Liz Truss

The British prime minister also insists she will 'definitely' lead her party into the next general election.

[forced to deny](https://www.politico.eu/article/uk-economy-liz-truss-not-hiding/) that Truss was hiding from scrutiny. [used a television address](https://www.politico.eu/article/hunt-tears-up-truss-tax-and-energy-plan/) to essentially tear up the manifesto which Truss ran on to ultimately win the summer’s Tory leadership contest. [openly plotting ways](https://www.politico.eu/article/liz-truss-prime-minister-uk-conservative-party-finished/) to oust the prime minister, who was forced to sack her close friend Kwasi Kwarteng as chancellor following a furious market response to her tax-cutting agenda.

But Tory MPs were not happy. The former cabinet minister Andrew Mitchell told Times Radio that if it became apparent to Tory MPs that Truss was not up the job, ...

But if one of the aims for the massive volte-face was to save her premiership, it was far from clear it had been successful. Later, she was due to round off a gruelling day at an informal reception with “drinks and nibbles” with her cabinet, before starting the whole engagement process again on Tuesday. “The mood is one of powerlessness,” one insider said. Despite everything, Truss is continuing her “outreach” with Tory MPs, determined to save her premiership, even though that looks virtually impossible. When Truss finally did emerge after her meeting with Brady, it was to sit alongside the chancellor in the Commons as he confirmed the biggest climbdown in modern political history. Hunt held a hastily organised private briefing for Tory MPs in a bid to “calm the horses”. “It means that if she cannot do the job, then she will be replaced.” After they were joined in No 10 by Hunt, the trio led a virtual meeting of the cabinet at 10am to share the U-turn plans. Just a few hours later, in the early hours of Monday morning, the Treasury confirmed that Hunt would make a statement. By the time Downing Street staff arrived at work, Operation “Save Liz” was already in full force. In one particularly bizarre exchange, she insisted: “The prime minister is not under a desk.” In the privacy of her grace-and-favour country mansion, with just their closest aides around them, Hunt went through line by line what was left of the mini-budget.

“The tax cuts were so huge and bold, the language so extraordinary, that at times, listening to Kwasi Kwarteng, I had to pinch myself to make sure I wasn't ...

“Only by bearing down on the amount of tax the state collects across the income spectrum, and reducing the regulatory burden, can we create better conditions for growth.” The Mail trumpeted its enthusiasm for Kwarteng’s mini-budget across two front pages. Although many warned the budget was doomed from the start, there were also plenty of cheerleaders who greeted it with breathless enthusiasm in late September. [free market thinktank the IEA](https://www.theguardian.com/politics/2022/oct/04/kwasi-kwarteng-appearance-iea-thinktank-fringe-event-embedded-no-10), said he was looking forward to the “maxi” budget that would follow the mini-budget. [Alex Brummer, wrote](https://www.dailymail.co.uk/debate/article-11244431/ALEX-BRUMMER-Kwasi-Kwarteng-delivers-genuine-Tory-Budget-spells-end-Treasury-doomsters.html): “The boldness and courage of Kwasi Kwarteng’s debut budget is seismic,” and erroneously predicted it would result in “lifting confidence and sparking a surge in consumption and investment”. [announcement on 23 September](https://www.theguardian.com/uk-news/2022/sep/23/kwasi-kwarteng-mini-budget-key-points-at-a-glance), heralded the “biggest tax cuts in 30 years!” – which the paper predicted would “turbo-charge growth” rather than precede a sterling crash.

Few Tory MPs think she should lead them into an election but they are trying to work out their next move.

That is my message to my colleagues," she concluded. "The important thing is that I've been elected to this position to deliver for the country. "I'm not focused on internal debates within the Conservative Party leader." Her team knows. She is trying to make the best of a desperate situation for her. Liz Truss knows.

Jeremy Hunt ditches economic strategy and drops 'almost all' tax cuts announced by predecessor Kwasi Kwarteng.

if she cannot do the job, she will be replaced.” Former chief whip Andrew Mitchell said the prime minister had just a fortnight to save her premiership. But at a time when markets are rightly demanding commitments to sustainable public finances, it is not right to borrow to fund this tax cut.” “And that is what I am determined to do.” “Governments cannot eliminate volatility in markets but they can play their part and we will do so,” he said. He also scrapped a planned one percentage point cut to the basic rate of income tax, from the existing 20 per cent, along with a range of other tax cut reversals.

