Among the measures announced by Mr Kwarteng expected to be junked are his promise to bring forward a 1p cut in the basic rate of income tax to April., who some commentators have suggested may not even last the week as the mood among Tories turns toxic and mutinous., amid some suggestions he could replace her.
Other names being mentioned are the defence secretary Ben Wallace, or a joint ticket of former chancellor Mr Sunak and fellow defeated leadership contender Penny Mordaunt, the leader of the House of Commons. But Ms Mordaunt offered the PM her full support, using a piece in the Telegraph to warn that the UK ‘needs stability, not a soap opera’.
Financial markets open at 8am this morning, amid concerns about reactions to another weekend of political drama.
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Chancellor to deliver medium-term fiscal plan today, Treasury saysChancellor Jeremy Hunt will deliver his medium-term fiscal plan later today, the Treasury has said.
Source: SkyNews - 🏆 35. / 67 Read more »
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Source: SkyNews - 🏆 35. / 67 Read more »
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Source: BBCNews - 🏆 3. / 97 Read more »
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Source: MENnewsdesk - 🏆 23. / 69 Read more »
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Source: MetroUK - 🏆 13. / 82 Read more »
Jeremy Hunt Says Liz Truss Is Still 'In Charge' Despite Scrapping Her Mini-BudgetAnd ally of the chancellor has said Hunt should be viewed as the 'chief executive' of the government. He says she’s in charge failed to say in name only, Hunt is the acting PM! mikemcg65624002 A group of self interested undemocratic MPs with zero regard for anyone but themselves have destroyed their own party when they ejected Boris Johnson as PM
Source: HuffPostUK - 🏆 108. / 51 Read more »