The Truss turmoil: Why Liz Truss is in trouble and will Rishi Sunak succeed her as British PM?

In a span of six weeks, British Prime Minister Liz Truss made the Tory supporters to land in a decision that they have chosen a wrong leader to lead the country, that is battling with unprecedented economic crisis and cost of living. At the outset, the United Kingdom is witnessing the stumbling powerhouse since the Brexit and the later events including Covid have pushed the economy to plummet and despite the change at the top, the crisis is yet to begone.

Liz Truss became the fourth British Prime Minister in six years after she took office last month. She succeeded Boris Johnson and etched the record to be the third woman to serve the apex post. Truss defeated Indian descendant Rishi Sunak, the former finance minister of the UK. Though Sunak had a good backing to replace Boris Johnson, Truss won the race with a tremendous support from the leaders of ruling Conservative party. 

She entered 10 Downing Street carrying a bunch of ordeal - majorly, the economic crisis that was sparked due to flawed government policies, deindustrialization, rising tax burden, energy costs, and cost of living. Promising to bring the country back on the track, Truss encountered setbacks as she counted her prime ministerial days. Her short term in office brought huge economic challenges and what she said would be her plan of fixing the economy had turned against her. 

According to reports, the current turmoil against her regime was sparked by her government's tax-cutting 'mini-budget' which was announced on September 23. Through the budget, she announced that the government would relinquish the planned cut to the corporation tax and her announcement had scrapped an important part of the economic plan. Her budget triggered a downfall for UK pound against the dollar and mortgage and government debt interest rates increased. While Truss backed her announcement, her government caught into trouble after a large league of Conservative leaders are unhappy about Truss they trusted six weeks ago. 

Amid a fresh round of setback for her mini budget that aimed to forgo the plan of a tax cut, Liz Truss has begun the damage control drive for her government and for her economic plans. As part of the drive, she sacked the Chancellor of the Exchequer (finance minister), Kwasi Kwarteng and the move was unanticipated and she admitted it was difficult. After the sacking, Truss appointed senior Tory leader Jeremy Hunt as the new Chancellor, the fourth Chancellor this year. 

Addressing in a news conference on Friday, Liz Truss said, "I have acted decisively today because my priority is ensuring our country's economic stability." "I want to be honest, this is difficult. But we will get through this storm", she added. Though she is performing a damage control for her government amid the trouble of economic crisis, a bet is on across the UK over who will replace her as the Prime Minister after a poll found that the leaders of the ruling party are turning against Truss. 

It has been reported that the Conservative Party is plotting to replace Liz Truss as the Prime Minister and the top contender to succeed her is Rishi Sunak, who served as the Chancellor of the Exchequer in the Johnson administration. A YouGov poll for 'The Times' found that almost half of Tory party supporters believe the party chose the wrong candidate in the leadership race between Truss and Sunak, held recently.

As per the poll, 62 per cent said that party members had made the wrong choice when the race was shortlisted between Liz Truss and Rishi Sunak, compared with 15 per cent who said they had got it right. Moreover, the Conservative MPs are also turning against Truss and reviving their support to Rishi Sunak. The MPs would possible rally behind a joint team of Rishi Sunak and Penny Mordaunt where the former would become the Prime Minister and the latter would become his deputy. The other option would be Mordaunt would become the Prime Minister while Sunak would serve as the Chancellor, again. 

While the Truss supporters underline the technical aspect that Truss cannot face a leadership challenge until 12 months, the critics point out that the powerful 1922 committee of backbench MPs could vote to change their rules. Interestingly, several Conservative MPs believe that Truss could be removed as Prime Minister within days or weeks. The observers say that though Truss is taking efforts to save her government, Britons are beginning to accept the fact that there would be a possible change at 10 Downing Street soon. 

Within six weeks of coming to power, Truss is put into a test to salvage her rule and crucially, she has got some backing from her cabinet colleagues including UK Foreign Secretary James Cleverly, who said that the change of power at this juncture would be a disastrously bad idea. Cleverly said, "I think that changing the leadership would be a disastrously bad idea, not just politically but also economically, and we are absolutely going to stay focused on growing the economy." 

 

 

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