The British Prime Minister said she had 'adjusted what we're doing' after the Government's fiscal plans spooked the markets.

I’ve acknowledged that,” she told the BBC. She has put colleagues, the country, through a huge amount of unnecessary pain and upset and worry.” “I wanted to act…

UK Prime Minister Liz Truss is battling to save her premiership after new Chancellor Jeremy Hunt ditched the bulk of her economic strategy.

She told Times Radio: "I just don't think that it's tenable that she can stay in her position any longer. "She is listening to advice on the markets, she is listening to her colleagues and she is making the necessary difficult decisions to change our approach so that we can provide the economic stability and indeed maintain that stability of leadership, which is important." "The prime minister is listening to the public," her official spokesman said. Former chief whip Andrew Mitchell said the prime minister had just a fortnight to save her premiership. - Ditched a 1.25pc cut in dividend tax planned for April, worth around £1bn a year to the Exchequer. UK Prime Minister Liz Truss is battling to save her premiership after new Chancellor Jeremy Hunt ditched the bulk of her economic strategy.

The UK newspaper front pages cover the Chancellor's tax cut reversals as Truss's fight for survival takes centre stage.

The Mail leads on Truss’s perilous position in parliament and her “grovelling apology” for economy blunders. “I do want to accept responsibility and say sorry, for the mistakes that have been made.” “We must take decisions of eye-watering difficulty,” the paper quotes Hunt’s warning to MPs. “Humiliated” the Mirror says. “Truss was warned on Monday night that she was ‘in office but not in power’”, the paper reads. The paper writes that the mini-Budget has been “dumped in a catastrophic humiliation” to the PM as one Tory says Truss has “poured petrol over everything”.

Mr Hunt announced he was scrapping "almost all" of the tax cuts announced by the government last month, in a bid to stabilise the financial markets. A minister ...

Allies of Ms Truss have acknowledged it was a crucial 24 to 48 hours for her premiership. You can also get in touch in the following ways: She also denied there had been a "coup" to remove her. Instead, Ms Truss sent Commons Leader Penny Mordaunt in her place for the clash. He told Sky News: "I think her position is untenable. Ms Truss had previously ruled out a further windfall tax on energy companies. A penny cut in income tax due in April will now not happen. Former chief whip Andrew Mitchell said the prime minister had just a fortnight to save her premiership and "if she cannot do the job, she will be replaced". In a series of tense exchanges, Ms Mourdant told MPs the "prime minister is not under a desk" hiding to avoid difficult decisions. A minister had to deny Ms Truss was hiding "under a desk" after the prime minister did not attend a clash with Sir Keir Starmer in the Commons. Asked if he would introduce a "proper" windfall tax on energy companies, Mr Hunt said he was "not against the principle" of taxing profits that are "genuine windfalls", adding that "nothing is off the table". Mr Hunt announced he was scrapping "almost all" of the tax cuts announced by the government last month, in a bid to stabilise the financial markets.

In an interview with Sky News political editor Beth Rigby, the new chancellor called on Conservative MPs to "give her a chance". He also ruled out becoming ...

who opposed the measures I announced today. , Mr Hunt replied: "She's prime minister, she has got important decisions to make. He has hinted at further U-turns in a bid to balance the books, telling the Commons this afternoon that he is not against the windfall tax "in principle" - something the Ms Truss is opposed to. In a further diversion from Ms Truss' policies, Mr Hunt also failed to commit to spending 3% of GDP on defence - a key pledge made by the prime minister during the Conservative leadership race. Pressed on why Ms Truss is still in the job, he continued: "I would rather a leader who listens, learns and changes and I think we would have more instability, much more instability, if we were to have a leadership process." [as effectively the "caretaker prime minister"](https://news.sky.com/story/trusss-economic-vision-is-not-only-dead-but-the-complete-opposite-policy-will-be-pursued-12720860) after he was brought in to restore economic stability following weeks of turmoil on the financial markets.

The PM apologises for mistakes, after her chancellor tears up almost all of her tax-cutting agenda.

"I do think it is the mark of an honest politician who does say 'yes, I've made a mistake. I've addressed that mistake. "It would have been completely irresponsible for me not to act in the national interest in the way I have." In her interview, Ms Truss said she accepted responsibility for going "too far, too fast" - and she wanted to "say sorry for the mistakes that have been made". Liz Truss told the BBC's Chris Mason she was "sorry for the mistakes that have been made". "I remain committed to the vision, but we will have to deliver that in a different way," she said.

