By Oyintari Ben
Liz Truss’s pledge to “deliver” is in danger of being derailed in Parliament after a turbulent first month in office highlighted by party differences and discontent over her economic strategy.
Despite her party’s majority in the Commons, the prime minister may find it difficult to enact changes because some Tory MPs oppose portions of Ms Truss’s agenda.
As Parliament reconvenes this week, we’ve looked at some of the impending flashpoints that might derail Ms Truss’s administration.
The financial markets poorly received the so-called mini-budget of Chancellor Kwasi Kwarteng, which included the most significant tax cuts in decades but little information on how they would be paid for.
The pound’s value fell, borrowing prices rose, and the Bank of England had to bail out pension funds; as a result, causing economic upheaval.
To calm the markets, Mr Kwarteng announced that on November 23, he would present his economic strategy and an unbiased forecast of the country’s financial situation.
Previous administrations have endured setbacks on particular budgetary items, most frequently tax increases or cuts. However, if an amendment to the finance bill is chosen and approved, that would be one of the possible times when Ms Truss’s administration would be in danger.
Rishi Sunak, the previous chancellor, had pledged to connect welfare payouts to inflation (in other words, the rising cost of living).
Although it has been claimed that benefits like universal credit could be increased in line with earnings rather than prices, Ms Truss’s government has not yet committed to this.
