Truss remains in office, for now, largely because her Conservative Party is divided over how to replace her. 9News
Truss remains in office, for now, largely because her Conservative Party is divided over how to replace her.In a bid at business as usual, she held a Cabinet meeting on Tuesday, where, her spokesman said, there was an "in-depth discussion" of the new economic plan, and no one asked her to resign.
Few believe that. Britain's lively, partisan press is unusually united in the opinion that Truss is doomed. The Conservative-backing tabloidThe left-leaning Guardian compared the Conservatives to a mutinous ship's crew, saying "Truss has not left her party. But it appears to have left her".
The Bank of England was forced to intervene to protect pension funds, which were squeezed by volatility in the bond market. The pound fell 0.75 per cent against the US dollar to US$1.1273 in late morning trading in London, after jumping as much as 1.2 per cent on Monday. With opinion polls giving the opposition Labour Party a large and growing lead, many Conservatives now believe their only hope of avoiding electoral oblivion is to replace Truss.Under Conservative Party rules, Truss is safe from a leadership challenge for a year, but those rules can be changed if enough lawmakers want it.
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