The government will reverse almost all the tax cuts it announced last month, Chancellor Jeremy Hunt has said.
But Mr Hunt said the cuts to stamp duty paid on house purchases and the scrapping of the National Insurance rise would continue.support for household and business energy bills would be reviewedMr Hunt said economic growth required "confidence and stability", adding that the UK "will always pay its way".
One former cabinet minister told the BBC: "She is a goner. [The chancellor's statement] put it beyond any doubt.A Downing Street spokesman said the PM and chancellor were working closely together, and sidestepped questions on whether Ms Truss would be resigning. "But at a time when markets are rightly demanding commitments to sustainable public finances, it is not right to borrow to fund this tax cut," he added.The reversal of off-payroll working reforms introduced in 2018 and 2021Mr Hunt said measures, including the previously announced freeze on corporation tax and keeping the top rate of income tax, would raise around £32bn a year.
He announced a review to design a new approach "that will cost the taxpayer significantly less than planned". She joins Tory MPs Crispin Blunt, Andrew Bridgen and Jamie Wallis in openly calling for the PM to go.Under current Conservative Party rules, Ms Truss is safe from a no confidence vote by Tory MPs to oust her for a year. The rules could be changed, however sources suggested to the BBC that the 1922 committee of backbench MPs, who set the rules, would prefer the prime minister to jump before she is pushed.
"The chancellor said that growth requires 'confidence and stability' yet it's clear that the Tories can't provide this," shadow chancellor Rachel Reeves said.
Danmark Seneste Nyt, Danmark Overskrifter
Similar News:Du kan også læse nyheder, der ligner denne, som vi har indsamlet fra andre nyhedskilder.
Jeremy Hunt is arguably now more powerful than prime minister Liz TrussPolitically, there is an argument to be made that Jeremy Hunt is now more powerful than the prime minister - and can push through unpopular policies.
Læs mere »
Liz Truss has MP's 'full support' as others call for her to step downWatford’s MP is standing by the Prime Minister despite an increasing number of calls for her to step down after she announced another U-turn.
Læs mere »
What Tory voters in (another) Downing Street really think about Liz Truss and her new chancellorSky's Becky Cotterill pays a visit to the picturesque market town of Farnham, Surrey, to find that the political turmoil is very much being felt as she speaks with Tory voters.
Læs mere »