Liz Truss is battling for her political survival as leading business figures and Conservative MPs pile pressure on the UK prime minister to resign after a series of damaging U-turns that have shredded her credibility.
Truss’s decision to appoint Jeremy Hunt as chancellor and scrap key parts of her economic platform have failed to reassure markets and the City, critics said. But her allies lashed out at those trying to remove her, warning that “plotters” were forcing the Tories towards a general election.
Downing Street was braced for further market turbulence on Monday, after Friday’s sell-off when investors warned that Truss’s attempt to reassure investors by scrapping an £18bn corporate tax cut was not enough.
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