On October 17UK daily updates include:
- UK media today's front page: Tras stepped down as soon as this week, and may become the "shortest-lived" Prime Minister
- GBP rebounded pound , the market expects the UK to give up more tax cuts plans, Xincaixiang today announced the medium-term fiscal plan
- US President Biden public criticism of Tras' economic policies publicly criticizes Tras' economic policies l10
- Environmental protection organization is not afraid of the Home Secretary's ban warning, and throws dye in the central London
- leaked files show: The construction of the British high-speed rail project will exceed the budget billions of pounds
British media today's front page flooded the screen: Tras stepped down as soon as this week, and may become the "shortest-lived" Prime Minister
According to the front page reports of many British media today (October 17): British Prime Minister Tras is likely to be kicked off the stage within this week .
reported that more and more people within the Conservative Party are conspiring to replace the party leader. Although the Prime Minister's Office warned that ousting Tras could trigger an early election and that the Conservatives are likely to lose their ruling position in , some members of the party insisted on doing so.
According to the "Guardian " report today, although Tras is still fighting for her political future, more and more Conservative MPs believe that her days as party leader and prime minister are over.
Even Tras' political allies warn that Tras may have only a few days left to preserve his prime minister's throne.
It is believed that at least 100 Conservative MPs will submit a letter of distrust against Prime Minister Tras to 922 committee chairman Regham Brady
Relevant lawmakers said that they hope Brady can tell Tras clearly that she should resign voluntarily.
In addition, some members of the British government cabinet also intend to launch a joint action, forcibly forcing Tras to resign as they had forced Boris to step down.
There is news that Tras's resignation will be realized in the next few days, making her the shortest-serving Prime Minister in the UK .
"Times " said that some senior members of the Conservative Party had held a secret meeting last Friday to discuss how to elect a new party leader to replace Trass.
At present, there are three people who are the most likely to be: Current Secretary of Defense Ben Wallace , former Secretary of Finance Sunak and Lower House leader Modant .
even , Jeremy Hunter, and former Prime Minister Boris , are among the candidates being considered.
The Guardian quoted a poll conducted by the British Federation of Trade Unions , pointing out that if the UK holds a general election now, the opposition Labor Party will achieve an overwhelming victory similar to that in 1997, winning 411 of the 650 seats in the parliament, while the Conservative Party will lose 219 seats, leaving only 137 seats, and 10 cabinet ministers including Hunter , Jacob Rees-Mogg and Coffey will lose seats; Liberal Democratic Party will win 39 seats, and Scottish National Party will win 37 seats.
pound rebounded sharply, and the market expects the UK to give up more tax cuts. The New Finance Minister announced the medium-term fiscal plan in advance today
According to the latest British media reports, the British New Finance Minister Hunter appointed by Tras last week decided to restore the market's confidence in the government's fiscal plan, and decided to announce some medium-term fiscal plan (Medium-term fiscal plan) on today (October 17).The fiscal plan of
was originally scheduled to be announced on October 31, but in order to calm the concerns in the financial market as soon as possible, British Chancellor Hunter has decided to announce this "medium-term fiscal plan to support fiscal sustainability" until today.
The plan is intended to explain the details of how to reduce government debt and increase economic output to ease investors' concerns about government debt caused by tax cuts.
British media said Tras had met with Hunter on the weekend to discuss comprehensive adjustments to economic policies, cancel more tax cuts, and maintain his throne of prime minister.
Affected by the possibility that Tras might be forced to announce the cancellation of more tax cuts, the pound sterling exchange rate has risen in the past 24 hours.
As of the time of publication (October 17), the latest exchange rate of the pound is as follows, rising against the US dollar to 1.13 and rising against the RMB to 8.11.
U.S. President Biden publicly criticized Tras' economic policies
On October 16th local time, US President Biden publicly criticized British Prime Minister Tras' economic policies when he was patrolling an ice cream shop in Higherton, Oregon, and said it was a "mistake".
