15 JANUARY 2023 | NEWS
Members of the parliamentary Conservative Party are in the process of setting up a new party faction that is supportive of the previous Conservative Party leadership, it has been reported.
According to an article in The Times, a group of Conservative Party MPs will meet next week to form a new political group within Parliament that is premised upon the agenda of the Truss government. This revelation could be seen as a challenge to the incumbent Prime Minister Rishi Sunak’s Government. The group will be formed on the premise of Trussite economic ideals, despite the failure of the former Prime Minister’s government.
The group reportedly has around forty members, which include former Cabinet Ministers who served in the Truss government, such as Simon Clarke and Ranil Jayawardena. The group would form a significant proportion of Tory MPs, although it was also reported that the group does not yet have an official name.
The focus of the group is said be on pushing for greater economic growth, with key policy proposals being tax cuts and deregulation. These were pledges made by Truss during her bid for the leadership, but were unable to be implemented.
According to The Times, one of the founders of the new group said in a statement: “Rishi’s instincts are conservative, but there is no one out there making the case for growth. We think it will be helpful for him to have that pressure so that he can have the space to do things that are pro-growth.”
Another source for The Times, who was a former Cabinet Minister, reportedly said the goal of the group was to push “for the maximum possible focus on supply-side reform and stronger underlying growth” and “appealing to the government’s instincts to be brave and to govern”. According to the source, the Conservatives “face serious challenges and we know half-measures won’t cut it. We need to reconnect with our best and boldest instincts.”
The Truss government ultimately ended in turmoil, following an unfavourable market reaction to her policies. The mixture of tax cuts announced in the budget set out by Liz Truss’ Chancellor of the Exchequer, Kwasi Kwarteng, along with the further announcement of high levels of government spending, led to a collapse in the bond market amid the high levels of predicted debt. However, other factors in the global markets were also in play.
Policies announced in the Budget included cuts in Income Tax and a reversal of the proposed hike in National Insurance and Corporation Tax. The proposed tax cuts were coupled with a proposed policy to help with households’ rising energy bills, which would have cost around £150 billion. This Budget eventually led to the sacking of the Chancellor, which was soon followed by the Prime Minister’s own resignation.
Men hate strong women. Truss like May was doomed from the start. SUNAK is a non event and needs to stop wasting his time visiting hospitals who need him like a hole in the head and do some work
Agree
The Conservative Party is hell bent on self destruction. Instead of concentrating on forthcoming local elections and preparing for the inevitable General Elections splinter groups are mushrooming ! The British public dislike divided parties. Unelected Prime Ministers do not last as has been proved !
Their is no money inside HMG! which means possibly that growth is only going to come from the Teresaa MAY cry “We are open for business” and in politics that was a long time ago.
Coupled to both Rishi Sunak also Bris J stating high wage, high numerical employment is just around the corner with Artifical intelligence, Id wish the Conservative party could get injected with some of it.
It leave everyoneelse in the mire, this will or is about to drwon the entire Conservative party “IF” one still either exists or has any members!!