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Kwarteng Speech Fails To Quell Internal Dissatisfaction With Truss Govt


A speech from Chancellor of the Exchequer Kwasi Kwarteng defending the "growth plan" of the Truss government at the Conservative Party conference has done little to dispel doubt about the Truss government within the Tory ranks.

  • According to Bloomberg, "two cabinet ministers say the Truss project may be over already."
  • Bbg: "Ministers say Truss failed to bring cabinet along on key policy."
  • Bbg: "Ministers say Truss is likely to face more Tory rebellions."
  • Earlier today former Conservative deputy prime minister Michael Heseltine criticised Truss' cabinet: “It is very important that what the prime minister should do is take the talent off the backbenches, not the cronies off the backbenches.”
  • Heseltine also criticised Kwarteng's "mini-budget": “But what was the plan? They either had a plan – in which case, why don’t they publish it? Or the OBR [Office for Budget Responsibility] had a plan, which we’re told they did, so why didn’t they publish that? Or perhaps there was no plan. And that is serious.”

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