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Chancellor Kwasi Kwarteng has been sacked from his role as Prime Minister Liz Truss’ premiership is under threat from the turmoil of the mini-budget. But do you think Boris Johnson should come back? Vote in our poll.
Mr Kwarteng cancelled meetings in Washington DC on Friday so he could fly back to London. It is reported that he left the International Monetary Fund (IMF) summit early to meet with the Prime Minister over more U-turns on the mini-budget.
Ms Truss made the move to save her Premiership as plots to replace her with Rishi Sunak or Penny Mordaunt continue amid the economic crisis caused by the mini-budget.
The Prime Minister is preparing to hold a televised Downing Street press conference at 1pm on Friday where she is believed to announce another U-turn on reversing Rishi Sunak’s plans to raise Corporation Tax from 19p to 25p in the pound.
On Thursday Mr Kwarteng told The Telegraph that he is fully committed to “moving the UK away from a high tax and exorbitant, very high spend, low growth economy to lower taxes, more incentives and more growth”.
READ MORE: Truss to address nation as she plots tax cut U-turn to save economy
He rejected suggestions he was cut out of discussions to drop more of the mini-budget while in the US, and said: “I mean, if this was 50 years ago, I would get it. But we’ve got Zoom, we’ve got phones. We’ve got WhatsApp. And I’ve been speaking to people all the time, not only in my own Treasury team, but also in Number 10. I speak to the Prime Minister all the time.”
Mr Kwarteng set out the mini-budget in the Commons at the end of September, introducing a £45billion tax-cutting package to support Britons with the cost of living crisis.
The announcements caused the pound to crash to its lowest level against the dollar in 37 years.
The events have raised questions about Ms Truss’ credibility and ability to govern the country.
“We don’t want to see Keir Starmer with Nicola Sturgeon, who now talks about detesting the Conservatives.
“I think that language is really dangerous. I prefer to work with my colleagues in Scotland on delivering the freeports, the green ports as I want to do with John Swinney and others.”
Mr Johnson resigned on July 7 after a series of scandals and resignations within his cabinet made his position untenable.
So what do YOU think? Should Boris Johnson come back? Vote in our poll and join the debate in the comment section below.
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