Corporate Britain turns on Truss as MPs call for her to resign | Rob Harris
Leading British figures have called on Prime Minister Liz Truss to stand down after less than six weeks in the job, as the Conservative government braces itself for a further week of infighting following the chaos caused by now dumped mini-budget measures.
Downing Street was braced for further market turbulence on Monday, after Friday’s sell-off when investors warned that Truss’ attempt to reassure them by scrapping £18 billion in corporate tax cuts was not enough. The bank launched a dramatic £65-billion emergency intervention into bond markets last month as it warned of “material risk” to Britain’s stability and pension markets amid the chaos that has sent government borrowing costs soaring and compounds sky-high inflation.
Guy Hands, founder of private equity firm Terra Firma, told the paper that Truss “should go as soon as possible”.
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