Related: Kwasi Kwarteng refuses to comment on possible corporation tax U-turn
Senior Conservatives are reportedly holding talks about the possibility of replacing Liz Truss with a joint ticket of former leadership candidates Rishi Sunak and Penny Mordaunt.
It comes as Ms Truss is set to tear up further elements of Kwasi Kwarteng’s mini-Budget, with a U-turn over corporation tax cuts which were a key pledge of her leadership election campaign.
One Conservative former minister described the move as “desperate” and said it would not be enough to salvage Ms Truss and Mr Kwarteng’s careers.
“A prime minister and chancellor reacting to the markets, the centrepiece of their core narrative for the economy shredded and no credibility left,” the MP told The Independent. “It is impossible for them to come back from this.”
Another MP told The Times that the supporters of Mr Sunak, Ms Mordaunt and Ms Truss need to sit down to work through the candidate. “It’s either Rishi as prime minister with Penny as his deputy and foreign secretary or Penny as prime minister with Rishi as chancellor,” they said.
Senior Tories ‘holding talks over replacing Truss with Sunak and Mordaunt alliance’
Senior Conservatives are holding talks about replacing Liz Truss with a joint ticket of former leadership candidates Rishi Sunak and Penny Mordaunt, according to reports.
Just weeks after Ms Truss became prime minister, MPs are said to be plotting to appoint a unity candidate in an unchalleged “coronation” of a new Tory leader.
It comes as Ms Truss and Kwasi Kwarteng are set to make a U-turn over the corporation tax cuts which were a key pledge of her leadership election campaign.
One Conservative former minister described the move as “desperate” and said it would not be enough to salvage Ms Truss and Mr Kwarteng’s careers.
Read the details in this report from my colleague Maryam Zakir-Hussain:
Senior Tories ‘holding talks over replacing Truss with Sunak and Mordaunt alliance’
Plot comes as MPs say prime minister has ‘no credibility left’
Namita Singh14 October 2022 05:11
Welcome to The Independent’s UK politics blog for Friday, 14 October 2022 where we provide the latest on everything that is buzzing in Westminster.
Namita Singh14 October 2022 04:50