China News Service, October 5th, a comprehensive report, British Prime Minister Truss was forced to reverse fiscal policy, damaging the credibility of the team she led.
Some cabinet members believe that key parts of her proposed push for Britain's economic reforms may be difficult to implement because Truss's position in the ruling party has been severely damaged.
Changes in the day and night have damaged the credibility of Trus' ruling
According to the report, on October 3, local time, Truss, who had been in office for less than a month, reversed the decision to abolish the 45% top income tax rate, a day before she was still defending the policy.
On September 6, local time, Elizabeth Truss delivered her first speech since becoming the new British Prime Minister in front of the Prime Minister's Office in London.
Reuters said the change sparked warnings from cabinet lawmakers that she risked losing any future elections by restoring her name as a "dirty party".
Singapore's "Lianhe Zaobao" pointed out that Truss's cabinet members who attended the annual Conservative Party conference in Birmingham were interviewed, and blamed this kind of damage to the government's credibility. support for the project, such as putting it up for cabinet debate.
They also questioned the way Truss has run the Conservative Party.
Cabinet members interviewed predict Truss will remain prime minister until the next general election in about two years, as there is not enough time for a new leader to perform.
A former cabinet member predicted Truss would step down within a year to give the Conservatives time to get back on their feet before a general election in January 2025 at the latest.
These views suggest that a series of economic initiatives initiated by Truss and Chancellor Kwarten may be dead.
In addition to offering tax cuts, the policy also includes deregulation in areas such as finance, housing construction and child care.
Foreign media: Truss can't get party to compromise on core issues
The problem for Truss, Bloomberg reported, is that her aggressive policies require partisan compromises on core issues, and that requires a leader who can defuse tensions.
On September 5, local time, Truss waved outside the Conservative Party headquarters.
Truss, however, was not empowered by British voters, with about two-thirds of Conservative MPs not voting for her in this summer's leadership election, which she won with the support of rank-and-file members.
Truss also did not try to unite the party following a divisive leadership election, appointing allies to key cabinet positions.
According to Truss's economic reform plan, she originally wanted to promote economic growth by deregulating financial markets, but the announcement of the tax cut plan caused the bond market to collapse, the pound fell to a record low against the dollar, and the Bank of England Had to come to the rescue.
That eclipsed Truss' plans for financial reform.
"The market is built on confidence, and if you lose that you're in serious danger, so the government has to show that fiscal sustainability is part of the plan," said Haynes, president of the Aquis stock exchange.