Great British Cabinet Earthquake! Prime Minister Truss announced on the 14th that he would replace the finance minister boasting, and the former foreign minister Hunter returned to the core of power. Opposition lawmakers sarcastically said that Truss can continue to “abandon the car and protect the coach” to replace cabinet members, but it cannot change the fact that her cabinet is a “sinking ship”.
At a news conference, Truss announced the second hairpin of fiscal policy, which is the increase in corporate tax from 19 percent to 25 percent. The previous hairpin bend was the government’s decision not to abolish the 45 percent top threshold for the income tax rate.
Hunter, a former foreign secretary, ran a run for Conservative Party leadership once morest Johnson, who later became prime minister, in 2019, but lost and stayed away from the decision-making center.
Quarteng served as Minister of Finance for only thirty-eight days. Three weeks ago, the boastful announcement of the budget caused financial market turmoil, forcing the Bank of England to intervene to stabilize. Recently, media reports have speculated that Truss may make a big turn in policy and adjust the budget. The hard-hit sterling exchange rate and government bonds were boosted by the news.
Hunter served as Chancellor of the Exchequer under former Prime Minister Theresa May and Secretary of State for Health and Culture under Prime Minister Cameroon. He was banished to the back row of Congress following losing the leadership race in July 2019.
Hunter was a staunch supporter of Sunak during Truss’ race once morest former treasurer Sunak for leadership of the Conservative Party following Johnson’s resignation.
Truss “disregarded previous suspicions” and made Hunter the “second-in-command” of the cabinet, which is seen as an intention to appease the opposition in the party.
The only good news for Quarton is that he can take a quarter of his annual salary as a severance package. Although he has only been in office for 38 days, he has already crossed the three-week threshold for cabinet ministers to receive severance pay.
more udn reports
Where is Kaile going?Luo Zhixiang’s interview with pro-vomited current situation reveals the current relationship with Zhou Yangqing
The bed was pushed halfway and the elevator suddenly fell!The 17-second fatal video of the patient “head down” was exposed
Surprised to see rice wine in 1988!In those days, every 921 popped up once more, and insiders in the rice wine shortage called family heirlooms.
A face that Koreans will love! “The most beautiful newcomer” hits the face of the Korean drama 3 goddesses