Liz Truss demands tax cuts and claims her economic plan succeeded

Creative Media NewsMonday, 18 September 2023, 20:001

In a speech on Monday, the ex-prime minister, who was only in office for 49 days, will attribute her swift demise to the “political and economic establishment that fed the markets.” Liz Truss will likely urge the government to cut taxes and claim that her economic expansion strategy worked. A year after her disastrous mini-budget,...

Kwasi Kwarteng remarked, “I told Liz Truss she was moving too quickly.”

Creative Media NewsFriday, 11 November 2022, 21:000

Former chancellor Kwasi Kwarteng stated that he cautioned Liz Truss against rushing her disastrous economic plans. In his first interview since being fired by the then-prime minister, Mr. Kwarteng told TalkTV that he had warned her to “slow down” after the mini-budget in September. He stated that he warned her that she would only last...

Liz Truss resignation boosts pound, shares, and borrowing costs.

Creative Media NewsThursday, 20 October 2022, 15:480

In the next few days, the markets are expected to reflect anxieties over whether the incoming tenant of Number 10 will wish to reverse course again following the recent mini-budget U-turns. The market has responded positively to the departure of Liz Truss after only 44 days in office, as a result of the strong opposition...

How long can Liz Truss stay as prime minister?

Creative Media NewsMonday, 17 October 2022, 5:000

Some Conservative party members are on the verge of losing up, and the tone is dismal after weeks of market volatility and political chaos. “It’s over… we can’t win,” volunteered one minister who supported Truss. This individual has dusted off their resume, realizing they will lose their seat in the next general election. In the...

Benefits decision due in November, minister says; Liz Truss ‘genuinely undecided’

Creative Media NewsMonday, 10 October 2022, 8:000

In recent weeks, the Prime Minister has declined to commit to increasing benefits in line with inflation, despite mounting pressure from a cabinet minister and senior Conservative MPs to do so in light of the rising cost of living. According to a minister at the department of labor and pensions, Liz Truss is anticipated to...

Liz Truss reaches out to MPs after the exposure of Tory divisions.

Creative Media NewsMonday, 10 October 2022, 1:000

This week, Liz Truss will host a series of lunches with Tory MPs to ease backbench discontent over her nascent administration. At this week’s party convention, which was marred by internal discord, concerns about the course of the government came to light. Cabinet ministers have urged backbenchers to unify behind the prime leader. To heal...

Liz Truss meets with EU leaders following a turbulent party convention.

Creative Media NewsFriday, 7 October 2022, 5:000

As she landed in the Czech Republic for a series of crucial talks in Prague, Liz Truss stated that Europe must “remain steadfast” towards Ukraine. Liz Truss will meet with EU leaders today, following a turbulent party conference at which her plans sparked division among Conservatives. The prime minister landed in the Czech Republic on...

Despite mounting criticism, Liz Truss refuses to commit to increasing benefits in line with inflation.

Creative Media NewsTuesday, 4 October 2022, 9:000

Boris Johnson had pledged to increase benefits by inflation, but his replacement in 10 Downing Street seemed less committed. Liz Truss is under pressure from Conservative Party convention attendees to alter her course of action. Despite mounting pressure from a cabinet minister and top Conservative lawmakers, Liz Truss has declined to commit to indexing benefit...

Liz Truss states that she has “absolutely no guilt” in implementing tax cuts. U-turn

Creative Media NewsTuesday, 4 October 2022, 3:000

Ms. Truss faces a new struggle with Conservative MPs over a possible benefits squeeze and cuts to public spending, after being forced to reverse course on her tax cuts. Liz Truss states that she had “absolutely no shame” in reversing the government’s decision to eliminate the 45p higher rate of tax. The prime minister explained that...

Liz Truss acknowledges inconvenience following tax cut promises.

Creative Media NewsSaturday, 1 October 2022, 20:000

Prime Minister Liz Truss has acknowledged that the mini-budget has caused “disruption” in the British economy. She wrote in The Sun that she had “acted forcefully” and would maintain an “iron grip” on the country’s finances. Last week, the government presented £45 billion in tax cuts financed by borrowing, but without the customary economic analysis...

Liz Truss defends mini-budget amid market upheaval.

Creative Media NewsThursday, 29 September 2022, 11:000

Liz Truss defends her government’s actions, stating that it took decisive steps to stimulate economic growth and that the Treasury is “working closely” with the Bank of England – as Labour and the Liberal Democrats demand the recall of parliament to address the economic crisis. Liz Truss asserts that her government “did the right thing”...

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