shocked and had no idea l
Thorpe?
So. Omg.