Liz Truss

2022 - 10 - 20

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UK Prime Minister Liz Truss resigns after failed budget and market ... (CNBC)

U.K. Prime Minister Liz Truss resigned following a failed tax-cutting budget that rocked financial markets and which led to a revolt within her own ...

Sunak is now one of the [favorites to replace Truss](https://www.cnbc.com/2022/10/20/who-could-replace-uk-pm-liz-truss-sunak-mourdant-johnson-hunt.html), along with Hunt, another leadership contender Penny Mordaunt, Defense Minister Ben Wallace and former Prime Minister Boris Johnson. bond markets which balked at the debt-funded tax cuts he put forward. Most of the policies [expected budget update](https://www.cnbc.com/2022/10/17/uks-new-finance-minister-sets-out-.html) on Oct. It remains at the level it was on Sept. [pound](/quotes/GBP=/) was up 0.5% on the day against the [dollar](/quotes/.DXY/) an hour after the announcement, trading at $1.1273, briefly touching a session high. I have therefore spoken to His Majesty the King to announce that I am resigning as leader of the Conservative Party." Opposition parties Labour, the Scottish National Party and the Liberal Democrats called for an immediate general election on Thursday afternoon. The number who have written letters to Brady expressing no confidence in the prime minister was reported to be over 100 by Thursday. The party is now due to complete a leadership election within the next week, faster than the usual two-month period. 23, Truss' finance minister, Kwasi Kwarteng, announced a so-called "mini-budget" which began a turbulent period for U.K. The yields on 30-year, 10-year and five-year gilts (U.K.

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Embattled UK PM Liz Truss holds crunch talks as political crisis ... (CNBC)

U.K. Prime Minister Liz Truss is reportedly locked in discussions with a key member of the Conservative Party who oversees leadership challenges.

Truss is meeting with Graham Brady, the Conservative politician that is in charge of leadership votes and reshuffles. The Conservative Party was considered favorable by 18% of people, versus 45% for the opposition Labour Party. A vote of no confidence is usually held when 15% of the group submits letters, but current party rules state no leadership election or vote of no confidence can be held for one year after a leader assumes office. And yes, I do think it's time for the prime minister to go." "That is also what the Prime Minister wants." The spokesperson also said she had faced a "difficult day" but wanted to continue in the post.

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Liz Truss to quit as prime minister (The Guardian)

Statement expected shortly after departures of top ministers and evaporation of political authority.

Afterwards, a dozen or more Conservative MPs who rebelled did not even know whether they still had the whip. [announced the scrapping of almost all the tax cuts](https://www.theguardian.com/politics/2022/oct/17/hunt-rips-up-most-of-mini-budget-and-scales-back-energy-prices-plan), and the scaling back of Truss’s flagship scheme to cap energy bills, in an attempt to restore stability. “It’s over,” a source said.

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UK Conservative lawmaker submits letter of no confidence in PM Liz ... (Reuters)

Another lawmaker in Britain's ruling Conservative Party has submitted a letter of no confidence in Prime Minister Liz Truss.

Jill Mortimer, a member of parliament for Hartlepool, said in a post on Facebook: "the deteriorating situation throughout the day left me with no choice but to submit a Letter of no confidence in the Prime Minister to Sir Graham Brady." [The Thomson Reuters Trust Principles.](https://www.thomsonreuters.com/en/about-us/trust-principles.html) LONDON, Oct 20 (Reuters) - Another lawmaker in Britain's ruling Conservative Party has submitted a letter of no confidence in Prime Minister Liz Truss.

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Liz Truss Says She Will Resign as Prime Minister: Live Updates (The New York Times)

Her departure, after six weeks in office, came as virtually all of her signature tax cuts were being reversed, a stark repudiation of her leadership.

That was a point of distinction with Rishi Sunak, her main competitor in the contest, who described the idea as “fantasy economics.” Lettuce can generally stay crisp for about seven to 10 days — though that’s typically the life span of refrigerated lettuce, not a head that’s been sitting out on a table and wearing a wig. The lettuce was later given a glow-up, featuring a blonde wig, glasses and Mr. Her proposed tax-cut plan so alarmed voters and the markets that she was forced to [reverse herself and fire her top ally](https://www.nytimes.com/2022/10/14/world/europe/liz-truss-kwarteng-fired.html), leaving many to wonder if she would be pushed out just weeks after she started. Minutes later, a remix of “Celebration” by Kool & the Gang set the mood. Truss](https://www.nytimes.com/2022/10/19/world/europe/liz-truss-uk-parliament.html) as home secretary on Wednesday after acknowledging that she was guilty of a technical breach of email security rules. A paratrooper’s daughter who serves in the Royal Naval Reserve, Ms. Some analysts have even speculated that Boris Johnson, who resigned as prime minister in the summer, could make a return. As things stand, party members need to choose from a shortlist of two candidates selected by Conservative lawmakers. He took on the job on April 10, 1827, but died from pneumonia in August of that year. Truss said, her obvious understatement drawing catcalls from opposition lawmakers and pained expressions from members of her own Conservative Party. She said she would remain party leader and prime minister until a successor is chosen within a week.

