LONDON |Under heavy attacks after having to abandon her economic program, British Prime Minister Liz Truss defended herself in Parliament on Wednesday, saying she was a “fighter, not someone who gives up”.
Rejected by public opinion, challenged within her own majority, the conservative leader is already on probation six weeks after entering Downing Street. Released until then from her silence only to apologize on the BBC after the humiliating renunciation of the promised tax cuts, she faced a major test during the weekly meeting of questions in Parliament.
“I'm prepared to face it, I'm ready to make the tough decisions,” she said.
Very combative, she sought as much to defend her policy in the face of boos and calls for the resignation of the Labor opposition as to convince the Conservative ranks of her ability to remain in Downing Street.
“To what is the use of a prime minister whose promises do not even last a week? “, bluntly struck the leader of the Labor opposition Keir Starmer, listing all the measures that Liz Truss had to abandon under the pressure of the markets and of her own camp.
“How can she be held responsible when she is not in charge? “, again scathing Mr. Starmer.
The crisis dates back to the presentation at the end of September of the “mini-budget” of his then Minister of Finance, Kwasi Kwarteng, who had raised fears of a slippage in the accounts public.
The pound had fallen to an all-time low and long-term government borrowing rates had soared. The Bank of England had to intervene to prevent the situation from degenerating into a financial crisis.
In an attempt to calm the economic and political storm, Liz Truss had to appoint a new finance minister, Jeremy Hunt, responsible for rectifying her economic program and reassuring the markets about the seriousness of the government's budget.
The latter, now widely considered to have gained the upper hand over Truss, reneged on almost all the tax cuts promised by the Prime Minister and warned that savings should be made in public spending, raising fears of a return to the austerity, like after the 2008 financial crisis.
As inflation hit a 40-year high at 10 .1% in September, however, the Prime Minister wanted to silence rumors suggesting that she would not increase retirement pensions as promised in line with inflation.
“This government is giving priority to the most vulnerable while bringing economic stability and leading to long-term growth desired by all,” Jeremy Hunt had already wanted to reassure Wednesday morning, reacting to the new inflation peak.
While the political situation remains chaotic, this economic recovery seemed to reassure the markets and the International Monetary Fund, which welcomed the return to “fiscal discipline” at a time when recession is looming. < /p>
But social movements continue to multiply. And in opinion, according to a YouGov poll, only one in ten Britons have a favorable opinion of Liz Truss, one in five among Conservative Party voters. And 55% of majority party members believe Liz Truss should quit while 38% want her to stay on. in the polls.
Five MPs from her party have already publicly urged Liz Truss to leave. In the absence of an obvious successor, the curators are however reluctant to engage in a new and long designation process and are looking for a consensus to agree on a name, but seem far from succeeding.
“I really don't believe that embarking on a new campaign, getting rid of another Prime Minister, will convince the British people that we are thinking of them rather than us, or convince the markets to remain calm”, Foreign Secretary James Cleverly warned on Sky News on Wednesday.
Katrine Johns has been a reporter on the news desk since 2013. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Gal Post, Katrine Johns worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my firstname.lastname@example.org 1-800-268-7128