Business Maverick: Truss prepares battle with cabinet and MPs to quash Tory rebellion

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British Prime Minister Liz Truss is preparing for battle with her Conservative Party as she gears up for crunch meetings with backbench MPs and her cabinet in a bid to quash any attempt at rebellion just one month into her UK premiership.

A poorly-received package of tax cuts and a fractious annual conference sent markets reeling and the prime minister’s ratings plummeting – with warnings from senior Tories that the party could face oblivion in the event of an election.

MPs will descend on Westminster for the first time since her Chancellor of the Exchequer Kwasi Kwarteng unveiled the biggest set of unfunded tax cuts in half a century. Despite scrapping one part of the package – to cut the top rate of income tax – dissent appears to have swelled over how Truss plans to pay for it, her brusque management style and divisive policies like immigration and planning reform.

In the first sign of outreach, Truss appointed Greg Hands – a prominent supporter of Rishi Sunak’s failed leadership campaign – as a minister in the Department for International Trade late on Sunday. He replaces Conor Burns, who was fired following a complaint of “serious misconduct” last week.

 

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