A Cumbrian MP called the Chancellor’s sacking ‘absolutely right’.
Kwasi Kwarteng’s resigned just 24 hours after he said he was ‘absolutely 100 per cent’ not resigning, following criticism of his budget.
But this morning, he tweeted that he was no longer serving as Chancellor after he was asked to stand aside by Prime Minister Liz Truss.
The mini-budget, aiming to cut taxes, has been highly criticised from the opposition as well as from Conservative Party members.
Jeremy Hunt, a former Health and Foreign Secretary, will now serve as Britain’s Chancellor.
Liberal Democrat Tim Farron, MP for Westmorland and Lonsdale, said: “The Conservatives’ mini-budget has led to economic turmoil in our country, with mortgages and food and fuel prices sky rocketing as a result.
“It is absolutely right that the Chancellor was forced to resign, but the tax cuts in this budget that have led to this crisis are exactly the tax cuts that the Prime Minister had been calling for during the Conservative leadership election campaign.
“This was Liz Truss’ budget as much as it was Kwasi Kwarteng’s budget. She must take responsibility for it and call a General Election and let the country decide.”
John Stevenson, the Conservative MP for Carlisle, said: “The PM has recognised we are in a serious situation and has taken a course of action. Jeremy Hunt is a welcome appointment. He is a serious politician with considerable experience and the markets will reassured by his appointment.”
At a press conference earlier this afternoon, Prime Minister Liz Truss announced a U-turn on the Government’s decision to freeze corporation tax and she was determined to see through her promise of economic growth.
She said she always had the country’s best interests at heart.
She said Mr Hunt shared her vision.
Cumbria’s other Conservative MPs – Simon Fell (Barrow and Furness) Mark Jenkinson (Workington) and Trudy Harrison (Copeland) have been contacted for comment.