'The great office of Prime Minister was yesterday reduced to an unedifying game of ghost-hunting,' The Sun writes in an editorial.

The thought of a broken PM having to appear at PMQs tomorrow is almost tragic. “If it is, they must come to a solution – and fast – that can command the support of MPs and the millions of Tory voters looking on in horror.” “It’s time for the wise men and women of the Conservative Party to decide whether the loss of confidence in Miss Truss is terminal,” it writes. Yet allies insist she wants to fight on — and Tory MPs have no clear plan to replace her. Inside, the newspaper’s editorial goes further, urging “wise Tories” to decide swiftly the fate of the prime minister if she is in fact a “lame duck”. The Daily Mail’s political editor, Jason Groves, writes Ms Truss is “in office, but not in power” across the paper’s front, a reference to the appearance of government control moving into the new chancellor’s hands.

Voters in Conservative Harlow respond to the reversal of the Truss budget and her future as PM.

"I don't think she's the right candidate. "Well I think it's completely unstable at the moment," he says. "I think we're in a terrible state at the moment," he said. "I don't know what to make of it really." "It's not only the government is it? I think it's time for somebody else to come in power," he says.

Jeremy Hunt, resurrected from several political deaths, is apparently the safest pair of hands in the Tory party, says Guardian columnist Marina Hyde.

[Jeremy Hunt](https://www.theguardian.com/politics/2022/oct/17/jeremy-hunt-latest-tory-u-turn-liz-truss) as “a safe pair of hands”, even though he was health secretary at the time of a preparedness simulation into what would happen if the UK was hit by a pandemic, and failed to draw many of the necessary lessons. This morning we learned from armed forces minister [James Heappey](https://www.theguardian.com/politics/live/2022/oct/18/liz-truss-mini-budget-cabinet-backfire-conservatives-jeremy-hunt-uk-politics-latest?page=with:block-634e4c878f08a7953bbfeac6#block-634e4c878f08a7953bbfeac6) that none of them even realised Truss’s mini-budget had the potential to backfire. Though it goes without saying, of course, that no one would wish to call the matter too early. The tiny electorate who installed Truss as Tory leader did not represent the will of the people, and getting rid of her will place the next leader a full two removes from the electoral mandate won in 2019. Odd that MPs who talked of nothing but “the will of the people” for years are deafeningly quiet on the subject now. [Jeremy Hunt](https://www.theguardian.com/politics/2022/oct/17/new-chancellor-shreds-pms-economic-plans-in-unprecedented-u-turn) try to persuade the markets to get back together with the UK, their maddest ex. Eventually the sole remaining business in our economy will be the hipster trade in ironic [In Liz We Truss mugs](https://www.mirror.co.uk/news/politics/7-most-tory-things-weve-28140318). Of course, the key difference is that the long-term governing party is not on to a winner with this. As predicted at the time, the death of shame in public life that Boris Johnson was allowed to preside over has made it that much easier for those who come after him to act shamelessly themselves. [Britannia has been rechained](https://www.theguardian.com/politics/2022/oct/01/make-sure-failure-is-survivable-pms-book-reveals-pointer-to-trussonomics). [UK economy contracted](https://www.ft.com/content/f1f0a66a-fa2c-4d70-9874-8003bdb3fb53) from being 90 % the size of Germany’s to now being just 70%. The lesson of the past few years in British politics is that new lows can always be found.

Prime Minister Liz Truss apologised for threatening Britain's economic stability after she was forced to scrap her vast tax-cutting plans and embark on a ...

Truss spoke to her Brexit-supporting lawmakers on Tuesday, promising to resolve the contentious rules that govern trade with Northern Ireland and said she was still a low-tax conservative who would pursue such goals more slowly. Truss said she was "sticking around" and that she would lead the Conservatives into the next election due in about two years time, although the statement was accompanied by a laugh. Truss's spokesperson said the government could not yet make commitments in individual policy areas, despite previous pledges, but it was focused on protecting the most vulnerable. Markets, which plunged after Truss's Sept. After weeks of blaming "global headwinds" for investors dumping the pound and government bonds, Truss on Monday said she was sorry for going "too far and too fast" with her radical economic plan to snap Britain out of years of tepid growth. LONDON, Oct 18 (Reuters) - British Prime Minister Liz Truss warned of tough times ahead after she scrapped her vast tax-cutting plan and said she would carry on to try to put the economy on a stronger footing, defying calls for her resignation.

