PM Liz Truss statement this afternoon as speculation grows over Chancellor Kwasi Kwarteng's future
Superlatives get overused in political reporting, but this is genuinely astonishing.What they have attempted in policy terms is at the core of their outlook on politics.Out after less than 40 days.
And a news conference in Downing Street beckons, at a time of financial instability, and the UK does not have a chancellor of the exchequer. The prime minister will not want to face questions until she can answer the one about who runs the Treasury. Some in the party are arguing that the key thing she should be looking for in a new chancellor is instant credibility, to steady the markets.But one is called Rishi Sunak, so we can rule him out of wanting to come back, and the other is Sajid Javid.
But Truss may go for a close ally - what about the Deputy Prime Minister Therese Coffey, or Levelling Up Secretary Simon Clarke?“If as prime minister you remove a lightning rod, don’t be surprised if rather more flashes of it end up striking you instead.”
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