Under fire from critics, fierce Liz Truss asserts she won’t give up

Under fire from critics, fierce Liz Truss asserts she won’t give up

Amidst fierce attacks after being forced to abandon her economic plan, British Prime Minister Liz Truss defended herself in Parliament on Wednesday, vowing that she was a “fighter, not someone who gives up”.

Rejected by public opinion, challenged by her own majority, the Conservative leader is on probation just six weeks after moving to Downing Street. Until then, freed from her silence only to apologize to the BBC after the humiliating renunciation of promised tax cuts, she faced a major test during the weekly question and answer session in Parliament.

“I’m ready to face it, I’m ready to make the tough decisions,” she said.

She was very combative, trying to defend her policies in the face of boos and calls for his resignation from the Labor opposition and to convince the Conservative ranks of her ability to remain at Downing Street.

“What good is a prime minister whose promises don’t last even a week?” Labor opposition leader Keir Starmer said bluntly, listing all the measures Liz Truss had to abandon under pressure from the markets and her own camp.

“How can she be held responsible if she’s not in charge?” Mr. Starmer struck again.

The crisis goes back to the presentation of the “mini-budget” by the then Finance Minister Kwasi Kwarteng at the end of September, which had raised fears that the state budget would slip.

The pound had fallen to an all-time low and long-term government bond yields had skyrocketed. The Bank of England had to intervene to prevent the situation from escalating into a financial crisis.

In an attempt to calm the economic and political storm, Liz Truss was forced to appoint a new Treasury Secretary, Jeremy Hunt, who would be responsible for revising her economic program and convincing markets of the seriousness of the government’s budget.

The latter, who is now widely believed to have gotten the better of Truss, walked away from almost all of the tax cuts promised by the PM and warned that public spending should be tightened, raising fears of a return to austerity like after the advent left financial crisis 2008.

– Rising prices –

As inflation hit a 40-year high of 10.1% in September, the Prime Minister wanted to counter rumors that she would not raise pensions to match inflation.

“This government gives priority to the weakest, brings economic stability and leads to the long-term growth that everyone wants,” said Jeremy Hunt on Wednesday morning in response to the new inflation peak.

While the political situation remains chaotic, this economic recovery appeared to reassure markets and the International Monetary Fund, which welcomed the return to “fiscal discipline” at a time when a recession is looming.

But social movements continue to proliferate. And in terms of public opinion, according to a YouGov poll, only one in ten Brits has a positive opinion of Liz Truss, compared to one in five Conservative voters. And 55% of Majority Party members believe Liz Truss should resign, while 38% want her to remain in office.

Two years after the next general election, the Labor opposition is overwhelming the Conservatives in the polls.

Five MPs from her party have already publicly asked Liz Truss to leave. However, in the absence of an apparent successor, the Conservatives are reluctant to embark on a new and lengthy naming process and are seeking consensus to agree on a name, but appear far from succeeding.

“I really don’t think that starting a new campaign, removing another Prime Minister, will convince the British people that we are thinking of them rather than us, or will convince the markets to remain calm,” the Foreign Secretary warned on Wednesday James Cleverly on Sky News.

Reference: www.guadeloupe.franceantilles.fr

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