Is UK Prime Minister Liz Truss in trouble? | Business and Economy

Video Period 25 minutes 40 seconds

From: Inside Story

Liz Truss sacked her Chancellor after just a few weeks in workplace, and reversed main financial insurance policies.

The UK’s new chancellor says he didn’t vote for Prime Minister Liz Truss however helps her financial plans.

Jeremy Hunt was appointed after Truss sacked his predecessor, Kwasi Kwarteng, simply six weeks into the job.

His tax-cutting mini-budget, financed via billions in elevated borrowing, led to outrage and protests. And with rising strain on the prime minister, Truss did one other U-turn on Friday.

She introduced the company tax would rise from 19 % to 25 % subsequent April – slightly than staying on the present stage as promised by Kwarteng in his mini-budget.

So how will Truss face her challenges?

Presenter: Emily Angwin

Company: 

Afzal Khan – Labour member of the UK Parliament and a former Member of the European Parliament

Ann Pettifor – Economist who recurrently advises governments and writer of, The Case for the Inexperienced New Deal

Tobias Ellwood – Conservative member of the UK Parliament and chair of the UK Home of Commons Defence Choose Committee

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