It comes over fears that Truss and Chancellor Kwasi Kwarteng will “crash the economy” following the mini-budget announcement on Friday.
Tory MPs, economists and members of the opposition alike have criticised the Prime Minister borrowing-fuelled tax-cutting plans, which led to a disastrous day for the pound and also saw Labour take its biggest poll lead over Tories for more than 20 years.
Top economists, currency markets, opposition parties and some Tory MPs have reacted with dismay to the prime minister and chancellor Kwasi Kwarteng’s borrowing-fuelled tax cut spree.
\u201cLiz Truss can't say she wasn't warned that her plan was a fairy tale. \n\nRishi Sunak(former Chancellor) - "We have to be honest. Borrowing your way out of inflation isn't a plan - it's a fairy tale."\u201d
It comes after one senior Tory backbencher told The Independent that combination of the “disastrous” mini-Budget and plummeting pound had “substantially reduced” the Tory party’s chances of winning the next election.
“It’s been deeply damaging to our reputation on the economy – but that’s what happens when you have ideologues running the show. They’re like tea party Republicans or right-wing Corbynistas,” said the MP.
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