Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Money

Liz Truss’ mini-budget a poll disaster

Published

on

Liz Truss’ mini-budget was seen as a disaster by many, and now a new poll has found that around half of voters believe she should resign as prime minister.

The Ipsos survey found 53% of people believe Ms Truss should quit, while only 20% believe she should stay on. The findings come as the Labour Party is enjoying a surge in popularity, with most Britons believing they will win the next general election.

Tuesday’s YouGov poll found that 60% of the public expect a Labour victory, while just 18% think the Tories would win if an election were to be held.

The party’s plans to renationalise key industries and increase taxes on the wealthy have resonated with many voters, who are tired of austerity measures and cuts to public services.

Ms Truss’ mini-budget, which included a rise in fuel duty and cuts to Universal Credit, was seen as a betrayal by many of those who had voted for her party in December’s snap election.

“Truss should resign”

The Ipsos poll asked 1,000 people between 14 and 17 October whether they thought Ms Truss should resign. Just 13% of those surveyed thought she was likely to win the next general election.

These findings show that the public has little faith in Ms Truss and her ability to lead the country. It remains to be seen whether she will be able to turn things around or if she will be forced to resign in the wake of this disastrous mini-budget.

The new Ipsos poll shows that many voters believe Liz Truss should resign as prime minister in the wake of her disastrous mini-budget. Just 13% of those surveyed thought she was likely to win the next general election, which could spell trouble for her party come election time.

It remains to be seen whether Ms Truss will be able to turn things around or if she will succumb to pressure from within her party and resign.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

Continue Reading

Money

France receives lowest credit rating due to crisis

France’s credit rating downgraded to record low amid political and fiscal crisis, raising concerns over debt and stability

Published

on

France’s credit rating downgraded to record low amid political and fiscal crisis, raising concerns over debt and stability

video
play-sharp-fill
In Short:
– Fitch Ratings downgraded France’s credit rating to A+, citing political instability and fiscal challenges.
– New Prime Minister Lecornu must secure budget approval amidst rising deficit and potential no-confidence vote.
Fitch Ratings has downgraded France’s credit rating from AA- to A+, the lowest ever recorded, amid ongoing political and fiscal challenges.
The decision comes shortly after Prime Minister François Bayrou was removed in a vote of no confidence regarding his €44 billion austerity plan.
President Emmanuel Macron has appointed Sébastien Lecornu as the new prime minister, marking the fifth leadership change in under two years.Banner

Fitch highlighted political instability as a key factor undermining fiscal reforms, with France’s debt now at €3.3 trillion, or 113.9% of GDP.

The budget deficit increased to 5.8% of GDP and is expected to rise, posing challenges ahead.

Political Instability

The new prime minister faces a divided parliament and must secure budget approval by October 7.

The far-left plans a no-confidence vote against Lecornu, complicating further cooperation on legislative reforms, with S&P Global hinting at a potential downgrade.


Download the Ticker app

Continue Reading

Money

Trump moves to fast-track removal of Fed governor Lisa Cook

Published

on

The White House is set to fast-track a ruling on firing Federal Reserve Governor Lisa Cook, just days before the crucial FOMC meeting.

The move comes as markets reel from surging inflation, weak jobless data, and global currency shifts, raising questions about the Fed’s independence and the stability of policy decisions.

Continue Reading

Money

ANZ job cuts spark banking clash

ANZ plans to cut 3,500 jobs, sparking debate on the future of Australia’s banking sector and employment dynamics.

Published

on

ANZ plans to cut 3,500 jobs, sparking debate on the future of Australia’s banking sector and employment dynamics.


ANZ has announced plans to cut 3,500 staff and 1,000 contractors over the next year, triggering a fierce debate between business leaders, unions, and government about the future of Australia’s banking sector.

The decision raises wider questions about the resilience of the business community and the role of politics, productivity, and technology in shaping employment.

#ANZ #Banking #Jobs #Unions #Australia #Economy #TickerNews


Download the Ticker app

Continue Reading

Trending Now