Liz Truss has slumped to the lowest-ever popularity rating of any British political leader following a catastrophic start to her premiership.

The Tories are predicted to get only 48 seats, down from 365 in the 2019 election. Truss is polling 17 points lower than Boris Johnson’s worst-ever score of minus 53 percent, shortly before he was forced to quit in July. Truss’ favorability among her own Conservative voters is only slightly higher than among the public as a whole, with 71 percent having an unfavorable view of her as a party leader and 20 percent seeing her favorably.

Liz Truss's battle to cling onto power after the new British chancellor Jeremy Hunt tore up her economic strategy became even harder as the Tory membership ...

to help people with their energy bills, to deal with the issue of high taxes, but we went too far and too fast. “I wanted to act… “It’d be completely disingenuous to claim that, on that morning, when the Cabinet was presented with the mini-budget, that there was anybody sat around the table who said that it was a bad idea,” he said. Mr Heappey suggested the alternative to “rowing in behind the Prime Minister and making a success of her Government is to throw ourselves into another period of great rancour” because the idea of a unity candidate is “for the birds”. He said Ms Truss had “fronted up to her mistake very quickly” but “there are people in the parliamentary party who don’t want that to be the end of it”. And 39 per cent of those who voted for Ms Truss in the Tory leadership race said she should quit, compared to 57 per cent who said she should not.

Even with no formal mechanism to force out Truss there are situations that could prove fatal for her premiership.

So a poor performance in the spring could spell trouble for Truss. There is only one byelection coming up, in the safe Labour seat of West Lancashire. With that in mind, some are weighing up triggering a byelection, which could potentially cause Truss some major headaches. Equally, if forecasts by the Office for Budget Responsibility paint an incredibly bleak picture of the winter ahead and pin responsibility for the depth of a possible recession on the ill-fated mini-budget, MPs may decide to move against Truss. [has already made clear ](https://www.theguardian.com/politics/2022/oct/17/new-chancellor-shreds-pms-economic-plans-in-unprecedented-u-turn)swingeing spending cuts are likely and has [hinted at possible tax rises](https://www.theguardian.com/politics/2022/oct/17/jeremy-hunt-hints-at-tax-rises-as-he-reverses-mini-budget-in-commons) to fill around half of the estimated £70bn fiscal black hole. With vacant roles on the 1922 Committee of backbench Tory MPs filled, the “men in grey suits” may bow to pressure to change internal party rules and allow a no-confidence ballot as the number of letters calling for a vote pile up – well exceeding the 15% threshold that would normally trigger one.

Sky News looks at the runners and riders - and who is favourite for the job - after former chancellor George Osborne predicted Liz Truss will most likely be ...

[Click to subscribe to the Sophy Ridge on Sunday podcast](https://podfollow.com/sophyridge) [Cincinnatus](https://news.sky.com/story/boris-johnsons-reference-to-roman-dictator-cincinnatus-hints-at-his-return-12691090), who battled against invasion before returning to his farm. Boris Johnson." I love the job I do and we have more to do. Following the fallout from the mini-budget, supporters of Mr Sunak believe he has been vindicated. [ partygate](https://news.sky.com/topic/partygate-10106) and [Chris Pincher](https://news.sky.com/story/boris-johnson-apologises-for-appointing-chris-pincher-as-deputy-chief-whip-and-said-it-was-the-wrong-thing-to-do-12646408) scandals. [likely quit](https://news.sky.com/story/defence-secretary-ben-wallace-could-resign-if-jeremy-hunt-scraps-defence-spending-boost-12720949) if the government ditches a key pledge to boost defence spending. Asked if he wanted the keys to Number 10, he said: "I want to be the secretary of state for defence until I finish. [Jeremy Hunt - who is the UK's new chancellor?](https://news.sky.com/story/jeremy-hunt-who-is-the-uks-new-chancellor-12720318) [How could Liz Truss be removed?](https://news.sky.com/story/liz-truss-faces-calls-to-go-from-tory-mp-who-says-the-game-is-up-as-pressure-mounts-on-pm-12722139) [who was runner-up to Ms Truss](https://news.sky.com/story/liz-truss-will-become-uks-next-prime-minister-after-beating-rishi-sunak-in-race-to-succeed-boris-johnson-12686742) in the Tory leadership race, is favourite with the bookmakers to replace her if she is ousted. [leaked to Sky News](https://news.sky.com/story/step-forward-rishi-and-penny-tory-whatsapp-messages-reveal-divided-party-12720426), Tory MP Crispin Blunt called for Mr Sunak and Ms Mordaunt to take over. [sacked Kwasi Kwarteng](https://news.sky.com/story/jeremy-hunt-made-chancellor-after-liz-truss-sacks-kwasi-kwarteng-12720267), is now widely seen as [the most powerful figure in government ](https://news.sky.com/story/jeremy-hunt-is-now-an-all-powerful-back-seat-driver-mps-believe-12722462)as he attempts to reshape the PM's own economic plans to reassure the markets.

