On September 23, the British government announced the largest tax cut in 50 years to boost the economy, which has aroused widespread doubts and criticism from the outside world. According to the British “Guardian”, a number of senior Conservative MPs will meet on the 17th to discuss the whereabouts of Prime Minister Truss, some of whom hope that Truss will resign within a few days.
According to reports, the main supporters of former British Chancellor of the Exchequer Sunak convened a dinner party, and 15 to 20 former British cabinet members and several senior lawmakers were invited to participate. It is reported that the main topic of the dinner is to discuss how and when to remove Prime Minister Truss. Sunak ran against Truss for leadership of the Conservative Party in September. The British “Guardian” quoted a lawmaker who participated in the dinner as saying that, as when forcing former Prime Minister Boris Johnson to step down, the process of consensus among Conservative MPs around “acting on Truss” was difficult, but everything was advance.
Former British Chancellor of the Exchequer Kwarten announced on September 23 the largest tax cut in 50 years to boost the economy. Sterling fell and British government bonds sold off sharply after the new measures were announced. The Bank of England had to rescue the market urgently, stabilizing financial markets through massive bond purchases. Truss has also faced doubts about his ability to govern inside and outside the Conservative Party. In order to save the slump in approval ratings, Truss fired Kwarten on the 14th, urgently appointed Jeremy Hunt as his successor, and decided to revise the mistakes in the previous plan. Hunter publicly stated on the 15th that the previous fiscal policy formulated by the British government was “mistaken” and was too “blindly optimistic”, ignoring the basic demands of ordinary people. He emphasized that in the current complex and challenging international and domestic environment, using borrowing to finance tax cuts “doesn’t work”, and reducing taxes on the wealthy is even more of a mistake.