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Contenders To Replace UK’s Truss

Conservative MPs have started to call for Prime Minister Liz Truss to step down after her package of unfunded tax cuts triggered a market sell-off and hammered her party in opinion polls.

Photo by DANIEL LEAL/AFP via Getty Images

As speculation grows at Westminster over how long Truss can survive in Downing Street, many Conservative MPs argue that Truss will have to leave office before the next election.

Some believe she could hang on for a few more months, but an increasing number argue she has just weeks or even days left.

The new Chancellor Jeremy Hunt -- the fifth in three years -- made a surprise financial statement on Monday (October 17), reversing Truss’s tax cuts and scaling back help with the government’s previously announced domestic energy bills.

Hunt also shelved a plan to cut the lower income tax rate from 20p to 19p.

Names discussed widely to replace Truss include Hunt, Ben Wallace, Rishi Sunak, Penny Mordaunt, and even former prime minister Boris Johnson.

Speaking to the BBC on Sunday, MP Mark Garnier said: “Power is a very fickle thing and I think Liz Truss, as I see it, is in office but is not in power.”