Despite calls for her resignation due to her failed economic plan, British Prime Minister Liz Trace is subjected to a severe grilling in the House of Commons today, Wednesday, from opposition parties that oppose her continuing in office and her conservative party opposing her policies.
Two days after the new Treasury Secretary, Jeremy Hunt, scrapped the tax cuts proposal unveiled by its administration less than a month ago, the Prime Minister’s weekly questioning session will take place on the terrace.
The Bank of England intervened to stop the crisis from spreading to the macroeconomic economy and endangering pensions after the non-funded tax cuts package that was announced on September 23 caused turbulence in the financial markets, a decline in the value of the pound sterling, and an increase in the cost of government borrowing in the United Kingdom.
Under intense political and financial pressure, Taras deposed her ally Kawasi Quarting as Treasury Minister and appointed a replacement—a seasoned politician with a history of holding multiple ministerial positions—in his stead.
The government will need to provide billions of pounds and there are “many difficult decisions” that must be made before defining a medium financial plan, according to Hunt, who revoked all the tax cuts imposed by a terrace and its primary energy programme on Monday. on October 31st, long term.
James Cleverly, the party’s foreign minister, urged the deputies to give a terrace another chance, stating, “The mistakes are happening.
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What you need to do, he continued, is recognise the timing of its occurrence and have the humility to make adjustments when you perceive that things did not turn out as you had hoped.
The official statistics issued today, Wednesday, showed an increase in inflation in the United Kingdom to 10. 1% in September, to return to the highest level in 40 years, which was recorded for the first time in July, where food prices were pressure pressure on the budgets of families.
Polls indicate that the majority of Britons blame the government for their economic woes, despite the fact that global inflation is at an all-time high due to the war in Ukraine and its effects on oil supply.
Polls indicate significant advancement for the opposition Labor Party at the same time. In light of the disagreement among deputies about how to get rid of them, many conservatives now think that replacing a terrace, which insists on remaining in office, is their best chance of averting an electoral defeat.
The Prime Minister is being questioned by the British Parliament. Do the conservatives sacrifice a “terrace”?
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