UK leader in peril after Treasury chief axes ‘Trussonomics’


              Traffic outside the Bank of England, in the financial district in the City of London, Monday, Oct. 17, 2022. The U.K.'s new Treasury chief ripped up the government's economic plan on Monday, dramatically reversing most of the tax cuts and spending plans that new Prime Minister Liz Truss announced less than a month ago. (AP Photo/Alberto Pezzali)
            
              Traffic passes the Bank of England in the financial district in the City of London, Monday, Oct. 17, 2022. The U.K.'s new Treasury chief ripped up the government's economic plan on Monday, dramatically reversing most of the tax cuts and spending plans that new Prime Minister Liz Truss announced less than a month ago. (AP Photo/Alberto Pezzali)
            
              The Bank of England, in the financial district in the City of London, Monday, Oct. 17, 2022. The U.K.'s new Treasury chief ripped up the government's economic plan on Monday, dramatically reversing most of the tax cuts and spending plans that new Prime Minister Liz Truss announced less than a month ago. (AP Photo/Alberto Pezzali)
            
              Larry the cat, Chief Mouser to the Cabinet Office leaves 10 Downing Street in London, Monday, Oct. 17, 2022. As British Prime Minister Liz Truss struggles to retain her authority, one man is seen to be in the real position of power to restore order and credibility to the Conservative government and limit the damage caused by Truss' economic plans. Jeremy Hunt, Britain's new Treasury chief, on Monday sought to calm jittery markets and angry Conservative lawmakers as he announced he was reversing the bulk of Truss' tax-cutting economic stimulus package.(AP Photo/Frank Augstein)
            
              Britain's Chancellor of the Exchequer Jeremy Hunt gets into a car at the rear of Downing Street, before he makes an emergency statement, in London, Monday, Oct. 17, 2022. U.K. Treasury chief Jeremy Hunt has reversed most of an economic package announced by the government just weeks ago including a planned cut to income tax. Hunt said Monday he was scrapping “almost all” the tax cuts announced last month and signaled public spending cuts are on the way.  (Victoria Jones/PA via AP)
            
              Jeremy Hunt leaves 10 Downing Street in London after he was appointed Chancellor of the Exchequer following the resignation of Kwasi Kwarteng, Friday Oct. 14, 2022. Chancellor of the Exchequer Kwasi Kwarteng said he has accepted Prime Minister Liz Truss' request he "stand aside" as Chancellor, paying the price for the chaos unleashed by his mini-budget. (Victoria Jones/PA via AP)
            
              Jeremy Hunt leaves 10 Downing Street in London after he was appointed Chancellor of the Exchequer following the resignation of Kwasi Kwarteng, Friday Oct. 14, 2022. Chancellor of the Exchequer Kwasi Kwarteng said he has accepted Prime Minister Liz Truss' request he "stand aside" as Chancellor, paying the price for the chaos unleashed by his mini-budget. (Stefan Rousseau/PA via AP)
UK leader in peril after Treasury chief axes ‘Trussonomics’