As the PM fights to remain in power, deputy Labour leader Angela Rayner demands she come clean over her interests.

“If the public are to have faith that those in high office are being open about any potential conflicts of interest and will not seek to use their position of power for personal benefit, it is essential that these declarations are full and accurate,” Rose Whiffen, research officer at Transparency International UK, told openDemocracy. But a month after O’Leary moved into Number 10, all the public know is that he is an “accountant”. He worked at the company between 2015 and 2017, and has previously worked as financial controller at shopping giant Westfield UK. “The prime minister has serious questions to answer about these troubling inconsistencies in her own transparency returns,” Rayner told openDemocracy. “The prime minister should hold themselves to the highest standards of transparency. “Whether Liz Truss has provided inaccurate information on her husband’s employment on purpose or by accident, this certainly demonstrates a lack of attention on her part,” SNP MP for Glasgow Central, Alison Thewliss, told openDemocracy. That is now the rule of how the UK government is run, and not the exception to it.” In 2017, however, Arrakis Commercial also had only one employee, Jonathan Raymond. Truss first disclosed her husband’s work in 2017, while she was chief secretary to the Treasury. Little is known about Arrakis Investments, which has no website and shares its name with the fictional desert planet featured in the sci-fi novel Dune. It is unclear where O’Leary has been employed since 2017. [the resignation of Lord Geidt](https://www.gov.uk/government/news/statement-from-lord-geidt-15-june-2022), there has not been an update to the [List of Ministers’ Interests](https://www.gov.uk/government/publications/list-of-ministers-interests/list-of-ministers-interests-may-2022-html#foreign-commonwealth-and-development-office) since May.

Liz Truss sat in silence following her late arrival into the House of Commons chamber as Penny Mordaunt answered an urgent question on her behalf.

Just six weeks into U.K. Prime Minister Liz Truss' tenure and the political future of yet another Conservative leader looks to be in jeopardy.

"The consensus at Westminster is now that that the Prime Minister is so weak that she can do nothing without the assent of her Chancellor. [appeared to soothe investor concerns at the start of the week](https://www.cnbc.com/2022/10/17/british-pound-rises-as-new-finance-minister-brings-forward-policy-statement-to-today.html). Sacking her close ally Kwasi Kwarteng from the job has not stabilised her position in the way she had hoped," the Eurasia Group analysts said. But the odds may increase if things go from bad to worse." "The scrapping of large parts of her policy manifesto suggests she is in power in name only," Pickering said, noting it would not be a surprise if U.K. The headwinds are numerous facing the U.K. The "trickle-down economics" theory is that tax breaks and benefits for the wealthy will eventually trickle down to everyone else. "We have been here before with previous PMs. "We've got a big squeeze in real incomes and higher interest rates. The approach has been sharply criticized by U.K. [ripped up almost all the tax cuts Truss had promised](https://www.cnbc.com/2022/10/17/uks-new-finance-minister-sets-out-.html), [cut short her flagship energy policy](https://www.cnbc.com/2022/10/17/uk-pm-truss-faces-serious-pressure-to-resign-after-failed-budget.html) and made clear there would be cuts in public spending to come — something Truss said she was ["absolutely" not planning to do just last week](https://www.cnbc.com/2022/10/12/uk-pm-truss-says-she-will-not-cut-public-spending-to-fund-tax-cuts.html). [who lost to Truss in the recent leadership contest](https://www.cnbc.com/2022/09/05/liz-truss-to-become-britains-next-prime-minister-replacing-boris-johnson.html), or Hunt, "whose star seems to be rising as per his recent performance," Pickering said.

