Friday, October 14, 2022

Liz Truss Sacks Kwasi Kwarteng ahead of Corporation Tax U-turn

THE GUARDIAN: Chancellor shares letter saying he has accepted prime minister’s request for him ‘to stand aside’

In the letter, Kwarteng argues that the plan to rapidly cut taxes was the correct one despite the turbulent market reaction. Photograph: Tolga Akmen/EPA

Kwasi Kwarteng has announced that he has been sacked as chancellor by Liz Truss as the prime minister tries to restore her political authority ahead of a U-turn on parts of her disastrous mini-budget later on Friday.

In a tweeted letter to Truss, Kwarteng began: “You have asked me to stand aside as chancellor. I have accepted.”

Earlier, Downing Street sources had told the Guardian the prime minister wanted Kwarteng to “carry the can” over her climbdown as she sought to calm the markets and the nerves of jittery Tory MPs.

Truss met Kwarteng, previously her closest political ally and co-architect of her plan for growth, for crisis talks in Downing Street after he dashed back overnight from an International Monetary Fund (IMF) meeting in Washington DC. » | Pippa Crerar and Rowena Mason | Friday, October 14, 2022

Good riddance! Now we need to get the bean counter to resign. I suggest she return to her kitchen and bake some cookies. That will give her plenty of time to think about her future.

When you employ people to do jobs they are not up to doing, to do jobs they are ill-qualified for, this is what you get: chaos and turmoil! The Tory Party is suffering from burn-out. Keir Starmer wants to “make Brexit work”. The problem is that nobody will ever be able to make Brexit work. Brexit is unworkable: it is impoverishing, divisive, and stupid, especially in a geopolitical world of giants.

The only pro-Europe party we have now is the Liberal Democrats, but its leader, Ed Davey, is strangely silent. He should be writing a manifesto for the upcoming general election, offering the electorate a chance to vote to re-enter the EU. The voters need to be given the option of reversing course. They can see now that Brexit is making Britain weaker, poorer and largely ungovernable. If the powers-that-be really want to keep the UK united, then the only way forward, as I see it, is for the country to ask our friends in Europe if they will accept us truculent enfants terribles back into the European family. Next time, I’m sure that the Europeans will be able to get a promise out of us that we will behave ourselves. – © Mark Alexander