How long has Liz Truss got left?
14 min listen
Isabel Hardman, James Forsyth and Fraser Nelson discuss the appropriate units of time in which to measure the remainder of the Prime Minister’s tenure…
James Forsyth
James Forsyth is former political editor of The Spectator.
Saturday
Friday
Can Truss calm the markets?
12 min listen
Liz Truss has delivered an 8-minute long press conference confirming the latest corporation tax U-turn and insisting she will stay on as Prime Minister. Did it do enough to reassure voters and calm the markets? Cindy Yu speaks to James Forsyth and Fraser Nelson. Produced by Cindy Yu and Natasha Feroze.
Truss sacks Kwarteng. What next?
13 min listen
Prime Minister Liz Truss has sacked her Chancellor Kwasi Kwarteng and replaced him with Jeremy Hunt. By removing her closest ideological ally. Can she save herself? Kate Andrews speaks to Katy Balls and James Forsyth. Produced by Natasha Feroze.
Kwarteng’s sacking is a warning to his successor
Kwasi Kwarteng’s sacking is brutal – and he was sacked as his letter makes clear. He was a chancellor who wanted to say yes to the Prime Minister, he deliberately did not try and build a power base for himself. But he has now been removed without ceremony, sacked even before he had returned to Downing
Liz Truss sacks Kwasi Kwarteng
Liz Truss has sacked Kwasi Kwarteng as chancellor. It is a truly remarkable development. Truss and Kwarteng were even more part of a joint political project than David Cameron and George Osborne. The mini-Budget was an expression of their joint beliefs: his dismissal is a sign of how bad things really are. Less than six
What will Kwasi do?
9 min listen
It’s one of those flight tracker days here in Westminster as Chancellor Kwasi Kwarteng is about to land from a trip to the IMF in Washington, cut short last night. Is the government about to U-turn on its three-week-old mini budget? If so, will the Chancellor resign? Cindy Yu talks to James Forsyth and Fraser
Thursday
Kwarteng fails to squash corporation tax U-turn speculation
Kwasi Kwarteng has done an interview from Washington which will do nothing to calm speculation about an imminent U-turn on corporation tax. The Telegraph’s Szu Ping Chan reports that: In response to a question about how markets “have improved today because they think you’re about to do a U-turn on corporation tax”, Mr Kwarteng said: “Let’s
Will Truss be gone by Christmas?
14 min listen
After a day of speculation, the rumours that Liz Truss was about to U-turn on more areas of the mini-budget proved untrue. Conservative MPs had a tense evening in the 1922 Committee meeting last night – are there any good options left for the Prime Minister? Isabel Hardman speaks to Fraser Nelson and James Forsyth.
Is Truss about to U-turn on the mini-Budget?
Is Liz Truss about to U-turn? The Westminster grape vine is buzzing with informed speculation that the government is set to abandon more of the measures in the mini-Budget in an attempt to regain the confidence of the market and Tory MPs. I am told that members of Liz Truss’s political team who had previously resisted
Wednesday
Kwasi vs the markets
Warren Buffett famously said that ‘when the tide goes out, you see who is swimming naked’. Now that the tide of easy money has receded, and interest rates have risen, we can see that the UK is exposed. Higher rates are causing acute financial pain to an extent not anticipated for the government, homeowners and
Truss’s tricky time with Tory MPs
Liz Truss has just finished addressing the 1922 committee of Tory MPs. The mood among backbenchers afterwards was mixed. There was surprise among them that there hadn’t been more of an effort by the whips to get supportive questions placed – something which happened even at the nadir of Theresa May’s fortunes. Instead, there were
Is Truss ruling out spending cuts?
9 min listen
Did Liz Truss misspeak or did she mean it when she said that she wouldn’t go ahead with spending cuts, as promised in her leadership campaign? On the episode, Cindy Yu talks to James Forsyth and Katy Balls about what the Prime Minister could have meant, given the need to balance the books to pay
Tuesday
What is the way out for Kwasi?
14 min listen
Parliament is back today and Kwasi Kwarteng is facing questions from the opposition as well as from those within his party. How much pressure is he under? Also on the podcast, looking ahead to another fiscal event at the end of the month, are we heading for a series of departmental spending cuts? What would
Monday
Can Truss heal the divisions within her party?
11 min listen
This morning the Chancellor has announced that the government will bring forward both its medium term fiscal event and the accompanying Office for Budget Responsibility forecast. Will Kwarteng exercise some spending restraint to calm the Bank of England? Also on the podcast, after Truss appointed Sunak ally Greg Hands as Minister of State for Trade
Saturday
How will this end?
17 min listen
Max Jeffery, Katy Balls and James Forsyth discuss Liz Truss’s premiership and walk through the various options being cooked up to replace her.
Friday
Will the OBR torpedo Truss and Kwarteng’s growth plan?
It is easy to forget that tax cuts were meant to be the easy part of the Truss agenda. Far more difficult will be the supply side reforms and the spending restraint necessary to put the public finances on a better path. At the government’s medium term fiscal event, currently scheduled for November 23rd but
Are Truss and Macron now ‘bons amis’?
13 min listen
Liz Truss attended the European Political Community summit in Prague, where her frosty relations with Macron came to a head. Rather than ‘frenemies’, there were signs of thawing relations between the two. After years of diplomatic tensions over Brexit, immigration and energy, can the two leaders kiss and make up? Katy Balls speaks to Isabel
Thursday
Crash course: how the Truss revolution came off the road
37 min listen
On this week’s podcast: As Liz Truss returns from Conservative Party Conference with her wings clipped, has she failed in her revolutionary aims for the party? James Forsyth discusses this in the cover piece for The Spectator, and is joined by former cabinet minister and New Labour architect Peter Mandelson to discuss (01:08). Also this week:
Has Team Boris turned on Truss?
17 min listen
Nadine Dorries, a loyalist to Boris Johnson, has a front-page piece in the Times today, accusing the new Liz Truss government of lurching too far towards the right. As someone who previously backed Liz for leader, is there a growing sense that people wish Boris never left? Also on the podcast, the National Grid has suggested
Opec’s oil cut spells more bad news for Brits
Liz Truss joins other European leaders in Prague today at the first meeting of the European Political Community. Truss’s presence is sensible, a reminder of Britain’s point that it left the EU, not Europe as a whole. It should also help relations with Emmanuel Macron given how much he has invested in this project. One