<p><a href="http://dailywire.com/topic/united-kingdom" target="_blank" rel="noopener">British</a> Prime Minister <a href="http://dailywire.com/topic/liz-truss" target="_blank" rel="noopener">Liz Truss</a> may be ousted six weeks into her tenure after she and fellow ministers caved on most portions of an aggressive <a href="http://dailywire.com/topic/economy" target="_blank" rel="noopener">economic</a> reform package.</p>
<p>Truss, who replaced outgoing head of government and fellow Conservative Party member Boris Johnson last month, unveiled a tax cut and energy production plan in the first days of her premiership. After investors concerned about the government’s ability to meet debt obligations jettisoned their assets, Truss announced that she would eliminate portions of her plan and dismissed finance minister Kwasi Kwarteng.</p>
<p>&#8220;We need to act now to reassure the markets of our fiscal discipline,” she said in a <a href="https://www.reuters.com/world/uk/uk-pm-liz-trusss-news-conference-after-finance-minister-sacked-2022-10-14/" target="_blank" rel="noopener">statement</a>. “I have therefore decided to keep the increase in corporation tax that was planned by the previous government.”</p>
<p>Beyond canceling the higher corporate tax rate, Truss had planned to slash the basic income tax rate to 19% and launch discussions about special economic zones across the country.</p>
<p>Truss had formerly <a href="https://www.cnbc.com/2022/09/29/uk-pm-liz-truss-defends-tax-cuts-vows-to-press-on.html" target="_blank" rel="noopener">doubled down</a> on her growth agenda during a number of local radio interviews that followed the market headwinds. “I understand that families are struggling with their fuel bills, and we had to take urgent action to get our economy growing, get Britain moving, and also deal with inflation,” she explained. “And of course, that means taking controversial and difficult decisions. But I’m prepared to do that as prime minister, because what’s important to me is that we get our economy moving.”</p>
<p>Amid the political turmoil, which comes immediately after the death of Queen Elizabeth II, more than 100 ministers in her own party are preparing to oust Truss, according to a <a href="https://www.dailymail.co.uk/news/article-11321737/Plot-topple-Liz-Truss-MPs-call-Prime-Minister-quit-amid-rumours-WEEK.html" target="_blank" rel="noopener">report</a> from The Daily Mail. “She has lost the confidence of the markets and she is hemorrhaging support. We need to cauterize the wound, and fast,” one unnamed minister told the outlet. “There is an overwhelming desire among colleagues for it to be over — people want it done this week.”</p>
<p>In a portion of her agenda that appears to remain intact, Truss also pushed for <a href="https://www.dailywire.com/news/strengthening-our-energy-resilience-britain-ends-fracking-ban-will-become-net-exporter-by-2040" target="_blank" rel="noopener">higher fossil fuel production</a> and set the goal of becoming a net exporter of energy by 2040. She also announced a new round of oil and gas leases for the North Sea and lifted her nation’s moratorium on shale gas production, including the technique of fracking, by which pressurized liquid is injected into underground rocks to extract fuels.</p>
<p>“We are cutting off the toxic power and pipelines from authoritarian regimes and strengthening our energy resilience,” Truss said during a <a href="https://www.gov.uk/government/speeches/prime-minister-liz-trusss-speech-to-the-un-general-assembly-21-september-2022" target="_blank" rel="noopener">speech</a> to the United Nations General Assembly. “We will ensure we cannot be coerced or harmed by the reckless actions of rogue actors abroad. We will transition to a future based on renewable and nuclear energy while ensuring that the gas used during that transition is from reliable sources including our own North Sea production.”</p>
<p>The policy comes as much of the continent struggles with soaring energy prices amid the Russian invasion of Ukraine. Member states of the European Union are currently weighing <a href="https://www.dailywire.com/news/european-union-questions-russian-oil-price-cap-considers-making-fossil-fuel-companies-pay-a-solidarity-contribution" target="_blank" rel="noopener">various measures</a> to help member states cope with a freeze in Russian energy exports and the destruction of the Nord Stream pipeline system.</p>
<p>At the beginning of this year, Britain had a top personal income tax rate of 45%, which is lower than most European countries, yet higher than the 37% rate in the United States, according to a <a href="https://taxfoundation.org/top-personal-income-tax-rates-europe-2022/#:~:text=Denmark%20(55.9%20percent)%2C%20France,lowest%20personal%20income%20top%20rates." target="_blank" rel="noopener">report</a> from the Tax Foundation. Truss had argued in an <a href="https://www.dailywire.com/news/new-british-prime-minister-to-make-the-economic-pie-much-bigger-instead-of-fighting-over-how-to-slice-it" target="_blank" rel="noopener">opinion piece</a> that politicians should begin focusing “on growing the pie” rather than fighting over “how to slice up” the pie.</p>

