Truss May Not Stay Long As Prime Minister Even After Kwartengs Resignation

 UK Prime Minister Liz Truss is alarmingly close to losing her office despite Kwasi Kwarteng resigning as the chancellor of the Exchequer, experts told Sputnik.

Earlier in the day, Kwarteng announced his resignation after reports leaked that he has been fired over a controversial tax cuts plan for big corporations, which triggered a negative reaction from both markets and general public. Kwarteng, who was relieved of his post barely three weeks after his appointment, is now replaced by Jeremy Hunt. The question remains if this would be of any help to the embattled prime minister, since she ran for Tory leadership as a committed Thatcherite and the now-scrapped economic policy is viewed as her brainchild.

"The economic credibility of the Truss Government lies in tatters. She has fired her Chancellor which may provide temporary respite. But the tax policies that have rocked financial markets in recent weeks were her policies. The prime minister may stagger on for a few more months but her days in Downing Street are surely now numbered," Patrick Diamond, a professor of public policy at Queen Mary, University of London, said.