British Prime Minister Tras' term of office is probably about to begin to count down! According to Reuters , more than 100 British Conservative MPs are preparing to submit letters of distrust against Tras to the lower house of parliament, Brady, chairman of the Conservative Parliamentary caucus "1922 Committee", to trigger a process for voting for distrust against Tras.
This means that Prime Minister Tras may be ousted this week, "Leave , 10 Downing Street, ". The first British Conservative MP Blunt, who publicly called on Tras to step down, believes that Tras' "game is over, and the question now is how to deal with succession."
and the former financial meeting of the Conservative Party people Osborne said that Tras's status as prime minister has been in name only, and Tras may reorganize the cabinet and seek a complete resumption, but she is unlikely to survive the crisis.
has always been imitating Iron Lady Thatcher's Trass, with the halo of the third female prime minister in British history, the more glorious he was on the stage, the more embarrassing he was now. From officially becoming the new British Prime Minister on September 6, to now facing a crisis in power, I have been in a dilemma in more than a month and have to step down and leave. This really corresponds to the saying "I will never survive if I commit suicide."
The fuse that led to Tras's resignation was a massive tax cut plan proposed by her government team. The plan was announced by then-Cancel Secretary Kwoten on September 23, claiming to be the largest tax cut in 50 years. However, after the announcement of the stimulus plan of 45 billion pounds, it not only did not boost the British economy, but instead became a fatal blow. The pound fell in response and government bonds were severely sold. The Bank of England had to urgently take to save the market , and only by purchasing large-scale bonds can the financial market be stabilized.
People often say that governing a big country is like cooking small fresh food. The tax cut plan of the Trass team was completely a decision made by a small circle. They did not listen to the opinions of experts and the voices of the people, overestimated themselves and misjudged the situation and public opinion. The medicine is too strong and it will be counterproductive.
Among them, the most important thing is to make two major mistakes:
The first mistake is that this large-scale tax cut, including the policy of deleting the highest tax rate, canceling the annual income of 150,000 pounds (about 1.2 million yuan) and those with an annual income of more than 150,000 pounds (about 1.2 million yuan) will be required to pay a maximum of 45% personal income tax , which is equivalent to a tax cut for the rich, causing a rebound from the people. Under the current circumstances, more than half of the British support the government's tax increase, especially the tax on the rich, to ensure that more public services such as medical care, education and welfare are provided to ordinary people in the current economic downturn. Tras did the opposite, and naturally he was opposed.
The second mistake is that the Trass government announced a tax cut, and the government's revenue is reduced, but at the same time it needs to subsidize energy consumption and increase the defense budget, which has led to a huge gap in the government's fiscal situation. So we have to borrow tens of billions of pounds to supplement it. This practice of tearing down the east wall and repairing the west wall has broken the market's confidence in the government, resulting in large-scale selling of government bonds and a sharp drop in the pound exchange rate .
In the current energy crisis and inflation caused by the situation in Russia and Ukraine, the dissatisfaction in British society has nowhere to vent. This time, Tras' wrong tax cut policy immediately aroused great dissatisfaction among public opinion. Polls show that the Conservative Party’s support rating is far behind the opposition Labor Party. At the same time, 53% of respondents believe that Tras should resign as prime minister. In addition, 61% believe that national elections should be held this year. This means that not only the Trass government is facing a ruling crisis, but even the Conservative Party is facing the biggest challenge in 12 years and is likely to lose its ruling status and become an opposition party. Under heavy pressure, Tras had to actively stop the bleeding and announced that he would give up the previous plan to cancel the maximum income tax rate of 45%. Soon afterward, he announced that he would retain the company tax increase plan proposed by the previous government. On October 14, Tras announced the removal of the Chancellor of the Exchequer, and Kwoten, who was called her "political soul mate" by the outside world, will be replaced by former Health Secretary Hunter .
But although the stubborn Tras has made some adjustments to his tax cut policy to cater to the public's demands and actual development, there has not been much adjustment in other measures, which has also caused the outside world to put a big question mark on the current British government's ability to govern?
IMF recently publicly criticized the Trass government's tax cuts, calling on the UK to reassess the situation. And US President Biden also called the initial plan "a mistake."
wall fell and everyone pushed it. Some analysts believe that Tras, who is facing the dilemma of forced palace and ruling, may eventually have to step down in order to restore calm to the bond market and allow the Conservative Party to survive the crisis, and it is only a matter of time.