The UK prime minister has picked the wrong time and place to discover that leadership may not be quite her thing.

[Kwasi Kwarteng](https://en.wikipedia.org/wiki/Kwasi_Kwarteng) refused to enlist the support of the [Office for Budget Responsibility](https://www.gov.uk/government/organisations/office-for-budget-responsibility#:~:text=The%20Office%20for%20Budget%20Responsibility,body%2C%20sponsored%20by%20HM%20Treasury.) – a body introduced by her own [Conservative party](https://www.conservatives.com/) – to provide greater reassurance to the markets. There was a sense, during her limp and inadequate press conference that followed the firing, that perhaps Truss herself was beginning to recognise that she was falling badly short of what is needed in her role. [Margaret Thatcher](https://www.rte.ie/brainstorm/2021/0324/1205865-pat-finucane-margaret-thatcher-loyalist-paramilitaries-british-state-collusion-northern-ireland/)'s time in office, believing in the surface story of her resolute approach and failing to recognise the more subtle truth about how adaptable and flexible she could be. She rejected advice, dismissing the top civil servant at the Treasury, [Tom Scholar](https://www.theguardian.com/uk-news/2022/sep/08/tom-scholar-permanent-secretary-to-the-treasury-sacked-by-liz-truss), who had plenty of experience and wise counsel to offer. It is about making a contribution, and leaving your organisation better placed to face the future. But it is not the act of a leader who should expect to be trusted or respected. It will be for psychologists or close friends, rather than students of leadership like myself, to explain why Truss has had so much difficulty grasping the reality of the situation which confronted her. This article was originally published by [The Conversation](https://theconversation.com). Please review their details and accept them to load the content. The so-called ["tournament theory"](https://journals.sagepub.com/doi/abs/10.1177/0149206313498902) of organisational life explains this process quite well. [Liz Truss](https://en.wikipedia.org/wiki/Liz_Truss), who is still, at the time of writing, Britain's prime minister. If you don't like the idea of being held accountable and having to answer for your actions then a leadership role is probably not for you.

After a bruising first six weeks in office, the prime minister replaced her finance chief with former leadership rival Jeremy Hunt. But she still faces a ...

British front pages in recent days have [appeared united in the narrative](https://apnews.com/article/business-london-economy-financial-markets-19889f3946b6ea34ba41b6352a7f8e31) that she cannot remain in the role for long. It was designed to protect British households from the high costs of gas and electricity required to heat and power their homes, and Truss as recently as last week taunted her political opponents for suggesting that two years was too long of a guarantee. Chancellor Hunt will unveil a long-term tax and spending plan at the end of this month. [poll numbers have fallen](https://www.politico.eu/europe-poll-of-polls/united-kingdom/) through the floor, with around two years before the next election. Perhaps the most politically painful change of direction concerns an energy price cap that Truss promised last month to keep in place for the next two years. [fired her first finance minister](https://www.npr.org/2022/10/14/1129013714/liz-truss-fires-treasury-chief), Kwasi Kwarteng, last Friday. Hunt said this was inadvisable, and reduced the plan's lifespan to just six months. 6 at the end of a long leadership campaign to replace Boris Johnson, who had Since then, she has had to watch his replacement, Jeremy Hunt — a [former leadership rival](https://urldefense.com/v3/__https:/www.theguardian.com/politics/2022/oct/14/jeremy-hunt-chancellor-surprising-return__;!!Iwwt!QAGZH3549TQv2ivypDWTr_DqYz26FTbD1Ud2UZy3jeMaymai4SwF5YYzUPnMbmh8LGdfQCvmeOzWtWP6$) she appointed to the second most powerful post in government — publicly tear down a series of proposals that she had insisted were critical to Britain's long-term economic growth prospects. They included cuts to the United Kingdom's basic rate of tax, after she had already reversed course on tax cuts for Britain's wealthiest. Late Monday, Truss [insisted in a BBC interview](https://urldefense.com/v3/__https:/www.bbc.com/news/uk-politics-63293891__;!!Iwwt!QAGZH3549TQv2ivypDWTr_DqYz26FTbD1Ud2UZy3jeMaymai4SwF5YYzUPnMbmh8LGdfQCvmeFaIPjGI$) that she will lead her party into that election. The U.K.'s Liz Truss hangs on by a thread, as party members call for her ouster

Britain's Foreign Secretary James Cleverly, center, leaves after a cabinet meeting at 10 Downing Street in London, Tuesday, Oct. 18, 2022.

