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Spox Says Truss Not Resigning As Fourth Conservative MP Calls For PM To Go

UK

Comments from UK PM Liz Truss' spokesman Max Blain hitting wires. Says that PM Truss is not resigning and that there are 'no plans' to change the windfall tax on energy. Comes as four Conservative MPs have now openly called for Truss to go:

  • Spox: We believe economic stability is important, that's why we've made changes...the PM and chancellor still believe in the need to focus on economic growth...it is right to acknowledge the circumstances and to change course, no single factor prompted it.
  • Spox: There will be further measures on Oct 31, confident that supply side measures will have an impact.
  • Spokesman dismisses idea that chancellor is now in control of gov't rather than PM.
  • Spox: 'Gov't conscious of the impact on borrowing costs and servicing our debt in making changes.'
  • On energy price guarantee: Further details on measures post-April will be set out in advance
  • Asked if PM has a credibility problem: 'PM is listening and making the difficult decisions to provide stability.'
  • Spox: 'PM and chancellor committed to increasing defence spending but will set out details later'
Truss tweets: "The British people rightly want stability, which is why we are addressing the serious challenges we face in worsening economic conditions. We have taken action to chart a new course for growth that supports and delivers for people across the United Kingdom."
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Homepagemarkets-real-timePolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange BulletsPolitical Market News

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