Monday, February 6th, 2023

UK Tax Cut News: Liz Truss sacks finance minister, now demands British PM’s resignation over tax cuts

London: British Prime Minister Liz Truss has sacked Finance Minister Quasi Quarteng. Quasi Quarteng presented the mini budget last month. The fear of tax cuts in this had created turmoil in the financial market. Since then, Liz Truss was opposed by her own party leaders and cabinet ministers. In such a situation, Liz Truss was left with no option but to sack the Finance Minister. Conservative leaders opposing the truss believe that his policies are in favor of the rich in the midst of a livelihood crisis and due to this, the opposition Labor Party is getting an edge in opinion. Kwasi Quarteng submitted his resignation to Prime Minister Liz Truss on Friday at 10 Downing Street.

Call for Liz Truss’s resignation
There is now a demand for the resignation of Liz Truss in the Conservative Party. A group of senior leaders has decided to call on Liz Truss to resign following the resignation of the Finance Minister. Senior party leaders have decided to take the resignation of the PM after discussion. British Foreign Minister James Cleverly has warned that it would be a disastrously bad idea to consider replacing Truss as Tory leader, just a month after he was elected in a leadership battle with former finance minister Rishi Sunak on September 6.

Liz Truss wins election on tax cuts, so blaming others is wrong
Senior Tory lawmakers, including former cabinet ministers, believe the prime minister’s position is unstable as Quarteng was carrying out his policies. He said Liz Truss campaigned on these tax cuts. Liz Truss won the Tory leadership position on the basis of this program. So it is absurd for him to blame Kwasi. Tory leaders warned that Truss was at fault if he thought the Quarteng had no political base within the parliamentary party.

Jeremy Hunt to be the new Finance Minister
British Prime Minister Liz Truss may appoint Jeremy Hunt as the new finance minister. Hunt supported Rishi Sunak during the prime ministerial election. Her appointment would enable Liz Truss to say that she is reaching out to those parts of the party that did not support her to become PM. Jeremy Hunt was the runner-up in the election held during the appointment of Boris Johnson as Prime Minister. However, he was already out of the competition in the current election.

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