What has Liz Truss, the British Prime Minister who has just taken office for 12 hours, done?
On the evening of the 6th local time, Tras delivered his first speech as British Prime Minister before No. 10 Downing Street. She said the UK will "survive" amid the worst cost-of-living crisis of this generation, and promised that she would "hands-only" deal with the energy crisis and expected to take measures to set bill caps within a few days.
At the same time, Tras is striving to build her cabinet team and appoint 22 cabinet members in one breath in just a few hours.
Judging from the cabinet list, Tras seems to attach great importance to "loyalty". All those elected to serve in cabinet positions have either issued public statements in support of former British Prime Minister Boris Johnson or at least not publicly announced their vote.
For the new prime minister, most of the British people interviewed by First Financial reporters expressed their hope that she can take the lead in solving difficult problems that affect people's lives, such as energy bills, the National Healthcare System (NHS), and strikes caused by inflation.
Wang Zhanpeng, vice dean of the School of English at Beijing Foreign Studies University and director of the British Research Center, told the First Financial reporter that the economic problems in the UK are the top priority after Tras took office. But he believes that after the epidemic, the British government's finances have been "bloodless". "Although the tax cuts proposed by Tras can stimulate the economy, it will make the British government even more stretched. Especially for the middle- and lower-income people who are most affected by the cost of living crisis, the government will have less room to help them."
media reporter waiting outside 10 Downing Street (photo by reporters from the First Financial Street)
Loyalty
A statement from 10 Downing Street stated: "The Prime Minister has appointed a cabinet that represents the depth and breadth of the Conservatives' talents... This cabinet includes at least five candidates from the recent leadership elections. This cabinet will unify the Conservatives, make our economy grow, and serve the British people."
There are many "people" of Trass in this cabinet list. For example, Telas's close ally Kwasi Kwarteng and Therese Coffey were appointed as the Chancellor of the Exchequer and the Secretary of Health, respectively.
The outside world believes that Tras seems to have appointed a loyalty-based cabinet, just like her predecessor Johnson, and those who once "back-stinged" Johnson were turned away, and no ministers in the former cabinet who supported another candidate, Rishi Sunak, remained. However, Tras also appointed her other campaign opponents in the election to the cabinet. Former British Attorney General Suella Braverman became Home Secretary, Defense Secretary Ben Wallace continued to serve as the leader, and Trade Policy Minister Penny Mordaunt became the leader of the House of Commons.
Tras' current priority is to win the support of Conservative MPs before the replacement of the British government's junior minister this Wednesday, passing her energy plan in the House of Commons. Therefore, it is necessary for Tras, who attracted only 50 MPs in the first round of election votes, to attract a wider base of parliamentary support as much as possible.
Media waiting for the new prime minister's speech in the rain (photo by reporter of the First Financial Daily)
three priority tasks
in his speech outside of Downing Street that she has three priority tasks to be solved urgently. First, she will take action this week to deal with energy issues and ensure future energy supply in the UK.
Simon Usherwood, a professor of political science at the Open University of the UK, told the First Financial reporter that for the new prime minister, the cost of living and energy prices will undoubtedly be his key tasks. Whether from the level of difficulty or the lack of adequate intervention from the UK government so far, this means that Tras must work hard to show that she is closely following the issues that many voters care about.
"From the beginning of the campaign to date, Tras is gradually recognizing the importance of taking action on the cost of living crisis and energy costs. The key is that these measures need to have a direct impact, especially if most of the work ultimately depends on tax and/or structural reforms."Ashwood said.
Currently, the UK energy regulator Ofgem reviews the energy price ceiling twice a year in April and October, respectively. Starting this April, the energy bill cap for an average British household is set to £1,971 per year (about 15,769 yuan) and will rise to £3,549 (about 28,393 yuan) by October. This policy sets an upper limit on the unit rate charged by energy suppliers for natural gas and electricity. For example, in terms of electricity, this means that from October, the civilian electricity bill per kilowatt-hour will rise from the current 28.3 pence (about 2.26 yuan) to 51.8 pence (about 4.14 yuan). And Trass The plan is to set the upper limit of the energy bill at 2,500 pounds (about 20,000 yuan). However, the actual amount of money paid by families is still based on the amount used. The more they use, the more they pay. This fall, Tras also plans to issue 400 pounds (about 3,200 yuan) energy subsidies to British families.
