United Kingdom Prime Minister Liz Truss's fight for her political stature may end soon, say many. The UK PM may face an ouster by October 24, the Daily Mail has reported.
As per reports, nearly 100 British members of parliament (MPs) of the ruling Conservative Party are slated to submit letters of no confidence in Truss to Graham Brady, who heads the Party's committee that organizes the leadership contest.
On October 2, Truss sealed a major U-turn from her central plank of tax cuts when she withdrew a policy abolishing top rates for the wealthiest. The slash triggered market turmoil which also gave birth to many rebellions within her party.
Truss is reeling under a looming threat of being finished as the UK PM owing to failure in managing soaring inflation in Britain and the currency hitting a record low. In fact, her regime introduced a mini-budget on September 23 with the aim of imposing cuts on household taxes and energy bills.
Following this, traders warned of amplified debts and the said budget did not have the desired effect on the UK economy.
The budget was tabled under Truss-appointed Kwasi Kwarteng as UK Finance Minister, the first black to hold the office. However, on Friday, Truss sacked her minister and appointed Jeremy Hunt as her new Finance Minister, engulfing Britain in a fresh crisis. It may be noted that the UK has recorded the ouster of three of its prime ministers since the country voted to exit the European Union in 2016.
A report in the tabloid suggests that the MPs will urge the committee head to inform Truss that her 'time is up' or she would be directed to change rules to allow an immediate vote of confidence in her leadership. It stated that Brady is resisting Truss's ouster and he has argued that the newly-appointed Hunt and Truss deserve a chance to set out economic strategy in a budget on October 31, the report said.
On the other hand, The Times has reported that a few lawmakers held secret discussions in this regard and have considered replacing Truss with another leader. This would record a change in the UK PM for the fifth time since Brexit.