'The prime minister is not under a desk.' Liz Truss avoids debate on Kwasi Kwarteng dismissal.

United States News News

'The prime minister is not under a desk.' Liz Truss avoids debate on Kwasi Kwarteng dismissal.
United States Latest News,United States Headlines
  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

“The prime minister is not under a desk. I can assure the House,” said the leader of the House of Commons, in response to opposition lawmakers taking digs at Prime Minister Liz Truss for not coming to a debate on why she dismissed Kwasi Kwarteng.

“The prime minister is not under a desk. I can assure the House.” That was how Penny Mordaunt, the leader of the House of Commons, answered Labour MP Stella Creasy, one of many opposition lawmakers taking digs at Prime Minister Liz Truss for not appearing at the House of Commons to answer what was called an “urgent question” about why she dismissed Kwasi Kwarteng as chancellor of the exchequer.

Earlier, Mordaunt had said the appointment of Hunt as chancellor was done to restore financial stability in the face of “volatile global conditions.” Financial markets did react well to Hunt’s statement on Monday on reversing tax cuts and making unspecified spending cuts, as the yield on the 30-year gilt TMBMKGB-30Y, 4.370% dropped by nearly 50 basis points and the British pound GBPUSD, -0.10% surged.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MarketWatch /  🏆 3. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Biden calls British Prime Minister Liz Truss' tax cut plan a 'mistake'Biden calls British Prime Minister Liz Truss' tax cut plan a 'mistake'President Biden on Saturday called British Prime Minister Liz Truss' abandoned tax cut plan a 'mistake,' and said he is worried that other nations' fiscal policies may hurt the U.S. amid 'worldwide inflation.'
Read more »

U.K. Prime Minister Liz Truss Battles to Hang On After Budget U-TurnU.K. Prime Minister Liz Truss Battles to Hang On After Budget U-TurnU.K. Prime Minister Liz Truss is battling to save her own job after what many political analysts and members of her own party regard as the worst start to a British premiership in modern times
Read more »

U.K. Prime Minister Truss abandons her agenda to stem market meltdownU.K. Prime Minister Truss abandons her agenda to stem market meltdownU.K. Prime Minister Liz Truss is still officially in charge, but hardly seems to be in control.
Read more »

UK leader Liz Truss goes from triumph to trouble in 6 weeksUK leader Liz Truss goes from triumph to trouble in 6 weeksTruss faces a mutiny inside the governing Conservative Party that leaves her leadership hanging by a thread.
Read more »

GBP/USD: UK PM is sticking to her fiscal plan, not a good signal for sterling – CommerzbankGBP/USD: UK PM is sticking to her fiscal plan, not a good signal for sterling – CommerzbankPrime Minister Premier Liz Truss’ press conference on Friday was quite bizarre. Economists at Commerzbank believe that the newly appointed Prime Minis
Read more »

'The prime minister is not under a desk.' Liz Truss avoids debate on Kwasi Kwarteng dismissal.'The prime minister is not under a desk.' Liz Truss avoids debate on Kwasi Kwarteng dismissal.“The prime minister is not under a desk. I can assure the House,” said the leader of the House of Commons, in response to opposition lawmakers taking digs at Prime Minister Liz Truss for not coming to a debate on why she dismissed Kwasi Kwarteng.
Read more »



Render Time: 2025-02-24 00:52:16