Lack of a better option the only thing saving Truss
The UK prime minister is facing political ruin after the collapse of her economic agenda, but Conservative MPs do not have an obvious successor to rally around.
“I am not going anywhere,” Kwasi Kwarteng declared on Thursday (Friday AEDT), shortly before he rushed out of a reception at the UK ambassador’s residence in Washington on a rainy night to catch the last plane back to London.
By Friday lunchtime London time, the chancellor had been sacked after his debt-fuelled “mini” budget sent panic through markets and created political carnage. His 38 days in office was the second-shortest tenure in almost two centuries, pipped only by a politician who died of a heart attack.
Financial Times
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