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Tuesday, December 6, 2022

Majority of Brits want Liz Truss to resign – poll

Over one-third of Conservatives surveyed also want the prime minister to quit

More than half of Britons want Prime Minister Liz Truss to resign, a new poll published on Friday by YouGov shows. According to the survey, 51% of almost 5,000 respondents want her to quit, while only about a quarter of those polled believe she should stay. Just under a quarter said they did not have any particular opinion on the matter.

The news comes as Truss and Chancellor of the Exchequer Kwasi Kwarteng face a backlash over a new spending plan designed to spur economic growth and help alleviate the effects of soaring energy prices in the short term. The plan, which involve a large package of unfunded tax cuts, sent sterling plummeting to record lows against the US dollar on Monday.

The UK’s bond market also experienced the largest one-day sell-off in its history. Deutsche Bank estimated that the plan would push the UK’s debt-to-GDP ratio to around 101%, which would be the highest national debt level since 1962.

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On Wednesday, Truss’ government faced criticism from billionaire investor and founder of Bridgewater Associates Ray Dalio, who argued that a rapid debt increase amid a lack of demand for the British pound globally would lead to disaster.

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The recent developments have also seen the Tories’ popularity take a severe hit. According to another YouGov poll published on Thursday, the Labour Party has surged to a 33-point lead over the Conservatives. If elections were held today, the latter would garner just 21% of the vote, whereas more than half of Britons would vote Labour.

Kwarteng appears to be even less popular than Truss, with 54% of Brits polled wanting him to resign, according to YouGov. Only 19% of respondents said they would like the chancellor to remain in his role.

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The poll results come as Truss is heading into the Conservative Party’s annual conference scheduled for this Sunday. The prime minister, who has been in office for less than a month, enjoys the support of just around 43% of Conservative voters, while more than a third of her party backers (36%) also want her to quit, the YouGov poll shows.

https://ift.tt/9jXceVI 01, 2022 at 02:58AM
from RT – Daily news

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