Liz truss

The moorings that tie the rulers to the ruled are breaking in the UK. You can hear them snapping during the Prime Minister’s silences. On Sunday morning, the BBC’s Laura Kuenssberg asked Liz Truss a question any democratic leader should be able to answer. Truss and her Chancellor’s folly had sent yields on ten-year guilts up to 4.3 per cent. It had forced the Bank of England to announce an emergency £65 billion bond-buying programme. It had threatened pensions and the finances of mortgage holders. ‘How many people voted for your plan?’ asked Kuenssberg. Silence. A silence long enough for viewers to believe that concerns of democratic legitimacy had not

As I reported this summer, Liz Truss’s favourite historian is Rick Perlstein, the great chronicler of the rise of the new right in its Nixonian and Reaganite forms between 1960 and 1980. She told journalists that she read ‘anything’ he wrote. Interviewers noticed Perlstein’s books on her shelves. In a strange compliment to the American historian, Truss or sources close to her briefed The Spectator‘s Katy Balls with precise (if unacknowledged) quotes from his account of the rise of Ronald Reagan. I sent Perlstein my piece and asked for his thoughts. Let me put it like this: he may be her favourite historian, but she is not his favourite politician. Not

What’s the sign of a successful Budget? Chris Philp, the new chief secretary to the Treasury, gave his answer moments after Chancellor Kwasi Kwarteng’s statement last Friday: a strong pound. ‘Great to see sterling strengthening on the back of the new UK growth plan,’ he tweeted out. A (temporary) rising pound made sense to Truss supporters, who argued that markets would support their transition to a lower-tax, higher-growth economy. This was, they thought, their vindicating moment. The moment didn’t last. Within minutes, the pound had entered a steep descent and UK borrowing costs surged. But Kwarteng is not a politician who panics. Instead of staying in the office and trying

Tonight’s YouGov poll in the Times is brilliant news for Keir Starmer ahead of his conference speech tomorrow. It has Labour 17 points ahead, its biggest lead since the company started polling in 2001. These numbers, following the market reaction to the statement, are an awful start To be sure, the numbers reflect more voter disappointment with the government than a sudden bout of Starmer mania. Some 68 per cent of voters said the government was managing the economy badly. Only 12 per cent thought the ‘mini-Budget’ is affordable. Just 19 per cent said it was fair, against 57 per cent who thought it was not fair. And 69 per

Liz Truss is ready to be unpopular. Or at least that is what the new Prime Minister is keen to suggest. On a media round from New York – where she is attending her first international summit since entering No. 10 – she told the BBC’s Chris Mason: If that means taking difficult decisions which are going to help Britain become more competitive, help Britain become more attractive, help more investment flow into our country, yes, I’m absolutely prepared to make those decisions. ‘Yes, yes I am’, was how she answered Beth Rigby’s question about whether she was prepared to be unpopular. Is this significant? Well, it points to two things. First,

Since becoming the Tory leadership favourite early last month, Liz Truss is used to all sorts of people coming out of the woodwork. Old friends, former allies and even the odd foe have been very keen to share their opinions on Truss, the onetime Lib Dem radical turned Brexit-backing cabinet mainstay. But one person who we haven’t heard much from is Mark Field, her fellow former Conservative MP, with whom Truss had a headline-grabbing affair in the mid-2000s. But now the Camden New Journal have set tongues wagging with a cheeky little piece in this week’s edition about what Field has been up to since leaving parliament in late 2019.

Today’s energy bills announcement was the first really important moment of Liz Truss’s premiership so far – and may prove to be the most important one of her entire tenure. Kate has a run-down of the details of the policy here, but what the plan to freeze the average energy bill at £2,500 a year means politically is that there is a clear dividing line between the Truss government and Keir Starmer’s opposition – a line both of them are very happy to thicken.  A striking thing about Truss’s manner is that she goes headlong into the arguments of her opponents before they’ve even had a chance to raise them.