British lawmakers will try to oust Prime Minister Liz Truss this week, deepening a political crisis that has seen the United Kingdom lose three prime ministers since 2016, media reports say.
The Daily Mail quoting sources reported Monday that more than 100 members of parliament were ready to submit letters of no confidence in Truss to Graham Brady, the head of the Conservative Party's committee which organizes leadership contests.
Brady is said to be resisting the move, arguing that Truss, along with newly appointed Chancellor Jeremy Hunt, deserve a chance to set out economic strategy in a budget on Oct. 31, the tabloid said.
Hunt replaced Kwasi Kwarteng on Friday, after the former chancellor was fired following financial turbulence in the wake of last month's mini-budget and a backlash from a number of MPs in his party.
Hunt has warned of looming tax hikes while admitting to "mistakes" by his short-lived predecessor in a disastrous budget.
While tax cuts were the centerpiece of the budget announced by Hunt's predecessor Kwarteng on September 23, they were financed through billions in more borrowing, sparking panic on the country’s financial markets that also led to higher costs for British households.
Truss, who won the Conservative Party leadership last month after promising to slash taxes, is fighting for her political survival after ditching key parts of the program. The chaos has fueled discontent in the party, which is falling behind the opposition Labor Party in opinion polls.
Hunt has insisted Truss is still in charge of the government, after a series of U-turns left her premiership in jeopardy.
However, some Tory MPs have reportedly opened talks about how to remove her from power, despite current party rules preventing a formal leadership challenge for a year.
Tactics reportedly under consideration include submitting no-confidence letters in a bid to force party bosses into a rule change, or changing the rules to allow MPs to bypass party members and pick a new leader themselves.
Britain, engulfed in a political crisis, has lost three prime ministers since it voted to leave the European Union (EU) in 2016.
Truss is now facing threats of being ousted herself by senior Conservative parliament members appalled by the party's collapse in opinion polls since she replaced controversial Prime Minister Boris Johnson on September 6 after his involvement in a wave of political scandals.