MOSCOW, Oct 18British Defense Secretary Ben Wallace said he wants to be defense secretary until the end of his term and does not plan to run for prime minister amid emerging calls for the resignation of current Prime Minister Liz Truss. Earlier media reported that a number of members of the British Parliament are in favor I want Secretary of Defense Ben Wallace to replace Liz Truss as prime minister. and I want to do this (my) job,» Wallace said in an interview with the Times. Wallace also added that British society wants stability and security, and if the government does not provide this to the residents, then the Conservative Party can go to the place of the opposition. The British government led by Truss has faced a flurry of criticism due to a new plan to support the economy and fears that in order to implement it, the government increases the size of the public debt. The plan was introduced in Parliament by former Treasury Secretary Kwazi Kwarteng and called for massive tax cuts. After its announcement, the yield on five-year UK government bonds rose to the highest level since 2008 of 4.6%, which means a decrease in demand for debt securities. In this regard, the pound fell sharply and in the course of trading fell to a historic low of $ 1.054 per pound. Due to the situation in the financial markets last Friday, Truss during a press conference announced an increase in corporate income tax from 19% to 25% , proposed under the government of her predecessor Boris Johnson and canceled earlier by Truss herself. The cancellation of the planned increase was one of the measures of the plan to support the economy and assumed that more businesses would invest in the UK economy. On Friday, the author of the scandalous plan, Finance Minister Kwazi Kwarteng, resigned, who was replaced in this post by former British Foreign Secretary Jeremy Hunt. mistakes» and wants to apologize.
