New UK Treasury chief insists Truss retains control

Oct 15, 2022, 5:49 PM | Updated: Oct 16, 2022, 5:51 am
Britain's new Treasury Chief Jeremy Hunt walks into Downing Street to see the Prime Minister Liz Tr...

Britain's new Treasury Chief Jeremy Hunt walks into Downing Street to see the Prime Minister Liz Trus, in London, Friday, Oct. 14, 2022. Embattled British Prime Minister Liz Truss sacked her Treasury chief Kwasi Kwarteng and reversed course on sweeping tax cuts Friday as she tried to hang on to her job after weeks of turmoil on financial markets. (AP Photo/Alberto Pezalli)

(AP Photo/Alberto Pezalli)

LONDON (AP) — The new U.K. Treasury chief on Sunday insisted Prime Minister Liz Truss retains control of her government despite having to roll back her signature economic policies weeks into her premiership.

Jeremy Hunt was drafted in to lead the Treasury after Truss sacked Kwasi Kwarteng amid rising pressure following the turbulent market reaction to the new administration’s “mini-budget.”

“The prime minister’s in charge,” Hunt, a former foreign and health secretary, told the BBC when he was asked whether he now held all the power at Downing Street.

Truss and Kwarteng had slowly unraveled key elements of their economic vision, including tax cuts for top earners and a halt on corporation tax rises, before the prime minister gave in to financial market instability and tanking polling figures and fired Kwarteng.

Hunt has now said taxation will rise and public spending will shrink, despite Britain’s growing cost-of-living crisis.

He said he had been surprised to receive the call to return to the Cabinet, but he was “honored” to join the government as he shared Truss’ desire to prioritize economic growth.

“She has changed the way we’re going to get there, but she has not changed the destination, which is to get the country growing,” Hunt said.

It remains unclear if Truss, who throughout this summer’s leadership campaign secured the support of a majority of Conservative Party members but not of its lawmakers, can ward off any plots to oust her.

Tory lawmaker Robert Halfon told Sky News on Sunday that many colleagues remained unhappy and the situation “has to improve”.

Opposition leader Keir Starmer has pressed the Labour Party’s call for an immediate general election to restore stability, saying the Conservatives are “at the end of the road”.

Hunt has suggested an election is not imminent election, saying Truss will be judged on how her government performs over the next 18 months. The Conservatives want to win back the trust of the public before any national vote.

Recent polls have placed the Conservative Party at a vote share of around 25%, a far cry from the 42.4% share they received in December 2019 which handed then-leader Boris Johnson a commanding majority in Parliament.

The current prime minister argued she still held credibility during a four-question news conference on Friday when she announced the appointment of Hunt.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


(AP Photo/Paula Bronstein, File)...
Associated Press

Inslee touts new housing program for Spokane’s homeless

Washington Gov. Jay Inslee was in Spokane Monday to preview the opening of a new housing project for homeless people, calling the Catalyst Project a step toward ending the state’s homelessness crisis.
9 hours ago
Supporters of Argentine Vice President Cristina Fernandez, a former president, rally outside the co...
Associated Press

Argentina awaits VP Cristina Fernandez corruption verdict

BUENOS AIRES, Argentina (AP) — All eyes in Argentina were on federal court on Tuesday, where three judges prepared to announce their verdict in the corruption trial of Vice President Cristina Fernández de Kirchner. She’s accused of running a criminal organization and fraudulently directing about $1 billion in public works projects during her presidency to […]
1 day ago
A smoke rises from an oil depot struck by Turkish air force near the town of Qamishli, Syria, Wedne...
Associated Press

Turkish missiles used in Syria include Europe-produced parts

BEIRUT (AP) — Commercial brakes produced by a Dutch company to be used in ambulances in Turkey instead ended up in missiles used by Turkey in attacks in northeastern Syria, a report released Tuesday said. Between September 2021 and June 2022, field investigators with London-based Conflict Armament Research analyzed the remnants of 17 air-to-surface missiles […]
1 day ago
Associated Press

Poland leader defends World Cup player bonus amid inflation

WARSAW, Poland (AP) — Poland’s prime minister on Tuesday defended the controversial decision to pay high bonuses to the national soccer team for its World Cup performance amid high inflation and hardship in the country. Mateusz Morawiecki said he believes that the players have earned some kind of a bonus by advancing from their group, […]
1 day ago
FILE - Wisconsin Democratic Gov. Tony Evers makes his acceptance speech on Nov. 9, 2022, in Madison...
Associated Press

Wisconsin Republicans ask Democrat Evers to ban TikTok

MADISON, Wis. (AP) — Wisconsin’s Republican representatives in Congress on Tuesday called on Democratic Gov. Tony Evers to delete the video platform TikTok from all state government devices, calling it a national security threat. The request comes a week after South Dakota Gov. Kristi Noem, a Republican, banned state employees and contractors from accessing TikTok […]
1 day ago
FILE - A sign at the federal courthouse in Tacoma, Wash., is shown on April 6, 2016, to inform visi...
Associated Press

COVID’s lingering impact prompts Real ID deadline extension

The deadline for obtaining the Real ID needed to board a domestic flight has been pushed back again, with the Department of Homeland Security citing the lingering impact of the COVID-19 pandemic for the slower-than-expected rollout. The deadline to have a Real ID had been May 3, 2023, but DHS announced Monday that it was […]
1 day ago

Sponsored Articles

Comcast Ready for Business Fund...
Ilona Lohrey | President and CEO, GSBA

GSBA is closing the disparity gap with Ready for Business Fund

GSBA, Comcast, and other partners are working to address disparities in access to financial resources with the Ready for Business fund.

Medicare open enrollment is here and SHIBA can help!

The SHIBA program – part of the Office of the Insurance Commissioner – is ready to help with your Medicare open enrollment decisions.
Lake Washington Windows...

Choosing Best Windows for Your Home

Lake Washington Windows and Doors is a local window dealer offering the exclusive Leak Armor installation.
Anacortes Christmas Tree...

Come one, come all! Food, Drink, and Coastal Christmas – Anacortes has it all!

Come celebrate Anacortes’ 11th annual Bier on the Pier! Bier on the Pier takes place on October 7th and 8th and features local ciders, food trucks and live music - not to mention the beautiful views of the Guemes Channel and backdrop of downtown Anacortes.
Swedish Cyberknife Treatment...

The revolutionary treatment of Swedish CyberKnife provides better quality of life for majority of patients

There are a wide variety of treatments options available for men with prostate cancer. One of the most technologically advanced treatment options in the Pacific Northwest is Stereotactic Body Radiation Therapy using the CyberKnife platform at Swedish Medical Center.
Work at Zum Services...

Seattle Public Schools announces three-year contract with Zum

Seattle Public Schools just announced a three-year contract with a brand-new company to the Pacific Northwest to assist with their student transportation: Zum.
New UK Treasury chief insists Truss retains control