The UK is under surveillance after the failure of the tax plan

Liz Truss UK.jpg

The UK is under surveillance after the failure of the tax plan

“Truss fights for her survival,” The Times headlined on Saturday, writing that “even in Downing Street, senior officials believe it is only a matter of time before she is forced to leave.”

The Daily Telegraph reported on its front page that “Truss clings to power.” According to the conservative newspaper, Conservative Party representatives continue to conspire to dismiss the head of the executive branch as soon as possible.

The Daily Mail newspaper asked, “What more can she and all of us bear?” It considered that “the chaos, confusion, and changes in positions reached unprecedented levels on Friday.”

The new finance minister, Jeremy Hunt, on Saturday admitted “mistakes” had been made by both Prime Minister Liz Truss and her predecessor in the ministry, Kwasi Kwarteng, which he denied the day before.

“The prime minister has recognized that and that's why I'm here,” he added on Sky News television in his first public comments since his appointment the previous day.

Increase taxes

Hunt, the former Foreign and Health Secretary who is close to Rishi Sunak – Truss's opponent in the Downing Street campaign – must take charge of the budget announced by his predecessor on September 23 and which was very poorly received by the markets, a large part of which is the Conservative Party and the population.

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Hunt, who appears prepared to abandon many of the Prime Minister's election promises, warned: “What I can do is show that we can fund our projects from tax and spending, and this will require very difficult decisions.”

“Some taxes will not be reduced as quickly as people would like. Some will be increased,” Hunt declared.

He declared that “expenditures will not increase as much as people would like,” and that “some taxes will not be reduced as quickly as people would like.”

The conservative leader, who has been in power for just over a month, finally agreed to increase corporate taxes, a measure the previous government had taken and was determined to repeal.

Two weeks ago, he had to actually abandon a tax cut for wealthier households in the face of discomfort caused by the measure, even among members of his own caucus.

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