Britain’s new Chancellor of the Exchequer Jeremy Hunt has warned his Conservative colleagues against trying to oust Prime Minister Liz Truss from office.
Truss became prime minister on Sept. 5. But her position has been weakened after her “mini-budget,” which included £45 billion of unfunded tax cuts, spooked the financial markets, causing the pound to fall and borrowing costs to soar.
She replaced Chancellor Kwasi Kwarteng, a close ally, with former leadership rival Hunt. But several Tory MPs have openly suggested that Truss will find it hard to stay in her job for long.
Jeremy Hunt leaves 10 Downing Street in London after he was appointed Chancellor of the Exchequer on Oct. 14, 2022. (Victoria Jones/PA Media)
Talking to the BBC’s Sunday with Laura Kuenssberg programme, the new chancellor warned against potential moves to oust the prime minister, saying that political instability at the top and another protracted leadership campaign would be “the last thing that people really want.”…