Lise Truss. File photoMOSCOW, Oct 19British MP from the Conservative Party said that the next day will be «hell» for Prime Minister Liz Truss amid talk of a vote of no confidence, writes the Telegraph newspaper. you will see absolute chaos. I think the next 24 hours will be hell for her (Truss — ed.),” the MP told the newspaper. Earlier, inews, citing MPs, reported that about 100 members of the British Parliament wrote letters to the chairman of the steering committee of the Conservative Party (the so-called «Committee of 1922») to Graham Brady asking for a vote of no confidence in party leader Liz Truss because of her failed economic policies. Under Conservative Party rules, MPs can write to Brady asking for a vote of no confidence in the party leader. About 15% of the Tory MPs (approximately 54 MPs) must vote to initiate a vote. After the announcement of a vote of no confidence, a secret ballot of all members of parliament from the Conservative Party is held. If the party leader wins the vote (with more than 50% of the votes), he remains in office and receives a one-year immunity. If he loses, he is forced to resign and forfeit the right to participate in subsequent leadership elections.More than half of Britons support Truss's resignation, poll showsThe British government, led by Truss, has faced a flurry of criticism over a new plan to support the economy and fears that the government will increase the size of the public debt to implement it. 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 an all-time low of $1.054 per pound. Due to the situation in the financial markets last Friday, Truss announced an increase in corporate income tax from 19% to 25%, proposed by the government her predecessor Boris Johnson and canceled earlier by Truss herself. On Friday, the author of the controversial economic support plan Kvarteng resigned, his post was taken by former British Foreign Secretary Jeremy Hunt, who later canceled almost all measures of this plan in order to stabilize the economic situation. Home Secretary Swella Braverman resigned on Wednesday.