<script async src="https://www.instagram.com/embed.js"></script>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<script async src="https://www.tiktok.com/embed.js"></script><div data-widget-host="revcontent" data-pub-id="165152" data-widget-id="290588"></div><script src="https://delivery.revcontent.com/165152/290588/widget.js"></script>

British Conservatives Cave On Pro-Growth Economic Agenda, Prime Minister Might Be Ousted

CONTINUE READING

Bud Light Sales Continue To Plummet, May Soon Lose Status As Number-One Beer

‘Profoundly Christian’: Former Head Of Anglican Church Presses British Government To Endorse Assisted Suicide

Ben Shapiro Reacts To Debt Limit Deal, Hits Both Democrats And Republicans Over Spending Habits

‘The Chosen’ Defends Pride Flag Spotted On Set: ‘Let The Show Speak For Itself’

Chick-Fil-A Faces Backlash As Their Diversity Efforts Resurface, Other Woke Brands Take Beating

North Korea Sentenced Two-Year-Old To Life In Prison After Family Caught With Bible: State Department

News

Economy

Liz Truss

United Kingdom

A video goes viral showing a baby being refused his mother by two gay "dads". This is just the tip of the iceberg, which is why we will have an important discussion today about surrogacy. 

Hour 1

The Matt Walsh Show

Ep. 1765 - This Video Is One Of The Worst Things I've Seen In A Long Time 

The Strait of Hormuz officially opens for business (kind of), the Pope makes “shocking” comments on immigration, and President Trump promises UFO disclosure at TPUSA. 


The Michael Knowles Show

Ep. 1956 -  Pope Leo's "SHOCKING" Immigration Comments EXPLAINED

A false miscreed has corrupted our leadership class.


The Andrew Klavan Show

Ep. 1275 - Dumb, Dumber and Progressive

President Trump announces a 10-day ceasefire between Lebanon and Israel, a murder-suicide involving former Democratic Lieutenant Governor Justin Fairfax shakes Virginia, and France and Britain hold a conference to secure the Strait of Hormuz – after the Iranian conflict ends. Get the facts first with Morning Wire.

- - -

Ep. 2738

- - -

Wake up with new Morning Wire merch: https://bit.ly/4lIubt3

- - -

Today's Sponsors:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text 'WIRE' to 83848 to learn more.

Pocket Hose - Text MORNING to 64000 to get a FREE pocket pivot and their 10-pattern sprayer with the purchase of ANY size Copper Head hose. Message and data rates may apply.

Morning Wire

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26 [Member Exclusive]

A ceasefire goes into effect between Israel and Lebanon, a tragic murder-suicide rocks Virginia, and Dairy Queen deploys AI in the drive-thru. Get the facts first with Evening Wire.
- - -
Ep. 2737
- - -
Wake up with new Morning Wire merch: https://bit.ly/4lIubt3 
- - -
Today’s Sponsor:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text “WIRE” to 83848 to learn more.


Evening Wire: Lebanon Ceasefire Begins & Murder-Suicide Rocks VA | 4.16.26

The Pendragon Cycle

Menu

— News —

British Conservatives Cave On Pro-Growth Economic Agenda, Prime Minister Might Be Ousted