New UK PM Already Facing Calls to Resign
British Conservatives Cave On Pro-Growth Economic Agenda, Prime Minister Might Be Ousted
British Prime Minister Liz Truss may be ousted six weeks into her tenure after she and fellow ministers caved on most portions of an aggressive economic reform package.
UK leader in peril after Treasury chief axes ‘Trussonomics’
The U.K.’s new Treasury chief ripped up the government’s economic plan on Monday, dramatically reversing most of the tax cuts and spending plans that new Prime Minister Liz Truss announced less than a month ago. The move raises more questions about how long the beleaguered British leader can stay in office, though Truss insisted she has no plans to quit.
UK Prime Minister Liz Truss faces serious pressure to resign after failed budget
U.K. Prime Minister Liz Truss is facing calls to resign from within her own Conservative Party just six weeks after entering Downing Street.
Truss and her former Finance Minister Kwasi Kwarteng announced a fiscal package – a so-called mini-budget – on Sept. 23. The measures triggered market turmoil, from a plunging pound to pension panic, and a rare public rebuke by the International Monetary Fund.