On Monday, September 5, 2022, the British public was inundated with newspaper headlines heralding Mary Elizabeth Truss aka ‘Liz’ as the next Prime Minister of the United Kingdom and the Overseas Territories. She had won the internal election fair and square in a contest against former Chancellor Rishi Sunak.
The votes cast were as follows; Liz Truss 81, 326 votes to Rishi Sunak’s 60, 399 votes.
On Tuesday, September 6, 2022, Queen Elizabeth II, in what would be her last public sighting, invited Liz Truss to Balmoral Castle in order to form the next government. Two days later the Sovereign passed away, plunging the United Kingdom into a period of mourning, and the suspension of the House of Parliament and partisan politics.
Fast forward to Friday, September 30, 2022, Liz Truss and her long-time friend, co-author and newly appointed Chancellor, Kwasi Kwarteng, took it upon themselves, without approval from her Cabinet or Caucus, to unveil their own Mini-Budget.
This Mini-Budget had a key component that allowed high earners to escape paying their fair share of taxes. Not surprisingly, as this is a known trait of conservative parties is to lower taxes for those who are rich, while they cut benefits and services to those who need it the most.
Almost immediately, the value of the Pound Sterling dropped to its lowest value ever. As a result, the banks began hiking interest rates, mortgage lenders cancelled deals in the works, and most working-class people saw their economic woes worsen.
Not sure who her advisors are, but this disastrous policy and its ripple effects came just ahead of the Conservative Party conference in Birmingham. What was meant to be a party-wide coronation for Liz Truss has become anything but a celebration.
A YouGov/Times poll was taken that showed the Opposition Labour Party was now over 30 percent ahead of the Tories. At the same time, over 500,000 persons signed a petition demanding new elections.
Facing this immense public pressure, much of her backbench let it be known, both privately and publicly, that she would face an internal revolt if she did not stop this policy. Leading the charge was former Minister Micheal A. Gove who summed up her actions as “a display of the wrong values.”
In several interviews, Liz Truss was caught without answers to the simplest of questions. Of particular note was the “car crash” interview with Sophie Ridge of Sky News. Anyone watching that painful interview could plainly see that Liz Truss is out of her depth in regards to being able to articulate anything beyond a few talking points.
Ironic as it is, she clearly lacks the personal flair and interview skills of her predecessor Boris Johnson.
On Monday, October 3, 2022, Liz Truss and her trusted Chancellor, fell on their swords and made a U-turn on their policy to give tax breaks to high earners. As the Tyler Perry Character Madea would say, “she was a day late and a dollar short.”
The political die has already been cast.
Within one month, Liz Truss has destroyed what little credibility she had, and dragged the Tory party down in the polls to a point they most likely will not recover from before the next General Election.
What a difference a month makes.
On Friday, September 30, 2022, Liz Truss, right, and her long-time friend, co-author and newly appointed Chancellor, Kwasi Kwarteng, left, took it upon themselves, without approval from her Cabinet or Caucus, to unveil their own Mini-Budget.