News   /   Politics

Tory MPs seek PM Truss’ ouster as her economic policies trigger crisis in UK

British Prime Minister Liz Truss. (File photo by AFP)

Pressure appears to be mounting on Britain's embattled prime minister Liz Truss to leave office after her widely criticized flagship tax policies triggered a financial crisis in the country.

British media reported on Sunday that more than 100 members of parliament (MPs) belonging to the ruling Conservative Party were prepared to submit letters of no confidence in Truss to Graham Brady, the head of the Conservative Party's committee.

The Tory lawmakers will urge Brady, who organizes the leadership contest, to inform Truss that "her time is up", or to change the party rules to allow an immediate vote of confidence in her leadership, the Daily Mail reported, quoting unnamed sources.

Britons in general lost their confidence in the prime minister on September 23, 2022, when her ally Kwasi Kwarteng, who was at the time chancellor of the exchequer, unveiled a right-wing plan of £45 billion in tax cuts financed exclusively by higher debt.

In response, the UK market collapsed and the Conservatives' ratings dropped, leading to heavy criticism of the PM within the ruling Tory party.

Just weeks after Truss succeeded Boris Johnson, UK media were already starting to openly ask how long will the new premier remain in power.

"I think the game is up, and it's now a question as to how the succession is managed," senior Tory MP Crispin Blunt stated on Channel 4

Meantime, Britain's crises have prompted thousands of people across the country to hold rallies in protest against the rising cost of living and soaring inflation.

The country has changed three prime ministers since it voted to leave the European Union in 2016.

Many Britons pin the blame for the ongoing crises on the consecutive Tory governments. The Conservatives have been the ruling party since 2010.

On the other side of the political spectrum, leader of the opposition Labour Party Keir Starmer has promised to revive the UK’s economy, improve public services and take the government out of an “endless cycle of crisis” if he is chosen to lead the country at its next general elections.

Delivering a speech at his party’s annual conference in Liverpool, Starmer attacked the Conservatives' decision to cut taxes for the wealthiest amid a major cost of living crisis, urging voters not to “forget” or “forgive” the moves ahead of an anticipated national vote in 2024.

Starmer insisted Labour was once again “the party of the center ground” and promised to fix the UK’s ailing economy, revitalize the country’s National Health Service (NHS), and confront the climate crisis.

“This is a Labour moment,” Starmer told the filled venue in the northern English city of Liverpool.

“Britain will deal with the cost of living crisis. Britain will get its future back… That’s my commitment to you… the national mission of the next Labour government. And together with the British people, we will do it,” Starmer concluded.


Press TV’s website can also be accessed at the following alternate addresses:

www.presstv.co.uk

SHARE THIS ARTICLE
Press TV News Roku