Reluctantly, Prime Minister Liz Truss admitted during the past press conference that her budget was insufficient. Forced by the negative reaction from financial markets, he toppled the pillar under his plan. At the same time, Boris Johnson’s successor fired his Treasury Secretary, with whom he drafted a ‘mini-budget’. The crisis is by no means over. Truss staying as Prime Minister hangs in the balance.

Minister Kwasi Kwarteng’s flight from the United States to London was followed online by thousands of Britons. He left a summit with the IMF’s World Bank the day before for emergency consultations with Truss. The man, who wreaked havoc in just five weeks in office, would be fired just hours after landing. In a panic, his boss, ‘good friend’, had to shake his head.

Uncertain behind the podium, Truss was simply asked about why he didn’t value himself. “You two made this budget, didn’t you?” advice of a journalist from the boulevard newspaper Sun. Also a reporter from Telegraphwhich calls itself the House newspaper of the Conservative Party, wants to know how he can justify his decision to stay.

“My job is to make sure we have economic stability,” Truss rattled off one of the answers he had rehearsed. “I want to help us through this storm, as I promised.” At the top of his group, his turnaround didn’t seem enough to restore his confidence. Behind the scenes, lawmakers are drawing up plans to impeach him.

Truss started his office with a considerable disability. Even though Conservative voting members voted for him over Rishi Sunak in the final race for Johnson’s succession, only a third of the group considered him a suitable candidate. The decision to present a controversial and disastrous budget left Truss in quicksand.

_{Read below the tweet}

Using the slogan ‘growth, growth, growth’, he and Kwarteng announced tax cuts, without divulging details of the justification. Financial markets don’t care about his plans to revive the UK economy. The pound fell to an all-time low against the dollar, mortgage rates rose dramatically and pension funds threatened to collapse.

His proposals to subsidize energy bills disappear under the noise of tax cuts being issued to Britain’s richest man. Banker bonuses will no longer be capped, while the top tax bracket is down. The gaping hole in the treasury must be borrowed through government bonds and then, in the form of savings, recovered from the minima.

As a ‘reverse robin Hood’, someone who steals from the poor and distributes money to the rich, Truss takes on the image of an economic hooligan. The opposition Labor Party has a big lead in opinion polls. Horrified by internal discontent, Truss carefully retraces his steps during the party congress. The highest tax bracket remains, after which he withdrew today’s corporate tax cuts.

The YouGov poll revealed a painful message for him. More than sixty percent of the 81,326 members who voted for him regret the choice. Half of the British population would rather see him leave today than tomorrow. In the short term, his internal unpopularity created a stumbling block. Opponents consider putting his plan in the House of Commons.

Truss’s credibility couldn’t be any worse. After almost a month, he was forced to drastically cut off his sight; spontaneously of unprecedented proportions. “Prime Minister in name only”, comrades scoffed. By law, Truss cannot be impeached within the first twelve months, but the rules are subject to change. Rishi Sunak, who warns against ‘Trussonomics’, is the preferred candidate.

Other possible successors were mentioned in British media as Conservative politicians Nadhim Zahawi and Sajid Javid.

Watch our news videos in the playlist below: