I saw it on Wednesday Liz dress March to deliver his speech to M People’s Moving On Up Conservative Party The conference was held in Birmingham. The new prime minister addressed her “friends” and said Britain was committed to weatherproofing “these stormy days”. The new prime minister faced a metaphorical storm in his first month in office, which saw the pound fall amid an already worrying cost-of-living crisis after President Kwasi Kwarteng’s budget crippled the economy, citing the pandemic and the war in Ukraine. . Did Liz Truss rise in your estimation after her Tory party conference speech? Vote in our poll.
A fortnight earlier on September 23, Kwarteng announced the mini-budget, which according to critics – some of whom were within the Tory party itself – was a disastrous failure.
The £45 billion tax cut package is the biggest seen in half a century as it promises to cut the top 45 per cent rate of income tax, national insurance and stamp duty. This led to what Kwarteng described as “minor turmoil”: government borrowing costs rose, the Bank of England stepped in to bail out pension funds and the pound fell to record lows against the US dollar.
A former government minister told Sky News that some MPs sent letters of no confidence to 1922 committee chairman Sir Graham Brady in the days following the mini-budget.
Truss and Quarteng also later made a U-turn and reversed the plan to repeal the 45 percent income tax rate for high earners.
However, Home Secretary Suella Braverman, who attacked colleagues who opposed the 45 per cent income tax rate, raised the alarm by describing them as a “conspiracy”. Speaking on a Telegraph podcast at the conference, he said: “I am deeply disappointed that members of our own parliamentary party have finally staged a coup and unprofessionally undermined the authority of our prime minister.”
The average two-year mortgage rate was a 14-year high of more than 6 percent, a typical deal reported Wednesday. This has not been seen since the 2008 financial crash.
Some Tory MPs – particularly those in red wall seats – are losing faith in the new prime minister as support for Labor in the polls has soared following the mini-budget, with some reportedly fearing the next general election has already been lost.
In the days following the mini-budget, Ugov announced that Labor had taken a 33-point lead over the Conservatives, the largest lead by a party since the late nineties. On Wednesday, the day of Truss’ speech, Labor had its strongest performance in the polls in two decades, with the Conservatives’ average poll rating falling to 24 percent, according to PA news agency data.
The fallout of the mini-budget and the rumblings of disaffected Tory MPs are the backdrop to Trudeau’s first Conservative Party conference.
At one point, the prime minister appeared to be referring to disaffected voices in his party: “I know how to have your ability diminished by people who think they know better.”
In his 35-minute speech — significantly shorter than the usual speeches given by a president at a conference — Truss was determined, telling the audience he would fight the “anti-growth coalition” and the “enemies of the establishment.”
Not only this, Truss vowed to confront militant unions and environmental campaigners such as Greenpeace, who held up a knife and placard saying “Who Voted for This?”
Before his speech, he told SkyNews he had “absolutely no shame” in the U-turn. Still, he told those at the conference Wednesday that cutting taxes was “the right thing to do both morally and economically.”
Although the government’s 45p tax rate U-turn was described as “disgraceful” by Liberal Democrat leader Sir Ed Davey, Truss vowed on Wednesday to “keep an iron grip on the nation’s finances”.
She concluded: “We cannot give in to those who say Britain cannot grow fast enough. Don’t give in to those who say you can’t do better. We certainly should be.
“We are the only party with a clear plan to move Britain forward. We are the only party committed to delivering. Together we can unleash the full potential of our great nation. That’s how we create new revenue for a new era.
So what do you think? Vote in our poll and Join the discussion in the comments section below.
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