Liz Truss faces an unruly party, jittery markets and calls for a general election despite her sacking of Kwasi Kwarteng and reversal on corporation tax. Composite: The Guardian/i Weekend, FT Weekend, The Times, Daily Mail, The Daily Telegraph, The Guardian, The Daily Mirror, Daily Express
‘Time’s up’: what the papers say about Liz Truss
and her fight to stay prime minister
Turmoil in Tory party takes centre stage after
unconvincing moves by an unrepentant Truss to fix her policy crisis
Liz Truss
faces an unruly party, jittery markets and calls for a general election despite
her sacking of Kwasi Kwarteng and reversal on corporation tax. Composite: The
Guardian/i Weekend, FT Weekend, The Times, Daily Mail, The Daily Telegraph, The
Guardian, The Daily Mirror, Daily Express
Graham
Russell
@G_J_Russell
Sat 15 Oct
2022 03.59 BST
How long
Liz Truss can last as prime minister dominated the UK front pages on Saturday,
after the sacking of her chancellor and a pledge to “see through” what she had
promised failed to assuage either the markets or her own MPs.
The
Guardian calls it “a day of chaos”, as Kwasi Kwarteng lasts just 38 days in
office and Truss is forced into a “humiliating” U-turn on a planned cut in
corporation tax. It notes Truss’s press conference consisted of “eight minutes,
four questions and no apology”.
The Mirror
has clearly heard enough, saying “Time’s up” in its headline. It reports on
growing calls for a general election, and Keir Starmer’s desire for a change of
government.
The
Telegraph says “Truss clings to power after axing Kwarteng” and reports on “an
extraordinary day of reversals in Westminster that left Tory MPs despairing and
sped up plotting among some rebels trying to remove Ms Truss”. It says Truss
warned during her leadership contest that the looming rise in corporation tax,
which will now happen, would trigger a recession.
The Times
says simply “Truss fights for survival” and reports that Kwarteng believes the
moves by the prime minister have bought her “only a few weeks”.
The Mail
laments the Tory chaos and asks in its headline “how much more can she (and the
rest of us) take?”. It reports that the latest moves by Truss “tore the heart
out of her plans for boosting growth” and that some ministers are discussing
the possibility of installing a new leader by consensus.
The i says:
“Tory MPs tells Truss: ‘It’s over’”, based on the comments of a senior
minister. It says Jeremy Hunt is the fourth chancellor in 101 days, and that
there is talk of him as a replacement PM if Truss goes.
The Express
evokes Thatcher with its headline: “Vultures circling, but Truss is not for
quitting”. It says the prime minister installed centrist Jeremy Hunt at No 11
“in a desperate bid to regain credibility in the financial markets”.
The New
York Times says western countries face a common problem in soaring inflation
and the prospect of slowing growth, but only Truss had managed to unnerve the
markets, anger other leaders and jeopardise her own position. Patricia Cohen
writes that Kwarteng was fired for a package of cuts that was “precisely the
package … that she had asked for”. “In the United States, President Biden,
while waging his own political battles over gas prices and inflation, has not
proposed anything like the kind of policies that Ms Truss’s government
attempted, nor have any other leaders in Europe.”
The
Washington Post says Truss “is still in office, but no longer in power”,
because losing Kwarteng means she has “effectively had to abandon her whole
governing project”. Therese Raphael writes that her only hope lies in showing she
understands her errors and has a plan to fix them. Raphael says Truss’s
weakness means Hunt will be a powerful figure at No 11.
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