"Delivery, delivery, delivery." shows how bereft she is in terms of a vision. Deliver what, exactly?
She grew up Labour and CND. Flirted with the Lib Dems. Then settled on the Conservatives.
She styles herself on Margaret Thatcher, but she's the opposite of Thatcher.
Thatcher was a conviction politician. Truss, as described by Nicola Horlick, is interested
in power for its own sake. Not what she can do with it.
I suspect that when Liz Truss walks into a room. Nobody notices. Charisma and presence
matter. These qualities will help you bind people to you. She has none of this.
According to Horlick. On one day she was an ardent Remainer. Literally, the next she
was a committed Leaver. This wasn't about conviction. According to Horlick, this was
about the likelihood of achieving power.
Apparently she enjoys being compared favourably to Thatcher. Hence the awkward photo
ops on tanks etc. Like Boris, who wanted to make believe he was another Churchill. I would
suggest that only someone with no identity of their own, would try so hard to be seen as
somebody else.
What is her vision for the cost of living crisis? To throw more money at the problem.
100's of billions of money that we don't have. So we borrow. But our debt to GDP ratio
is almost the highest its been since WWII. It was only slightly higher during the pandemic.
The trouble is. We have to service our debt via interest payments and BoE interest rates are
set to double over the next year or two.
Inflation is the highest its been for forty years and you can't spend your way to lower inflation.
You cut spending and increase taxes, to lower demand in the economy. Trouble is, we are predicted
to enter a period of stagflation at the turn of the year. Low growth, higher unemployment and
higher interest rates. Households spend less. Lowering demand further.
Truss's only 'choice' may indeed be to throw money at the problem. She is rumoured to be discussing
price subsidies with the energy companies to the tune of £90-100 Bn +. To make that work, she must
get cast iron agreement from the energy companies to maintain current pricing into 2024.
Simultaneously, she must bear down on wage increases, to lower inflation.
We will still have a recession. But one that hopefully, we bounce back from in a year or two.
Obviously, much depends on global commodity prices. So Truss will have to act with other governments
to lower these asap. If that doesn't happen. Then throwing money at domestic energy costs may not succeed.
What is certain is that if the government cuts taxes, then UK plc will have less money for the NHS and social care. Justice. Defence. Infrastructure. Agriculture. Levelling up. Will notions of improving social equality be sacrificed for UK plc? Probably.
All of Truss's career, she has done what is best for Truss. Will she suddenly change and put country before party and self? If she succeeds in leading the country through the next year, through the coming recession. Will Boris, Priti and others attempt to oust her, before the 2024 general election. Of course they will. Its not the divided opposition she has to fear. But her enemies on the backbenches behind her.