It is reported that British Prime Minister The "low tax country" that Tras promised to the people during the campaign has become a bubble, causing her authority to suffer a heavy blow. As soon as Tras took office, he announced the abolition of the maximum income tax rate of 45% and lowered the basic tax rate, which was jaw-droppingly aggressive. The plan then triggered a "financial earthquake" in the UK, and the British pound depreciated significantly, and companies began to sell their stocks; after party MPs strongly boycotted, Tras had to announce the suspension of her "new policy" last week, announcing the cancellation of the 45% maximum income tax rate plan.
Tras' concession caused his support rate to plummet, and his plan to "establish authority" when he took office also failed. However, the British people have another expectation: Tras promises to "increase welfare expenditures simultaneously based on the growth of citizens' income". In other words, whether it is affected by inflation or other factors, as long as the British people have more income, they can get more social benefits; the UK's CPI in August rose 9.9% year-on-year, and the quality of life of the people has shrunk severely; Tras' commitment has given many people a "peace of mind" in the current environment of depreciation of the pound, which means that they don't have to worry that the economic downturn will affect future social welfare.
If the plan is overturned again, it means that both of Tras’ biggest promises have been lost. It is conceivable that her approval rating will plummet. In fact, when she proposed these two policies during the election, some economists analyzed that it was impossible to implement them because Britain's development potential was really limited. Now Britain is still reaping the old capital of finance, and has a tendency to decline into a "second-rate country", and has been surpassed by the old colonial India. In this case, tax cuts and expansion of welfare expenses are obviously preparing to "lay down" and give up the development prospect. Even if Tras can accept those ambitious government members, they will not accept it, so the final plan is likely to not be realized, it is just her own wishful thinking.
Also worth mentioning, British media also revealed that MPs privately planned that once Tras insisted on their own opinions and did not give in, they would initiate a motion to remove her, making her the "shortest Prime Minister"; under the chaos of Tras (including the scandal of his former Johnson ), the current Conservative Party's public opinion support rate is 30 percentage points behind Labour Party , reaching the lowest in recent years. If public opinion cannot be restored before the next election, their failure is inevitable, and MPs are unwilling to "bet" on this matter. There was a comment on this: "Tras's promises are very naive and have no reference value. While she was smart, she might not consider that if British society could afford such a large amount of tax cuts and increased welfare, why didn't the previous prime ministers implement it?"
