UK finance minister seeks to stem bond rout by rushing forward tax plan
One AmericaJUL 2022
Despite Liz Truss retaining the title of PM, Hunt is now the de facto leader of the country. The coup against Truss - whose blindly ideological policies and poor leadership have blasted the Tories to electoral oblivion - is almost complete. Conservative infighting, and a blatant disregard for the plight of Brits at a time of heightened instability and rising costs, has made Sir Kier Starmer a PM in waiting.
Although her policies weren't popular, Liz Truss didn't deserve to be hung out to dry by the Conservative party establishment. The government lost the confidence of the Bank of England, the IMF, and of the United States. But these are all institutions that helped create the catastrophic economic conditions inherited by Truss in the first place. The Tories must unite behind their democratically elected leader and support her in making the difficult, perhaps unorthodox, decisions the country needs.