Sunak makes Parliament debut as prime minister and axes more Truss policies
2 years, 2 months ago

Sunak makes Parliament debut as prime minister and axes more Truss policies

LA Times  

British Prime Minister Rishi Sunak speaks during Prime Minister’s Questions in the House of Commons in London on Wednesday. Rishi Sunak faced the opposition in Parliament for the first time as Britain’s prime minister Wednesday, promising to restore economic stability after his predecessor’s tax plans triggered market tumult. Sunak, who took office Tuesday, has appointed a government that mixes allies with experienced ministers from the administrations of his two immediate predecessors, Truss and Boris Johnson as he tries to tackle Britain’s multiple economic problems. A package of unfunded tax cuts Truss unveiled last month spooked financial markets with the prospect of ballooning debt, drove the pound to record lows and forced the Bank of England to intervene — weakening Britain’s fragile economy and obliterating Truss’ authority within the Conservative Party. Cabinet minister Michael Gove, brought back to government by Sunak after being fired by Johnson and sidelined by Truss, said it was time for the Conservatives “to get back to the business of Government in a quiet way.” “After 12 months of turbulence, after a rolling news buffet, an all-you-can eat story extravaganza.

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