The previous chairman of the health committee in the British Parliament had run for election as head of the Conservative Party in the summer but had failed after a few rounds of voting. During the pandemic, the 55-year-old was one of the government’s harshest critics.
Kwarteng had failed after just 38 days in office. Observers see his resignation as an attempt by Truss to save her own political career. After only five weeks in office, the head of government has already been heavily criticized. Your economic policy is already seen as a failure: a huge turnaround was expected on Friday. Truss and Kwarteng had announced far-reaching tax cuts that would be financed solely on credit. This led to severe market turbulence.
Hunt is known for his faux pas. During a visit, he described Slovenia as a former client state of the Soviet Union. In China, he wanted to impress his native wife, but accidentally said she was from Japan.
(SDA)
Source: Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