“British politics and economics is convulsed from time to time, as many countries are,” said Tony Travers, visiting professor in the Department of Government at the London School of Economics. The Conservative-backing tabloid The Sun called her “a ghost PM” and said “for the sake of the country, we cannot go on like this.” The left-leaning Guardian compared the Conservatives to a mutinous ship’s crew, saying “Truss has not left her party. The chaos is unprecedented even for a country that has experienced plenty of political turbulence. But lawmaker Charles Walker said that if Truss led the party into the next election, “I think we’ll be out (of power) for 15 years." The Bank of England was forced to intervene to protect pension funds, which were squeezed by volatility in the bond market. After The Economist said Truss’ time in control of the government — before the Sept.

Senior Tory ministers, Labour party and the public all expected to resist cuts, especially to frontline services.

The Trades Union Congress general secretary, Frances O’Grady, said of the prospect that the government could ask departments to find more savings: “They just can’t. Hunt told ministers they would be asked to find ways to save money, with the focus on areas that would not affect public services. In the next spending round, from 2024-25, spending is expected to fall dramatically. “It’s fair to say that things are looking tougher than they were,” one said. A significant majority would also support a coronation of a new prime minister by Tory MPs. Health, education and welfare are among those areas expected to be hit.

The prime minister's spokesman says she is "not making any commitments" on government spending.

Allies of Defence Secretary Ben Wallace say he considers maintaining the 2030 defence spending target a red line. The spokesman said moving away from the previous triple lock commitment was a "mutual decision" by the PM and the chancellor, and it was their "agreed position" to prioritise economic stability. No 10 said the chancellor had asked them to "focus" on areas that would not affect the service the public receives. On Monday, Mr Hunt told MPs "decisions of eye-watering difficulty" on tax and spending would have to be taken, as the government tries to restore economic stability. The PM's spokesman said she was aware of "how many vulnerable pensioners there are," and protecting the vulnerable was a "priority". However, the PM's spokesman said she was still committed to her pledge of raising defence spending to 3% of national income by 2030.

Unrest caused by plummeting poll ratings and threat to public spending.

“Sometimes it is argued that it is better to just let the fire eventually burn itself out,” he wrote. The former cabinet minister, who backed Mr Sunak in the summer and was an early opponent of the disastrous “mini” budget, said her economic plan had now been “shredded”. Some ministers said they felt no need to resign their position, as they could submit no-confidence letters.

Spokesperson says it is 'right to consider all options' as PM is pushed to reaffirm defence spending plan.

“The shape of that increase will be set out at future spending reviews in the normal way.” In response to questions, Truss’s spokesperson said: “On health, I can only point you to what the chancellor has said on this on a number of occasions. The triple lock was suspended for 2022-23 because Covid led to an unusual 8% rise in earnings, as wages soared back up after the end of lockdown.

The PM tells backbenchers she had to change course, as she tries to shore up support in the party.

Ms Truss also told the ERG group she stood by her commitment to increase defence spending to 3% by 2030. After the ERG meeting, the prime minister's deputy press secretary told reporters she had expressed her "disappointment" at "not being able to follow through on the tax cuts". "She said she found it painful and that she did it because she had to," the press secretary added. In an attempt to rally support among her MPs, she hosted backbenchers at Downing Street on Tuesday evening and separately met the European Research Group (ERG) of Brexiteer MPs, an influential group on the right of the party. Liz Truss has told right-wing Tory MPs her tax U-turns were "painful," as she continues to try and shore up her support within the party. Her performance will be closely watched, particularly after she faced accusations of avoiding MPs on Monday after rejecting a request to explain her U-turns in the Commons.

One of the things that will be watched today is the reception she gets from Tory backbenchers in her head-to-head with Labour leader Keir Starmer. Conservatives ...

However, he will have to be careful because as much as this is a test for Truss so too is it for the Labour leader. For the Tories, if most MPs want a leader gone, they will have to go. In practical terms, Truss does not have the authority to fire him. Most of all, Truss will have the help of calmer markets at her back. The Labour leader will no doubt ask the Prime Minister to explain that. Conservatives will not need much encouragement to cheer her as she inevitably tries to focus on supposed defects in Labour policy.