Circus of malaise, Lizz Truss Premiership

Long 6 weeks of malaise

A strong feeling of malaise is starting to set in. Unease about the current direction, sense of crisis in the air. Unhappy before things get tough and worse is certainly to come. Tory’s rule comes down to the media, the market, and mortgage holders’ support. Normally a budget doesn’t move the market, but Lizz Truss’ first budget doomed her premiership. Sacking senior civil service officials, refusing to release forecasts, and trying to cherry-pick forecasts. What little political capital she had was gone. Overnight she has caused low mortgage rates to disappear off the market. Causing UK borrowing costs to rapidly increase overnight. The reaction was corrosive, and credibility melted away. While further comments this was just the start caused further damage. Reality forced a huge climb down, destroying everything Lizz Truss said she would do. Feels like the dying days of a prime minister over the first 6 weeks.

Act 2 of the circus

Annoying off every single wing of the party. Straightaway you can smell blood in the air for further U-turns. Bunch of unpopular bills that are due in parliament. Unnecessary authoritarian power grabs, trying to create a mountain from a molehill. Like her predecessor, unforced errors have compounded her already tough job. The Labour party has created a trap. the prime minister decided to trigger it evidently making it worse. Therefore, forcing a none blinding vote on having a debate about fracking. Heavy-handed approach with mixed messages resulted in bullying, forcing MPs to vote with govt. A junior minister floated the idea it was a matter of confidence in the prime minister. Rumours flooded the chamber’s chief whip indeed deputies had resigned. Aftermath this morning is making the party even angrier at number 10.  Could have walked away from the vote.

Drama in Westminster cost of living crisis for rest

At the present time, Lizz Truss is likely to stay in power. Another key point party is desperate to avoid a lengthy leadership race. Over 12 MPs have publicly declared the prime minister should go. As a result, privately MPs have started to discuss what happens next. The lack of a unity candidate is keeping Lizz Truss in power for now. Only 10 days until the UK budget, the prime minister makes the final decision on signing things off. Especially important at the moment, as markets don’t like instability. The cost of living crisis is happening outside of Westminster, feels like a million miles away. The government needs to provide more support but is unwilling to do that. Public opinion has started to change, voters rarely take notice. The first thing to remember impossible to recover once negative impressions are formed.

Given these points matter of when, and who takes the crown. Kingdom in crisis and leadership is desired for the tough choices ahead.