The U.K. prime minister fired her finance chief, a sign she may change course on taxes

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Britain's Prime Minister Liz Truss has fired her finance minister and canceled a planned tax cut for the country's highest earners — efforts designed to calm financial markets and her own conservative party.

Truss has sought to reverse course to some extent by canceling a planned tax cut for Britain's highest earners but has faced sustained pressure to cancel more of her planned measures, amid criticism from legislators from her own party, political opponents, international economists and investors who have continued to divest themselves of British assets.

In a sign of the widespread concern inside her government about the need to rethink the economic strategy of major tax cuts — one of the major elements of her leadership campaign this summer — Kwarteng departed early from Washington, D.C., Thursday evening, where he had been meeting with international counterparts as part of a meeting of the International Monetary Fund.

Prior to her public speech, Truss' office and her supporters had repeatedly said she will not change her broader approach to kick-starting economic growth, and that she and Kwarteng have continued to work together towards a common goal.

 

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She tried it VoteBlue2022

So he lasted 3.36 Scaramuccis. Not bad. Who will be sacked next when Truss needs a scapegoat?

Because Brexit

This is deceptive journalism. The tax cuts were a promise to the common people who voted for her. Now, when in Office, she has changed course midstream

Workers at McDonald's last longer.....

Liz Truss making her debut as PM:

So, she realized that her plan was dumb.

When I knew saving me can save good people of the world, I immediately told people. As long as Xi Jinping save me on real revolutionary way, he will not lose power. Westerners are also watching “others be kill”, can’t saving easily, so they will end up the same as Xi Jinping!

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