Kwasi Kwarteng said he would last “weeks” as prime minister after sacking Liz Truss on Friday. It came as the Prime Minister made a sensational U-turn on then President Kwarteng’s much-maligned mini-budget. It is unclear whether such drastic measures will be sufficient Liz dress In Downing Street, markets are jittery and Tory MPs are actively plotting to replace him. Mr QuartengThe £43 billion tax payment ended wild speculation that Mrs Truss would throw her friend out of office and scrap her commitment to raise corporation tax from 19 per cent to 25 per cent, a centerpiece of her leadership campaign.
In a swipe at the Prime Minister, Mr Kwarteng is said to have told a close aide that Ms Truss will be forced to resign in a “few weeks” from now.
Jeremy Hunt, a two-time Tory leadership contender and former foreign secretary, has been parachuted into a safe pair in 11th place.
Later on Saturday, he will make his first media appearances as he seeks to boost political and economic confidence in the administration.
On Friday Mr Hunt’s allies suggested he would now be “chief executive” in government – replacing Ms Truss as “leader”.
At a brief news conference in Downing Street on Friday, he dismissed calls for his resignation, saying he was “absolutely determined to see through what I promised”.
While Cabinet ministers have remained publicly loyal to the Prime Minister, with several reports of Tory MPs and Conservative bigwigs plotting to force her out of office, it remains to be seen whether Friday’s embarrassing U-turn will be enough to turn things around.
The Times quoted a source close to Mr Quarteng as suggesting that Ms Truss may have been in office for a few more weeks.
The source said: “Kwasi thinks he will be bought for a few more weeks.
“His view is that the wagons are still going to circle.”
Welsh Secretary Sir Robert Buckland, appearing on BBC Radio 4’s Any Questions programme, warned: “Abandoning the gays, throwing another Prime Minister to the wolves, I think we’re going to have more delay, more debate, more instability.”
But even staunch loyalist MP Sir Christopher Chope had some harsh words for his party leader after he defended him on Thursday and ruled out any change.
“I feel let down, very badly let down. And I’ve expressed disbelief at what I’ve heard today because it’s completely at odds with everything the Prime Minister stood for when she was elected,” he told BBC Newsnight.
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