👉 Liz Truss’s attempts to restore market confidence in the Government have fallen flat as business leaders have labelled the approach of the Prime Minister “stupid”
Liz Truss’s attempts to restore market confidence in the Government have fallen flat as business leaders have labelled the approach of the Prime Minister,On Friday Ms Truss asked her Chancellor Kwasi Kwarteng to resign following continued pushback over last month’s mini-Budget, which included widespread tax cuts that spooked financial markets.
The blowback led to spikes in the UK gilt market, which caused liquidity problems within the pensions industry.that the Government had failed to identify the priorities of the market with its fiscal announcement and the fallout has“They look stupid from this, not only Truss but the Conservative Party itself,” they said. “Sacking Kwarteng won’t save her, you can tell by the lack of justification for it at the press conference.
“No one was demanding lower corporation tax or a lower level of the highest rate of income tax before the mini-Budget – a huge amount of political capital was spent on something no one really cares about.”
Belgique Dernières Nouvelles, Belgique Actualités
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