According to CCTV News, on October 20th local time, British Prime Minister Elizabeth Tras announced his resignation as head of the British Conservative Party .
According to CCTV News, on September 5 local time, the voting results of the ruling Conservative Party party leader in the UK were released. In the end, then Foreign Minister Elizabeth Trass defeated former Chancellor Rich Sunak and was elected as the leader of the British Conservative Party.
British Prime Minister Tras. Image source: Xinhua News Agency
On September 6, 47-year-old Trass accepted the official appointment of the then Queen Elizabeth II of the United Kingdom in Scotland , becoming the new prime minister, becoming the third female prime minister in British history after Margaret Thatcher and Theresa May .
However, just 45 days later, Tras resigned from the head of the British Conservative Party. Tras said he would continue to serve as prime minister until he chose his successor . She pointed out that the British Conservative Party leader vote will complete within a week.
After the above news was announced, the pound rose more than 20 points against the US dollar in the short term, the increase of British Treasury bond expanded, and the 10-year Treasury bond yield fell 12 basis points to 3.76%. Meanwhile, the bet on the Bank of England's 375 basis points hike next month rose to 92%, and the bet on the Bank of England's 100 basis points hike next month fell to 8%, compared with 25% earlier on Thursday.
According to China News Service, a well-known Conservative Party member previously revealed that some party members are planning to support their opponents who have competed with Tras to replace her position. Former MP Goodman told BBC that the candidates for discussion within the party include former Chancellor of the tlas defeated by Tras in the fight for party leader, and Modante, deputy minister of international trade, "even including (former Prime Minister) Johnson " .
According to Global Times , British Guardian , after British Prime Minister Tras announced his resignation, the heads of the British Labor Party and Liberal Democratic Party have expressed their demand for an immediate general election, saying that the Conservative Party can no longer let the country be harmed like this.
will become the Prime Minister with the shortest term in the UK
According to Interface News, the BBC, Sky News and " Guardian " and other British media reported on October 20 that on the 20th local time, British Prime Minister Tras, who entered the 45th day of 's rule, issued a statement announcing his resignation, and he will become the Prime Minister with the shortest term in history in the UK.
Tras said he would continue to serve as prime minister until he chose his successor . She pointed out that the British Conservative Party leader vote will complete within a week. In her speech, Tras said that she took office when the economic and international situation was very unstable, and that "families and businesses are worried about how to pay their bills." Tras said she was elected with a task that changed the situation, “has achieved results in energy bills and cutting national insurance” and put forward an economic vision of low tax rates and high growth, “but now I realize that under this situation, I cannot complete the task I was carrying when I was elected.”
On September 5, Tras was elected as the leader of the Conservative Party after internal elections of the ruling Conservative Party of the United Kingdom. On the 6th, Tras accepted the formal appointment of then-Queen Elizabeth II of the United Kingdom, becoming the 56th Prime Minister of the United Kingdom and the third female prime minister in British history. Just six weeks after being elected as prime minister, the economic plan proposed by the Trass administration has hit the market and caused a split in her Conservative Party.
On the morning of the 20th local time, Tras met with Graham Brady, chairman of the British Conservative Party's 1922 Committee, and agreed to hold and complete the Conservative Party leader election next week. Tras said this will ensure that the UK government continues to take the path to implementing fiscal plans and maintain economic stability and national security in the UK.
3 days ago apologized and said he would not resign
According to data released by the UK's National Office for Statistics (ONS) on the 19th, the UK's consumer price index (CPI) rose 10.1% in September, exceeding 9.9% in August, and the year-on-year growth rate returned to the highest level in 40 years.
On October 19, British Home Secretary Braverman resigned. In September this year, Braverman was just appointed British Home Secretary.
And just 5 days ago, British Chancellor Kwoten was fired.
According to CCTV News, on the 17th local time, Tras said that the government he led made a mistake in formulating a "mini budget". Trass' press secretary told the reporters present that Tras thought he "wanted to do too much and was too hasty" and apologized for it.
Since then, Tras herself said in an interview with British media that in the past month as prime minister, her performance has been "not perfect", but she has "corrected" her mistakes. Tras said she remains committed to stimulating the UK's economic growth, but admitted that it will take longer to realize the desire.
CBC report screenshot
At that time, Tras said that she was willing to take responsibility for "going too far and too fast", and she wanted to "apologize for the mistakes she made." "I do think it's a sign of an honest politician, and he'll say: Yes, I made a mistake. I've solved this mistake. Now we need to serve people." Tras said he would not resign and would lead the Conservatives to the next election. Embattled Tras is working to defend his position as prime minister. Five Conservative MPs have publicly demanded that she resign. In addition, according to media reports, more than 100 Conservative MPs are preparing to submit a letter of distrust against Tras to Brady, chairman of the 1922 Committee.
Although the presidency of the Conservative Party’s old minister Hunter temporarily stabilized the situation, the suspicion about the position of Prime Minister Tras has not ended. Even George Osborne, who served as Chancellor of the Exchequer during the Cameron , has publicly expected that the UK will welcome a new prime minister before Christmas.
For the next UK market, Lee Hardman, exchange rate analyst at Mitsubishi UF Financial Group, said in an email to a reporter from " Daily Economic News ", "The performance of the UK bond market will be closely watched this week to see how it develops without any support and whether the market will continue to put greater pressure on the UK government to further tighten its fiscal policy."
"Overall, this week will be another week of big fluctuations for the pound. We still believe that the pound's risk is more inclined to decline, especially against the US dollar before the end of this year. The pound has completely recovered the loss of lands since the UK government announced the 'mini budget' in late September, but further gains will be limited before the UK government takes further steps to regain market confidence in the bond market," Hardman added.
Conservatives publicly called on Tras to step down,
said "the game has ended"
According to China News Service comprehensive foreign media reports, Tras' performance aroused some Conservative MPs' dissatisfaction. Among them, British Conservative MP Blunt was accused of being the first Conservative to publicly call on Tras to step down. Blunt said in an interview with British media on October 16: "I think the game is over, and the problem is now how to deal with succession."
Former Conservative Chancellor Osborne predicted that Tras may reorganize the cabinet and seek a complete resumption, but she is unlikely to survive the crisis. By Christmas, Tras is likely to have left 10 Downing Street .
There are also well-known insiders of the Conservative Party who revealed that some MPs within the party are planning to support their opponents who have competed with Tras to replace her position. Former MP Goodman told the BBC that the candidates discussed within the party include former Chancellor Sunak, who was defeated by Tras in the fight for party leader, and Deputy Minister of International Trade Modant, "even including (former Prime Minister) Johnson" .
On the other hand, the British House of Commons debated on a petition requesting an immediate general election on the 17th. The petition was supported by hundreds of thousands of signatures.
editing| paragraph refinement Du Hengfeng
proofreading| Sun Zhicheng
Daily Economic News is integrated from CCTV News, Global Times, Interface News, China News Network, Xinhua News Agency , Meijing.com , etc.
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