The Prime Minister has been forced to sack her Chancellor and U-turn on a key campaign promise but insists she will remain in office
and U-turn on a key pledge from her leadership campaign.
The conference apparently failed to reassure many Tory MPs with several senior figures warning that the Prime MinisterA senior minister told: “It’s over, I imagine.” A former minister added: “Credibility can be retained to some extent under a new leader but not this one.” A backbencher described Ms Truss’s press conference performance in one word: “Hopeless.” Asked if it meant she was going to be ousted, they replied: “I certainly hope so.
The Prime Minister has made it clear privately that she does not believe she has done anything wrong but decided to fire Mr Kwarteng as a signal to markets that she is ready to respond to their conerns. Steve Brine, a close ally of Mr Hunt, suggested he would effectively run the Government, telling the BBC last night: “You should see Liz Truss as chairman and Jeremy as chief executive.”
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