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U.K. Prime Minister Liz Truss announces resignation after six weeks ... (The Washington Post)

The Conservative Party revolt against Liz Truss's brief tenure as prime minister comes just a few months after it deposed its previous leader Boris Johnson.

“The British people deserve so much better than this revolving door of chaos.” YouGov, the pollster, said that she was the most unpopular prime minister the organization has ever tracked. But her plans, which included billions of unfunded tax cuts, spooked the markets and sent the pound plunging. I spoke to the king and notified him that I was resigning,” she said in front of her residence at Downing Street. The previous record-holder for shortest-serving prime minister was George Canning, who lasted 119 days. Truss has only been in office for 44 days.

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Image courtesy of "Financial Times"

Liz Truss quits as UK prime minister (Financial Times)

Liz Truss said that she had agreed with Graham Brady, the chair of the backbench 1922 committee of MPs, a timeline under which she would be replaced by the ...

99 € for 3 months 345 € for 1 year 1 € for 4 weeks

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'12 Hours' To Save Her Job: Britain's Government On Brink Of ... (Forbes)

British Prime Minister Liz Truss is desperately fighting to stay in power Thursday after one of her key ministers quit and chaos dramatically engulfed a key ...

Some polls even suggest an outcome so bad the Conservatives are [forced](https://www.telegraph.co.uk/politics/2022/10/17/politics-latest-news-jeremy-hunt-budget-liz-truss/) out of [opposition](https://www.independent.co.uk/news/uk/politics/tory-poll-liz-truss-labour-starmer-b2204553.html) as well as government, with fewer MPs than the Scottish National Party and the Liberal Democrats. [chaotic fracking vote](https://www.theguardian.com/politics/2022/oct/20/dozens-tory-mps-facing-disciplinary-action-fracking-vote). The Tories are being battered in the polls, which project a [landslide](https://www.theguardian.com/politics/2022/oct/16/rees-mogg-coffey-and-hunt-would-lose-seats-in-election-poll-suggests) victory for Labour and could see many senior ministers lose their seats. The Bank of England [intervened](https://www.forbes.com/sites/roberthart/2022/09/28/bank-of-england-quells-market-chaos-after-uk-government-spooks-investors/?sh=1243fa1c1a39) to quell market chaos, Truss reversed course on several key ideas and fired Kwarteng, later installing a finance minister who reversed almost all the policies. [reportedly loath ](https://www.telegraph.co.uk/politics/2022/10/16/mps-want-tory-members-barred-leadership-election-party-power/)to repeat the drawn out selection process that put Truss in office and are considering changing the rules or fielding a [unity candidate](https://inews.co.uk/news/politics/tories-struggle-find-unity-candidate-replace-liz-truss-as-ben-wallace-jeremy-hunt-rule-out-bids-1917869) to avoid another spectacle. A celebrity lettuce has captivated the nation in its attempt to outlast Truss’ time in office. Truss is on the cusp of securing the dubious honor of becoming Britain’s shortest-serving prime minister in history. Her predecessors, Boris Johnson and Theresa May, both stayed on for weeks after resigning. Whether the U.K. A general election is held in the U.K. [record](https://www.politico.eu/article/uk-liz-truss-tories-least-popular-pm/) as the country’s least popular prime minister in the history of polling. She is not [expected](https://www.france24.com/en/europe/20221017-a-case-of-when-not-if-truss-leaves-downing-street-amid-tory-plotting) to remain in office much longer and is facing open rebellion from lawmakers after having lost several important cabinet members and u-turned on multiple flagship policies in a matter of weeks.

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Embattled British Prime Minister Liz Truss warned she has hours to ... (CNN)

Liz Truss is fighting to save her job as Britain's prime minister after more of her own lawmakers called for her to quit, incensed by a shambolic ...

“This is an absolute disgrace,” Charles Walker added to the BBC on Wednesday. “I have concerns about the direction of this government,” Braverman said. Earlier this year, Truss’s predecessor Boris Johnson narrowly survived a confidence vote in his leadership. The group decides whether to call a vote of no confidence in the prime minister. The government initially presented the vote as a confidence motion in Truss’s government, but confusion remains about whether it was. “The business of government relies upon people accepting responsibility for their mistakes.

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Liz Truss has 12 hours to turn things around - Tory MP (BBC News)

More Tory MPs break ranks to call for the PM to go, as she seeks to reassert her authority.

