Post by no1novice on Oct 14, 2022 12:51:58 GMT
13:42
BreakingChris Philp sacked from the Treasury
Chris Mason
Political editor
Chris Philp is no longer Chief Secretary to the Treasury.
Whitehall sources tell me he was rung by the prime minister in the last hour and asked to move to the Cabinet Office, and he agreed to that.
BreakingChris Philp sacked from the Treasury
Chris Mason
Political editor
Chris Philp is no longer Chief Secretary to the Treasury.
Whitehall sources tell me he was rung by the prime minister in the last hour and asked to move to the Cabinet Office, and he agreed to that.
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Posted at 13:3913:39
Kwarteng letter shows PM's closest ally was pushed
Nick Eardley
Chief political correspondent
It's clear from Kwasi Kwarteng's letter that it was the prime minister's decision to get rid of him.
This wasn't a mea culpa on his part; he was told to step down and did.
Do not underestimate how significant this is. Liz Truss and Kwasi Kwarteng were billed as the closest of political allies when she won power.
His allies told me he saw his job as delivering her plans. They would, we were told, work in lockstep, free from the drama seen in previous PM-chancellor relationships.
But the turmoil in the markets - and then at Westminster - have ripped that relationship apart.
Truss has made the calculation that to move on from the mini-budget she needed to get rid of her chancellor. But given how close the pair have been, that may be easier said than done.
Nick Eardley
Chief political correspondent
It's clear from Kwasi Kwarteng's letter that it was the prime minister's decision to get rid of him.
This wasn't a mea culpa on his part; he was told to step down and did.
Do not underestimate how significant this is. Liz Truss and Kwasi Kwarteng were billed as the closest of political allies when she won power.
His allies told me he saw his job as delivering her plans. They would, we were told, work in lockstep, free from the drama seen in previous PM-chancellor relationships.
But the turmoil in the markets - and then at Westminster - have ripped that relationship apart.
Truss has made the calculation that to move on from the mini-budget she needed to get rid of her chancellor. But given how close the pair have been, that may be easier said than done.
PM to hold press conference at 14:30
Prime Minister Liz Truss will hold a press conference at 14:30 BST, Downing Street has confirmed.
It will take place in No 10's briefing room.
Stay with us as we bring you the latest updates.
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Posted at 13:3113:31
Prime Minister Liz Truss will hold a press conference at 14:30 BST, Downing Street has confirmed.
It will take place in No 10's briefing room.
Stay with us as we bring you the latest updates.
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Posted at 13:3113:31
Hunt tipped to be next chancellor
Chris Mason
Political editor
Conservative MP and former health secretary Jeremy Hunt
Getty ImagesCopyright: Getty Images
One person being tipped to be the new chancellor is Jeremy Hunt.
A big name in the party, he’s run big departments of state before and, crucially, was a supporter of Rishi Sunak for leader.
The prime minister would be able to argue she is reaching out to parts of the party that did not support her to become PM.
Hunt was the runner-up for the Conservative leadership when Boris Johnson won, and was knocked out very early on in the most recent contest.
He isn’t replying to texts or calls asking if he’s been offered the job.
Chris Mason
Political editor
Conservative MP and former health secretary Jeremy Hunt
Getty ImagesCopyright: Getty Images
One person being tipped to be the new chancellor is Jeremy Hunt.
A big name in the party, he’s run big departments of state before and, crucially, was a supporter of Rishi Sunak for leader.
The prime minister would be able to argue she is reaching out to parts of the party that did not support her to become PM.
Hunt was the runner-up for the Conservative leadership when Boris Johnson won, and was knocked out very early on in the most recent contest.
He isn’t replying to texts or calls asking if he’s been offered the job.