Liz Truss UK's Prime Minister for only 44 days!

Tory MPs turn on Liz Truss after turbulent day

Liz Truss is facing a backlash from Conservative MPs after firing her chancellor and announcing a second U-turn on a major economic policy.

One former minister told the BBC, "we cannot go on like this indefinitely".

Another Tory MP said the party was in a "state of despair" after the PM's Downing Street news conference.

Truss supporter Christopher Chope said "time will tell" if she had done enough to secure her position, calling those plotting to remove her "hyenas".

Sir Christopher said: "We can't possibly force another prime minister out of office, we've just got to calm down and try to give the prime minister our support."

In an attempt to end turmoil on the financial markets, Ms Truss sacked her chancellor and close ally, Kwasi Kwarteng, replacing him with former foreign secretary Jeremy Hunt. She then reversed a key policy to scrap a planned rise in corporation tax from 19% to 25%.

It is the second major U-turn on September's mini-budget after Ms Truss cancelled her plan to scrap the top rate of income tax earlier this month.

At a brief news conference in Downing Street on Friday, the PM dismissed calls for her resignation, saying she was determined to see her promises through.

www.bbc.com/news/uk-politics-63263319

Was Liz Truss forced to sack her Chancellor?

British PM Liz Truss has sacked Kwasi Kwarteng. Reports say a revolt within the Conservative party triggered by the controversial mini-budget led to the move.

Jeremy Hunt brought in from the cold to be UK's new finance minister

LONDON, Oct 14 (Reuters) - Jeremy Hunt was named Britain's new finance minister on Friday, the latest senior ministerial role for the self-proclaimed entrepreneur regarded by many in his Conservative Party as a safe pair of hands but whose days in top jobs had seemed over.

After being the longest-serving health secretary in British history and stints running the foreign office and culture ministry, Hunt returns from government exile after two failed bids to become Britain's prime minister himself.

www.reuters.com/world/uk/jeremy-hunt-brought-cold-be-uks-new-finance-minister-2022-10-14

New Chancellor Jeremy Hunt admits mistakes in mini-budget

Sky's Anna Jones speaks to newly appointed chancellor Jeremy Hunt about the current political turmoil following Liz Truss's decision to sack Kwasi Kwarteng.

Jeremy Hunt: We need to make difficult decisions

Difficult decisions will be needed "across the board" on tax and spending, the new chancellor has said.

Jeremy Hunt told the BBC that some taxes will go up, while government spending may need to fall.

He said two mistakes were made in the mini-budget by Kwasi Kwarteng - cutting the top rate of tax and announcing it without an independent forecast.

But he also praised his predecessor for help offered to people struggling with their energy bills.

Mr Hunt said he agreed with the prime minister's goal of "solving the growth paradox", but added: "The way we went about it clearly wasn't right and that's why I'm sitting here now."

Speaking to BBC Radio 4's Today Programme, Mr Hunt said: "Taxes are not going to come down by as much as people hoped, and some taxes will have to go up.

"I'm going to be asking all government departments to find additional efficiency savings."

www.bbc.com/news/uk-63268238

Suella Braverman has resigned as home secretary

Suella Braverman: A quick guide to the ex-home secretary

www.bbc.com/news/uk-62807062

'I've had enough of talentless people' - Charles Walker

The Conservative politician spoke candidly with the BBC about his frustrations with his party.

Walker said that he was "livid" and that there was "no coming back" from this for the government.

www.bbc.com/news/av/uk-politics-63320605

WATCH: A feisty PMQs... in just 50 seconds

Amid speculation about Liz Truss's future, here are some of the highlights as she faced Sir Keir Starmer and other MPs at Prime Minister's Questions.

She gave further apologies for policy U-turns, saying she had acted in the "national interest", but had made mistakes.

www.bbc.com/news/av/uk-politics-63313536

'Gone! Gone! Gone!': Keir Starmer says Liz Truss' mandate ended in disaster

Liz Truss resigns as prime minister after Tory revolt

Liz Truss has dramatically resigned as prime minister after just 45 days in the job.

Tory MPs urged Ms Truss to go after her government was engulfed by political turmoil, following the ditching of most of her economic policies.

Her resignation comes after a key minister quit and Tory MPs rebelled in a chaotic parliamentary vote.

Ms Truss was elected by the Tory membership in September, but she lost authority after a series of U-turns.

www.bbc.com/news/uk-politics-63332037

Liz Truss stands down as UK prime minister

After a turbulent 45 days in office in which she crashed the markets, lost two key ministers and shed the confidence of almost all her own MPs, Truss said a new conservative leadership would be called to decide her replacement.

Truss will be the shortest-serving prime minister in UK history.

British Prime Minister Liz Truss resigns after 44 days in office

Larry, who has held his post as chief mouser at 10 Downing street since 2011, and has outlasted four prime ministers, has become increasingly vocal in sharing his political opinions.

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