What's happening?

Three weeks ago, Liz Truss and the man in charge of Britain's money, Kwasi KwartengA British Conservative politician who served as Chancellor of the Exchequer under Liz Truss from September to October 2022., announced a new plan for the UK. They said they would cut taxesThere are three main ways for governments to obtain money: print it, borrow it or collect taxes., spend more and help the economyThe way that money flows through a country, which affects wages and the cost of living. to grow.

It was an unpopular choice with many. Now Liz Truss has sacked Kwarteng. Yesterday his replacement, Jeremy Hunt, reversed most of the plans. 

Many think Truss is no longer really in charge. The plans she promised are no longer happening. 

Today, leaders raise money for the country by borrowing. But this is only possible if investorsA person who puts money into something in order to one day receive more money and make a profit. think the economy is stable and leaders are not taking big risks. 

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Jeremy Hunt's speech was aimed at the British people. But it was also aimed at investors. Some think they have too much of a say in how Britain is run.

Is Liz Truss really in charge?

Yes! Liz Truss's job makes her one of the most powerful people in Britain. She is in charge of which group of people run the UK. 

No! Yesterday, Jeremy Hunt showed he has more power than Liz Truss. And the people who control whether the UK can raise more money have a huge say in how Britain is run.