The Conservatives have been in power since May 2010. Their record has been dreadful. This is partly because of adverse circumstances. But it is also because the party is in thrall to an outmoded ideology. On balance, each leader has also been worse than his or her predecessor. Maybe Rishi Sunak will be the “grown … Read more
The writer served as UK minister for culture, communications and creative industries from 2010-16 The latest chapter in the Conservative party’s astonishing post-Brexit psychodrama has delivered the departure of Liz Truss, the shortest-serving prime minister in history. How the Tories come back from this is anybody’s guess. But there will be no return unless they … Read more
Conservative Party is holding a speeded-up race to replace Liz Truss, which will see a new leader — who will also become Prime Minister — chosen within a week. Conservative Party is holding a speeded-up race to replace Liz Truss, which will see a new leader — who will also become Prime Minister — chosen … Read more
The Conservatives have set a high threshold for leadership hopefuls to make it on to the ballot paper for the next party leader. Candidates will have to have the support of 100 MPs — a big jump on the 20 MPs needed to enter this summer’s contest when Liz Truss was chosen. As there are … Read more
Liz Truss’s premiership looks close to imploding after she fired one minister over a security breach and two others were heard resigning amid the fallout from a chaotic parliamentary vote before agreeing to stay in their posts. Many Conservative lawmakers now want 47-year-old Truss to resign immediately, a sudden reversal from a widely-held view that … Read more
Breadcrumb Trail Links PMN Business Liz Truss’s premiership looks close to imploding after she fired one minister over a security breach and two others were heard resigning amid the fallout from a chaotic parliamentary vote before agreeing to stay in their posts. Author of the article: Bloomberg News Kitty Donaldson and Alex Wickham Liz Truss, … Read more
The former UK PM has emerged as the number one candidate to replace the increasingly unpopular Liz Truss, a YouGov survey has revealed Former UK Prime Minister Boris Johnson has now emerged as the Tories’ most popular potential replacement for the current head of government, Liz Truss, a new YouGov poll has shown. The survey, … Read more
“The question is when — not if — she goes,” one minister remarked on Sunday, a sign that the mood against Liz Truss is hardening within the Conservative party despite her efforts to steady the government with the appointment of a new chancellor. Tory MPs and ministers will be carefully watching the reaction of markets … Read more
In a single week, Britain has gone from being one among many nations facing fierce economic headwinds to being a financial basket case, its currency plunging, bond yields and mortgage rates rising and pension funds scrambling to stay afloat. One question has repeatedly popped up: why did the mini-Budget trigger such chaos, given that most … Read more
UK chancellor Kwasi Kwarteng has vowed to double down on his controversial tax-cutting drive despite investor jitters, leaving Conservative MPs and traders braced for further market turbulence. Kwarteng said on Sunday that there was “more to come” and insisted that Friday’s announcement of £45bn in tax cuts was just the start. After the announcement the … Read more