Biden said: " It has been long been foreseeable for economic turmoil after the British government announced the mini budget. I am not the only one who thinks this is a mistake. I do not agree with the practice of reducing taxes for super rich people, but this is the British government's own business ."
The tax cut policy previously announced by the Tras government is based on " infiltration economic theory ", also known as " trickle-drop theory ". It roughly understands its meaning: aims to reduce taxes to the rich class and provide tax preferential policies to enterprises through the government, and ultimately benefit everyone, including the poor.
However, Biden has always been critical of the theory.
On October 16, Former Deputy Governor of the Bank of England Charles Bean commented: "The British economy has gone from looking like the United States, Germany to like Italy or Greece . And British politicians argue that economic turmoil is a global phenomenon, which is very hypocritical. This does contain global factors, such as supply chain issues and the Russian-Ukrainian war, but they may only account for three-quarters or two-thirds. What remains is Britain's own problems, especially the problems caused by the mini budget."
Greece experienced a debt crisis from 2007 to 2008, causing the longest-lasting recession among developed economies.
also on October 16, Greek Prime Minister Kyriakos Mitsotakish joked in an interview: "If the UK needs experience in dealing with International Monetary Fund , we can share it."
A British diplomat told the BBC: "We have become a laughing stock. People are coming over and asking, 'What's wrong with your country?'"
Environmental protection organizations are not afraid of the Home Secretary’s ban warning, and pour dye on the road closure in central London
On the evening of October 15, British Home Secretary Braverman announced a new plan for to carry out a large-scale crackdown on destructive protests — The Public Order Act , prohibiting protests that have severe damage or serious adverse effects on public safety.
Under the bill, acts that lock the body with others, objects or buildings in such activities can be imposed up to 6 months in prison or an unlimited fine; acts that interfere with the operation of infrastructure such as refineries, airports and railways can be imposed up to 12 months in prison; acts that dig tunnels under infrastructure may also face up to 3 years in prison; at the same time, the British police will be given new powers to take more "positive" measures against destructive protests.
Brevorman said that destroying public property and delaying emergency services is selfish and terrible behavior and is completely in the public interest, and she hopes to prevent demonstrators from "ranspelling" the public through this new legislation.
In recent months, environmental protection and animal welfare organizations including " Just Stop Oil ", " Protest Extinction Rebellion " and " Animal Rebellion " have held various protests and demonstrations in many places in the UK.
The day after the Home Secretary issued the warning (16th), the roads in London Park Lane were blocked by members of the "Stop Petroleum" organization.
drivers and passers-by who needed to pass here to drag these people out of the road angrily, and shouted at them: "People need to go to the hospital and work!"
At the same time, a member of the organization took out orange dye and sprayed it at an Aston Martin shop on the side of the road.
Previously, members of the Animal Protection Organization also took action in the supermarkets in Harold, Fortnum & Mason in London, and in London, Edinburgh and Manchester City . They dumped several bottles of milk on the ground, calling for the reduction of edible animal products and the transition to a "plant-based future."
leaked files show that the construction of the UK high-speed rail project will exceed the budget billions of pounds
According to British media reports, a leaked document shows that although the British government insists that the construction of the high-speed rail line 2 (HS2) project is "within the budget", in fact, the first phase of construction of alone exceeded the billions of pounds , and the construction budget of the high-speed rail line 2 has tripled from when it was first proposed ten years ago.
HS2 railway project connects London, Birmingham , Manchester and Leeds , aiming to balance the UK economy. But critics believe the project is “expensive, wasteful and extremely destructive to the environment”.
Originally, the project's first phase of construction cost was £40.3 billion, but a report submitted to the board of directors by Jon Thompson, vice chairman of the HS2 project, said: "It is unlikely that this number will be the final amount of billions of pounds, and the rising inflation will also bring serious challenges to the project."
