UK's Truss fires finance minister as economic plan in tatters

LONDON -

No timing was given for Truss's news conference, but the announcement underscored the sense of peril as some Conservative MPs reportedly mobilised to unseat the new leader just five weeks since she succeeded Boris Johnson. Speculation was rife that Truss would row back on planned changes to corporation tax, having already changed her mind about cutting income tax for the highest earners.

Truss has "total confidence" in her fellow free-marketeer, international trade minister Greg Hands told Sky News on Friday morning.However, a new YouGov poll for The Times newspaper said 43 percent of Conservative voters want a new prime minister in Downing Street. The chancellor of the exchequer's September 23 budget sparked markets chaos because of fears it would drive up state debt.

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