UK PM Sunak says economy will bounce back in 2024; fights to keep job

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A defiant Rishi Sunak insisted he would still be UK prime minister after May’s local elections as he dismissed ‘Westminster gossip’ about Tory plots against his leadership.

Sunak addressed Conservative MPs in Westminster as he battled to assert his authority following days of speculation about his position.

And in a BBC interview he insisted his plan for the country was working and ‘2024 will prove to be the year that the economy bounces back’.

Speculation is rife that rebel Conservative MPs are lining up potential successors should Sunak face a no confidence test before a general election.

Heavy defeats for the Tories in May’s local elections could heap pressure on Sunak.

But the prime minister told the BBC he would still be in No 10 after the local elections because ‘the things that we are doing are making a difference’.

Sunak was buoyed by a fall in inflation to 3.4% in February, down from 4% in January, with Chancellor Jeremy Hunt hinting the improved economic picture could result in tax cuts and reductions in interest rates – which could improve voters’ finances in the run-up to an election later this year.

The prime minister said: ‘I do believe that at the start of this year we have turned a corner after the shocks of the past few years and we are in a new economic moment and 2024 will prove to be the year that the economy bounces back.’

In Westminster, Sunak was greeted by Tory MPs banging the tables in support as he arrived at a meeting of the 1922 Committee.

The prime minister’s press secretary said he would use the behind-closed-doors session to stress the need for unity ahead of the May 2 local elections.

‘I’m sure they will be talking about that we have got to pull together to make sure Labour don’t do … to Britain, what they have done to Birmingham,’ said the spokeswoman.

The Conservative Party leader has looked to make hay with the situation facing England’s second city, saying at Prime Minister’s Questions that ‘taxes are going up by 21%’ and that ‘services are being cut’ as the local authority looks to balance its books.

The Labour-run city council in Birmingham declared itself effectively bankrupt in September after identifying equal pay liabilities estimated at £760 million. It is now said to be on a ‘narrow path to financial sustainability’, dependent on budget cuts.

Plotting rebels have reportedly talked up the prospect of Commons Leader Penny Mordaunt or security minister Tom Tugendhat, both of whom have previously featured in Tory leadership races, replacing Sunak in Downing Street should he face a confidence vote.

Mordaunt is reportedly being considered as a unity candidate who could be acceptable to both the Tory right and moderates if there is a last-ditch change in leaders before the election.

She told reporters on Tuesday she was ‘getting on with my job’.

Downing Street refused to say whether the prime minister had held talks with Mordaunt since the reports first emerged over the weekend.

Sunak’s press secretary said she would not ‘get into private discussions between colleagues’ when asked whether the prime minister had spoken to Mordaunt or those calling for a change of leader.

Cabinet minister Esther McVey gave Sunak her full-throated backing, predicting that he would win any potential Tory confidence vote ‘by a country mile’.

The minister without portfolio told GB News that Mordaunt’s chance of leading the party had ‘gone to bed’ when she ‘didn’t win’ either of the past two leadership battles.

The prime minister’s press secretary was asked by reporters if he was disappointed Mordaunt had not firmly denied being part of a plot to replace him.

She replied: ‘What the prime minister wants is all of his Cabinet ministers and the wider Conservative team to focus on delivering for the country.

‘We have had some really strong news today with inflation falling further, we have seen wages rising, energy bills falling — clearly the economic picture is improving and he wants all of his ministers focused on that.’

The Tories will be hoping the economic shift highlighted by Sunak will aid its poor poll ratings, with Labour enjoying an average lead of about 20 points.

A further 2p cut in national insurance at the Budget failed to move the dial before the blows of former deputy party chairman Lee Anderson’s defection to Reform UK and a Tory donor racism row brought further unwanted headlines for Sunak’s administration.

Labour hit back at Sunak and No 10’s criticism of the opposition party’s record at local and regional authority level.

A party spokesman said: ‘What we are seeing is the result of the government having massively underfunded local government as a whole and the responsibilities that local authorities have been left with in that situation to try and make the best of a very difficult situation.’

source: PA

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