More than British people interviewed by First Financial reporters said that reducing the cost of living and production for individuals and businesses is everyone's main concern, especially gasoline and fuel. High inflation is plaguing everyone's life, and the resulting strike wave has made the situation worse. "When I take my elderly parents to shop, sometimes they can't get what they need. Because it's obvious that there are a lot of things on the shelves that are empty. This is a pretty difficult time for everyone. "A British citizen complained.
Downing Street in the evening of 6 (photo by reporters from the First Financial Daily)
Secondly, Tras said she has a "bold plan" to develop the economy through tax cuts and reforms, and "promote business-led growth and investment."
Improved health services is the third largest task listed by Tras. In the interview, a British citizen said: "I think the NHS needs some improvement." My personal experience with my family is that even if you have been in a long queue, they (medical staff) still don’t know how to arrange you. '
However, the sustainability of the Trass package is also questioned. Although it is not clear how long the aforementioned energy plan will last, the overall scale of the UK government's support plan is expected to reach around £100 billion. At the same time, the UK government is not willing to distribute this expenditure to the people's bills for the next decades, which means that the cost will be borne by the government's finances. The "no new tax" is the view that Tras repeated again and again during the Conservative leader's campaign. If tax cuts are further reduced, the source of funds will become a major challenge.
Paul Johnson, director of the British Institute of Finance Johnson said that the final expenditure may exceed expectations, and energy prices are at risk of maintaining a high level for a long time within three to four years.
In addition, Kuateng had previously proposed that some "fiscal easing" measures are needed in view of the current scale of economic problems, but Conservatives said that the plan is "not yet determined".
column editor: Qin Hong Text editor: Cao Fei Title picture source: Visual China Picture editor: Yong Kai
Source: Author: First Financial Daily Gao Ya, Chen Xiyu
"Ashwood said.Currently, the UK energy regulator Ofgem reviews the energy price ceiling twice a year in April and October, respectively. Starting this April, the energy bill cap for an average British household is set to £1,971 per year (about 15,769 yuan) and will rise to £3,549 (about 28,393 yuan) by October. This policy sets an upper limit on the unit rate charged by energy suppliers for natural gas and electricity. For example, in terms of electricity, this means that from October, the civilian electricity bill per kilowatt-hour will rise from the current 28.3 pence (about 2.26 yuan) to 51.8 pence (about 4.14 yuan). And Trass The plan is to set the upper limit of the energy bill at 2,500 pounds (about 20,000 yuan). However, the actual amount of money paid by families is still based on the amount used. The more they use, the more they pay. This fall, Tras also plans to issue 400 pounds (about 3,200 yuan) energy subsidies to British families.
More than British people interviewed by First Financial reporters said that reducing the cost of living and production for individuals and businesses is everyone's main concern, especially gasoline and fuel. High inflation is plaguing everyone's life, and the resulting strike wave has made the situation worse. "When I take my elderly parents to shop, sometimes they can't get what they need. Because it's obvious that there are a lot of things on the shelves that are empty. This is a pretty difficult time for everyone. "A British citizen complained.
Downing Street in the evening of 6 (photo by reporters from the First Financial Daily)
Secondly, Tras said she has a "bold plan" to develop the economy through tax cuts and reforms, and "promote business-led growth and investment."
Improved health services is the third largest task listed by Tras. In the interview, a British citizen said: "I think the NHS needs some improvement." My personal experience with my family is that even if you have been in a long queue, they (medical staff) still don’t know how to arrange you. '
However, the sustainability of the Trass package is also questioned. Although it is not clear how long the aforementioned energy plan will last, the overall scale of the UK government's support plan is expected to reach around £100 billion. At the same time, the UK government is not willing to distribute this expenditure to the people's bills for the next decades, which means that the cost will be borne by the government's finances. The "no new tax" is the view that Tras repeated again and again during the Conservative leader's campaign. If tax cuts are further reduced, the source of funds will become a major challenge.
Paul Johnson, director of the British Institute of Finance Johnson said that the final expenditure may exceed expectations, and energy prices are at risk of maintaining a high level for a long time within three to four years.
In addition, Kuateng had previously proposed that some "fiscal easing" measures are needed in view of the current scale of economic problems, but Conservatives said that the plan is "not yet determined".
column editor: Qin Hong Text editor: Cao Fei Title picture source: Visual China Picture editor: Yong Kai
Source: Author: First Financial Daily Gao Ya, Chen Xiyu
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