“This cannot continue. Britain deserves better. Britain cannot afford the chaos of the Conservatives anymore, we need a general election now,” Starmer told the lower house of the UK parliament.
The official added that the crisis at the Downing Street caused an economic instability throughout the country which forced its people to overpay for bills, rent, and mortgage.
Earlier in October, Truss promised to reduce public debt amid a flurry of criticism over the government’s new plan to support the economy, which included large-scale tax cuts. After the plan’s announcement, the yield on five-year UK government bonds rose to its highest level since 2008, at 4.6%, which meant a decrease in demand for debt securities. Consequently, sterling fell to an all-time low of $1.054 per pound.
In late September, a YouGov poll showed that the Conservatives’ rating dropped to 21%, while the support of the Labour Party reached 33%, the highest figure since the late 1990s, according Sky news reports.
The next general election in the UK is scheduled to be held no later than January 2025.
UNI
