LONDON - Britain's beleaguered finance minister insisted Thursday he was safe in his job but endured a rebuke in Washington from the International Monetary Fund over his misfiring economic policies.
The front pages for the Friday's newspapers offered no relief for Ms Truss with The Times reporting of a"plot" to replace Ms Truss and Mr Kwarteng while the Daily Mail had"PM 'has 17 days to save her job'".multiple media reports suggested the embattled leaders were mulling more U-turns, including on planned changes to corporation tax.
Mr Kwarteng said he would press ahead with a"medium-term fiscal plan" on Oct 31, outlining how the government will balance the books after the debt-fuelled tax cuts, although Ms Truss this week ruled out cuts to government spending. "We discussed the importance of policy coherence and communicating clearly so there can be no - in this jittery environment - there could be no reasons for more jitters," she told reporters.All governments should keep in mind that"fiscal policy should not undermine monetary policy", Ms Georgieva stressed."So don't prolong the pain and make sure that actions are coherent and consistent.
"One idea doing the rounds is that Penny Mordaunt and Rishi Sunak, who, after all, between them got pretty much two-thirds of the votes of MPs , come to some kind of arrangement and essentially take over." On Wednesday, she appeared in Parliament for the first time since the contentious mini-budget and told MPs she was"absolutely" committed to maintain current spending.