Just six weeks after stepping into power as the Prime Minister of the United Kingdom, Liz Truss is now facing calls from her own party members to resign after her devastating economic plan.
The new economic plan, also known as the mini-budget plan, was originally proposed by Truss and her former Finance Minister Kwasi Kwarteng in late September. The plan faced backlash from the market not long after the plan was released and also heavy criticism from the International Monetary Fund and Moody’s afterward.
The Bank of England had to step in to save Britain’s pensions after sterling saw a sharp fall following the mini-budget plan, including £45bn of unfunded tax cuts.
Kwarteng was fired as a result of an unsuccessful plan and replaced by Jeremy Hunt last week, saying that all of the controversial tax measures announced by Kwarteng and Truss would be reversed.
According to reports by the i newspaper, up to 100 members of Truss’ party have submitted letters of no confidence in the prime minister, while several elected members of her own are openly calling for a resignation.
Speaking on Times Radio, Angela Richardson, an MP of Conservative Party for Guildford, said it was “no longer tenable” for Truss to remain in the position.
Meanwhile, Jamie Wallis, Conservative MP for Bridgend, openly asked her to stand down.
Sun newspaper even called Truss “The Ghost PM”.
The Daily Mail, which had supported Truss’ plan, made an underheadline saying that “in office, but not in power”.