The Conservative MP for Waveney, Peter Aldous said the "window of opportunity" for Ms Truss to win his confidence is "very rapidly diminishing, if it hasn't closed altogether". After the chaotic scenes on Wednesday night, Conservative MP Sir Charles Walker said he was "furious" with the "shambles" - and there was "no coming back" for the government. Suella Braverman then resigned as home secreary over data leaks and disagreements over immigration policy. This led to chaotic scenes as MPs who wanted to vote in favour of a ban on fracking were confronted by cabinet ministers ordering to them to vote with the government. Speaking on BBC Radio 4 , Mr Hoare said there was "a growing sense of pessimism in all wings of the Tory party." Her attempts to reassert her authority were torpedoed by the resignation of the home secretary and farcical scenes after a Commons vote on Wednesday.

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Liz Truss clings to power as chaos in Westminster escalates (Reuters)

British Prime Minister Liz Truss battled to retain her grip on power on Thursday, a day after a second top minister quit and rowing and jostling broke out ...

Opposition lawmakers said some of Truss's Conservatives were "manhandled" to vote with the government. She promised tax cuts funded by borrowing, deregulation and a sharp shift to the right on cultural and social issues. Voting results show that more than 30 Conservative lawmakers did not vote, including those who were away or unwell. Others seem to have given up. "I think it is a shambles and a disgrace," lawmaker Charles Walker told BBC television, saying he was "livid" at the "talentless people" who put Truss in power. Truss became Britain's fourth prime minister in six years after being elected in September to lead the Conservative Party by its members, not the broader electorate, and with support from only around a third of the party's lawmakers.

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Truss faces clamor to quit amid UK government chaos (ABC News)

U.K. Prime Minister Liz Truss is hanging on to power by a thread after a senior minister quit her government and a vote in the House of Commons descended ...

He said the government will need to save billions of pounds and there are “many difficult decisions” to be made before he sets out a medium-term fiscal plan on Oct. The Bank of England was forced to intervene to prevent the crisis from spreading to the wider economy and putting pension funds at risk. The plan’s 45 billion pounds ($50 billion) in unfunded tax cuts sparked turmoil on financial markets, hammering the value of the pound and increasing the cost of U.K. A national election doesn't have to be held until 2024, and under Conservative Party rules, Truss technically is safe from a leadership challenge for a year. There were angry scenes in the House of Commons, with party whips accused of using heavy-handed tactics to gain votes. On Monday Kwarteng’s replacement, Hunt, scrapped almost all of Truss’ tax cuts, along with her flagship energy policy and her promise of no public spending cuts. The prime minister's spokesman said Truss intended to remain in office. Brady is tasked with assessing whether the prime minister still has the support of Tory members of Parliament. It’s all sort of hand-to-hand fighting on a day-to-day basis,” he told the BBC on Thursday. He said Truss had “about 12 hours” to turn the situation around. Among potential replacements — if only Conservative lawmakers can agree — are Sunak, House of Commons leader Penny Mordaunt and newly appointed Treasury chief Jeremy Hunt. Truss held a hastily arranged meeting in her 10 Downing St.

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'Odds are against' UK's Liz Truss surviving the day as PM - lawmaker (The Jerusalem Post)

A parliament vote on fracking devolved into chaos as confusion arose over whether it was a confidence vote in Prime Minister Liz Truss's administration.

"Those without a reasonable excuse for failing to vote with the government can expect proportionate disciplinary action." In a sign of the chaos, Downing Street issued a statement at 1:33 a.m. During that vote I saw things I’ve never seen, like the Deputy Prime Minister, physically pick up an upset Tory MP & put him in the division lobby. You couldn’t make this toxic stuff up, nasty to see the Tories at work, if this is how they treat their MPs spare a thought for the country.— Lloyd Russell-Moyle MP️ (@lloyd_rm) Bullying like nothing I’ve seen in my 7 years as an MP.— Cat Smith MP (@CatSmithMP) Graham Brady, who chairs the committee, is currently meeting with British Prime Minister Liz Truss, the Daily Mail reported on Thursday.

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UK PM Liz Truss meeting 1922 Committee head Brady (Reuters)

British Prime Minister Liz Truss is meeting with Graham Brady, the head of the 1922 Committee of Conservative lawmakers, a source in Truss's Downing Street ...

Several of Truss's own Conservative lawmakers have called on her to quit, with some saying they had submitted letters of no confidence in Truss to Brady, whose committee sets the rules for selecting and changing the party's leader. Truss is battling to retain her grip on power after a tumultous six weeks in the job that has included financial market chaos in response to her government's economic programme, and the replacement of two of her most senior ministers. LONDON, Oct 20 (Reuters) - British Prime Minister Liz Truss is meeting with Graham Brady, the head of the 1922 Committee of Conservative lawmakers, a source in Truss's Downing Street office said.

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