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Political earthquake in Great Britain: Why did Liz Truss sink?

2022-10-21 19:03:12Kosova&Bota SHKRUAR NGA BARBARA WESEL
Political earthquake in Great Britain: Why did Liz Truss sink?
Liz Truss

Shortest time in office to date: After almost six weeks British Prime Minister Liz Truss resigned. The chaos caused by her faulty economic plan could no longer be dealt with.

In the afternoon (20.10) the news circulated in London that Graham Brady visited the prime minister. The chairman of the conservative parliamentary group is the party's executor, who goes to Downing Street to inform the prime minister that he has lost the confidence of the MPs. This is what happened in 2018 with the imposition of Theresa May's resignation and finally in the summer with Boris Johnson.

The end of a short term

Liz Truss herself had probably requested this meeting, perhaps to persuade him to give her another chance. But what he told her behind closed doors about the atmosphere in the parliamentary group must have been so disastrous that Liz Truss herself announced her resignation. "I understand this situation, that I cannot fulfill the mandate with which I was elected", she said, communicating her resignation.

A long-serving MP on Wednesday night in the lower house of parliament expressed his outrage at the developments of the past few weeks: Charles Walker called the situation "inexcusable, deplorable and a great shame". He also emphasized that there is no turning back from this situation. The state of the government is "disgusting," Walker added, saying he was outraged. When he describes the caucus in this way, it is clear why Truss could not last any longer and with 44 days in office, she broke a record in British history as the shortest-lived Prime Minister in office.

Political stunt

Liz Truss in the summer succeeded in the electoral race within the party, profiled as the favorite of the base of the right of the party. The bad started when she wanted to implement the radical ideas of the liberal market, with which she won the post of prime minister. Its Minister of Finance, Kwasi Kwarteng, presented the budget, which provided for tax cuts for the wealthy while simultaneously increasing spending. Liz Truss called it a blueprint for economic growth. But financial markets saw Britain's financial stability shaken, the pound fell, the Bank of England had to bail out pension funds and raise mortgage rates.

The international echo was devastating, even US President Joe Biden declared that Liz Truss's policy was "a mistake". The prime minister tried to make turns by withdrawing part of the plans. But last Friday she was forced to dismiss the Minister of Finance, who has been one of her closest political friends and actually implemented her political will. He was succeeded by former Health Secretary Jeremy Hunt, who rejected Liz Truss' plans within 48 hours. Hunt announced tough times with a new austerity policy: All tax cuts would be withdrawn and spending would be curbed.

On Wednesday, the chaos reached another climax: During the question session in the lower house, Truss declared, that she is "a fighter, and she does not give up". Shortly after that came the news that Truss also sacked Home Secretary Suella Braverman, a favorite of the Tory right wing. The official reason was a formal error, but in fact it had to do with the prime minister's attempt to open the floodgates to more immigration in order to boost the economy. Bravermann categorically rejected this.

Political earthquake in Great Britain: Why did Liz Truss sink?

With the loss of a second cabinet member, an out-of-control atmosphere in the lower house followed in the evening. Debate erupted over Fracking, but also over a vote of no confidence instigated by the Labor Party. Most Tory MPs are staunchly against fracking, but they felt compelled to vote in order not to oust Truss. The evening ended in shouts and clashes - Tory MPs were left outraged. This circus was apparently the beginning of the end, which in British tradition came with brutal speed.

Return of Boris Johnson?

Until Friday next week, the Conservatives want to decide who will succeed Liz Truss in office. In this situation, the most incredible words are circulating, that Boris Johnson can enter the race again. He is returning from a holiday in Central America and supporters in the party point out that Johnson is the winner of the election, which should lift the Tories out of their dire straits.

Political earthquake in Great Britain: Why did Liz Truss sink?

To what extent the plans for a return of Boris Johnson, who resigned in July, can become a reality, remains open. But the very fact that it is presented as an opportunity speaks volumes.

Former finance minister Rishi Sunak, who does not seem to find much consensus, is also considered a possible candidate, as he is considered the person who overthrew Boris Johnson. In the summer he repeatedly stressed that Truss's financial policy is absurd. Penny Mordaunt is also gearing up for the race, while she is leader of the Tory caucus in the House of Commons, but has no government experience. Meanwhile, the current Minister of Finance, Jeremy Hunt, has made it clear that he does not want this post. There is no sign so far if he will be identified over the weekend as the "unifying candidate" who can unite the divided Tories.

The selection criteria are clear: Candidates must present themselves by Monday, bringing at least 100 signatures. If there is more than one candidate, a debate follows on Monday, followed by online voting by party members. The Conservatives will again vote from the base of the party, which last time made a disastrous election.

Is it time for new elections?

Scottish Prime Minister Nicola Sturgeon believes Liz Truss is just a symptom of a crumbling political system. New elections would be "a democratic necessity". Opposition Leader Keir Starmer finds even stronger words: We are no longer dealing with a Tory operetta. Such an experiment should no longer be done, since the damage caused to citizens is real in the form of rising prices and mortgage interests: "British opinion must have the opportunity to decide for itself, we need new elections."

Conservatives will protect themselves by any means from new elections. Currently, the Labor party in opposition leads the polls with about 30 points against the conservatives./ DW

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