Press Conference

[stingman123]

Hope she gets shot of the useless bloke from the UP movie that calls herself the Health Minister

[jamesbrown]

It's official now.

https://www.bbc.co.uk/news/live/uk-p...%40BBCBreaking

[Whorty]

It's more than a rumour, it's confirmed by multiple (credible) sources, which means that Truss won't be too far behind.

And, yes, reversal of Chapter 10 is quite unlikely now, especially if Sunak is involved in the next administration. Either way, it's easier to retain existing legislation than force through a change.

Kwasi out was inevitable. He does come across as the sharpest tool in the box anyway. Maybe the Sontaran Javid ... trusted by markets (?), a safe pair of hands for now.

If she goes will another untried numpty just because they are on her side then Truss will be close behind.

Although I still maintain that Rishi is the best bet for country and Tories at the moment ... ala Blair/Brown ... didn't like each other, but you don't need to lik ethose you work work, you just have to be professional and get the job done.

[Martin@AS Financial]

Kwarteng has stepped down - will be interesting to see how the markets respond and who his replacement will be:

https://www.financialreporter.co.uk/...-failures.html

[DealorNoDeal]

Kwasi down the khazi.

[jamesbrown]

Kwarteng has stepped down

Stepped down.

[quackhandle]

Bang go those IR35 repeal changes.

Plus ça change, plus c'est la même chose.

qh

[DealorNoDeal]

Apparently, MPs are plotting to replace Truss with a Mordaunt/Sunak alliance.

[saptastic]

oh dear

please no more repealing the repeal

this is embarrassing

[AtW]

Higher corp tax not necessarily a bad thing for economic growth - companies might prefer to reduce tax take by investing in R&D or hiring more employees VS attracting business to the UK solely on having the lowest rates.

Easier to invest elsewhere, especially after Brexit