Trouble in Paradise for Liz Truss, as UK PM struggles 6 weeks into power

It is trouble in paradise for Liz Truss, the United Kingdom Prime Minister, just six weeks into office in Downing Street. As Liz Truss fights for her political survival, the Conservative MPs are threatening to oust her as well as the allies that are warning she might just have few days to turn around her premiership. The beleaguered British prime minister will try to garner up her rapidly crumbling support by bringin in her cabinet ministers at No 10 on Monday evening. After that she is setting up on a series of meetings with Tory MPs before the upcoming budget.

In an extremely limited period of six weeks, the new premier of UK has managed to push the country into a financial crisis emergency, with her policies causing central bank intervention, multiple U-turns and the firing of her Treasury chief.

Keep Reading

Conservative lawmaker Robert Halfon was fuming as he underscored that the last few weeks had brought “one horror story after another.” “The government has looked like libertarian jihadists and treated the whole country as kind of laboratory mice on which to carry out ultra, ultra free market experiments,” he told Sky News.

During the debate for contests to decide on the new leadership, Truss had called herself a “disruptor who would challenge economic orthodoxy.” She had promised of cutting taxes and that she would slash red tape to reboot Britain’s sluggish economy. This was, however, deemed a reckless move by her opponent and former Chancellor Rishi Sunak who had argued that immediate tax cuts would be a careless move amid the already in-shock economy due to pandemic and Ukraine war. The largely older and affluent 172,000 Conservative Party members had preferred Truss’ vision. She had won 57 per cent of members’ votes to become leader of the governing Conservative party on September 5 and was appointed the Prime Minister next day by Queen Elizabeth II.

“Many of us, wrongly, expected her to pivot after she won the leadership contest in the way many presidents do after winning the primaries,” said Tim Bale, professor of politics at Queen Mary University of London. “But she didn’t do that. She actually meant what she said.” Country’s economy has been under stress with pound plunging to record low. The inflation running at 10 per cent hasn’t seen much relief even after stepping in by Bank of England. Clearly Liz Truss has miscalculated, and gravely.

EU Reporter

As vast is the European region, the more diverse are the developments and news that are to be known. I bring to table the news and political affairs from region to your screens.

Recent Posts

Gaetz for Attorney General? McCarthy’s Skepticism Hints at Tough Road Ahead

Former Speaker of the House Kevin McCarthy (R-Calif.) expressed doubts about the confirmation chances of former Rep. Matt Gaetz (R-Fla.)… Read More

November 14, 2024

Mercosur and UAE Move Closer to Landmark Free Trade Agreement

Negotiation of the trade agreement with Mercosur and increasing interest in Middle Eastern market advances with the potential to drive… Read More

November 14, 2024

Top Grossing Local Film: “Hello, Love, Again” Earns ₱85M on First Day

"Hello, Love, Again," the movie starring Kapamilya actress Kathryn Bernardo and Alden Richards earned over ₱85 million on its first… Read More

November 14, 2024

Ex-Captain Rashid Latif Advocates Pakistan’s Cricket Independence from India

Former Pakistan cricketer Rashid Latif has voiced strong opinions about cricket match between India and Pakistan. He said that Pakistan… Read More

November 13, 2024

Slow Progress on Colombia’s Land Reform Efforts Stalls Hopes for Peace and Stability

President Gustavo Petro’s goal of redistributing land in Colombia—an issue central to the 2016 peace agreement between the government and… Read More

November 13, 2024

Fox News Host Pete Hegseth Nominated to Lead Pentagon Under Trump Administration

In a rather surprising decision, Donald Trump suggested Pete Hegseth, a news anchor at Fox News, become the Secretary of… Read More

November 13, 2024

This website uses cookies.

Read More