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Downing Street has just confirmed that Jeremy Hunt will be the new Chancellor of the Exchequer.
During the leadership contest over the summer, Hunt put himself forward to be the next Tory leader but after not gaining enough support from fellow MPs he supported Rishi Sunakās bid.
Prime Minister Liz Truss claims it was Kwarteng who chose to resign - describing this as a decision made in the ānational interestā. Earlier, Kwarteng signalled he was sacked, saying he was asked to āstep asideā. The PM wrote:
āI deeply respect the decision you have taken today. You have put the national interest first.ā
She adds: "We share the same vision for our country and the same firm conviction to go for growth.
āI know that you will continue to support the mission that we share to deliver a low tax, high wage, high growth economy.ā
They couldnāt get their act together ā¦ now they canāt get their stories straight ā¦
Prime Minister Liz Truss says she wants to deliver growth.
She says she wants a country where people can get good jobs, arguing the UK has been held back.
āI want to deliver a low tax, high growth economyā, the prime minister adds.
Truss says itās āclearā that parts of her governmentās mini-budget have gone to āfurther and fasterā than expected.
She goes on to say that āwe need to act now to reassure the markets of our fiscal disciplineā.
Therefore, she says the decision has been made to keep the increase in corporation tax.
This will raise Ā£18bn in taxes for the country, she adds.
The prime minister says Hunt āshares my visionā, and hails his experience as a minister.
Hunt will deliver the medium-term fiscal plan at the end of the month, she says.
"Iām absolutely determined to see through what I promised - to deliver a higher growth, more prosperous United Kingdom to see us though the storm we face.
"Weāve already delivered the energy price guarantee, making sure people arenāt facing huge bills this winter.
āIt was right, in the face of issues we had, that I acted decisively to ensure we had economic stability - that is vitally important to people and businesses wright across out country.ā
So far, so yada yada ā¦
Truss is still the bot, still programmed to repeat her empty mantra in pursuit of her deluded āvisionā ā¦
āWhat Iāve done today is make sure we have economic stability,ā she insists.
She must go! one way or another she canāt remain in office the woman is poison. There are really no words to express just
how big a disaster she is and every minute sheās in office
can only make things worse.
Itās a complete mystery why any politician worth his/her salt would look at the way that Truss has treated Kwartang in a futile attempt to apportion blame anywhere other than her doorstep, and thought āI want a piece of the actionā
Given what a mess of temporary PMās (here I mean May and Johnson, neither lasted the course) and car crash policies (everything from austerity onwards) this series of Tory governments has been hopeless. And now it has descended into farce. Worse than that actually.
And people declaim the European model of coalition governments as weak and unstable. The UK government looks banana republic right now. Bring on proportional representation and end this out of date, unrepresentative and failed first past the post system.
The turnover in cabinet ministers and prime ministers must be on a par with football mangers or energy oligarchs in Russia.
Based on the current turnover if you were to join any of the current political partyās as an apprentice post clerk you could be PM by spring next year if you avoid any sexual misconduct which seems to be par for the course.
Thing is Liz Truss campaigned to be PM with a set of views which she firmly seems to hold however instead of being in the shadow cabinet/back benches and able to state things with nothing coming of them she was able to wax literal on what she would do it seems her bluff was called and then made PM and so the house of cards fall. Sadly, we are all taking the consequences.
Take from the poor and give to rich - and then claim that there would be a trickle back to the poor. If I was not being physically sick at the sheer dumb hypocrisy of Truss & her cronies then Iād be laughing at the idiocy of her ideas.
