Analysis
Liz Truss triumphs – but she is already running
out of time
Pippa
Crerar
Political
editor
Storm clouds are predicted for her first speech to the
nation, as the new prime minister faces soaring bills and inflation
Mon 5 Sep
2022 19.39 BST
As Liz
Truss addresses the nation for the first time as prime minister on Tuesday
afternoon, she may be forced to do it from the shelter of a grand Downing
Street stateroom rather than at the traditional lectern outside.
But the
thunderclouds forecast to gather over central London are not restricted to the
weather, with the new prime minister facing an economic storm as soaring
inflation and energy bills inflict pain on millions of families and businesses.
A month
ago, Truss rejected “handouts” as the best way to help households through the
worst income squeeze in 60 years, promising tax cuts and economic reform
instead, and has stuck strictly to the script ever since.
But her
ambitions to pursue a Thatcherite approach to the economy have since collided
with the reality of the crisis. The Treasury has drawn up a suite of options
for the new prime minister to pick from, and the favourite – a freeze on energy
bills – involves both big handouts and a huge price tag.
Labour is
gearing up to attack Truss as an ideologue, focusing on her ambitions to tear
up workers’ rights and reduce the size of the state, and with it public
spending on already cash-strapped services like schools and hospitals. They
have today launched a major advertising campaign on billboards across red wall
towns, telling key voters that “she is not on your side”.
Allies,
though, claim that she is a practical, logical politician who has already
demonstrated a Johnson-like ability to transform from from a student Lib Dem
republican to a rightwing Tory culture warrior, and from a Remainer during the
EU referendum to a passionate Brexiter. They suggest she will be able to deploy
this flexibility while in office.
But time is
not on Truss’s side.
The polls,
which already had the Tories trailing Labour by 10 points, slumped even further
on the news of her announcement. A YouGov poll on Monday found that just 19% of
people said they were confident in her cost of living policies, while a huge
67% said they were not confident.
Tory
insiders believe she has a matter of weeks for a policy blitz to deal not just
with the cost of living crisis, but also with all the other domestic challenges
in her overflowing No 10 in-tray.
New leaders
generally experience a healthy bounce in the polls, but if she fails to deliver
this, or even goes backwards, her already restless party will become mutinous.
Yet Truss
supporters warn that she should not be underestimated, saying she is a diligent
and competent minister who has more government experience than almost all her
predecessors and a firm idea of what she wants to do.
One ally
says: “As a leader, you need to be able to take decisions; she can do that.
She’s a hard worker and has no lazy sense of entitlement like Cameron or Boris.
She knows that she doesn’t have much time, but she’s determined to use what she
does have.”
But
alongside her challenging in-tray, Truss also has serious party management
issues ahead. Less than a third of Tory MPs backed her in the parliamentary
round of the contest, and while a few have since rowed in behind her, there
remains deep scepticism towards her right across on the backbenches.
Her plans
to tackle the energy crisis, and to transform the economy to boost growth, will
require legislation, and that means she urgently needs their support. Yet there
is already talk of disgruntled MPs plotting to put in letters to trigger
another leadership contest before she has even entered office.
Truss has
been under pressure to appoint a cabinet that tries to unite the party. But
allies have already rejected such a move, suggesting it would mean giving jobs
to those who had openly criticised her throughout the bruising leadership
campaign.
“She would
be appointing people who didn’t support her. People who very publicly said her
ideas were shit and she’s incompetent,” a senior Tory MP supporter says.
“They’d go
on the Today programme to announce some big new policy, but would be asked
whether they still believed all that about her. If you can’t pass that
credibility test, that makes it very difficult.”
One
loyalist minister adds: “She has made it clear that she’s going to take the
government in a different direction. She can’t have a whole load of people who
are supposed to be on her team saying, ‘That’s mental.’”
The margin
of Truss’s victory – she won the support of 57.4% of Tory members to Rishi
Sunak’s 42.6% – was also narrower than many had expected.
She won by
a lower margin than any previous Tory leader chosen by members, the only one
out of Iain Duncan Smith, David Cameron and Boris Johnson to have secured less
than 60% of the vote. This may not have been the decisive mandate she would
have wanted.
Watchful
Tory MPs are already trading Whatsapp messages about focus groups that suggest
that the better the public gets to know Truss, the less they like her.
Inauthenticity is one of the concerns that has been cited.
The
gathering political storm clouds show no sign of lifting.
.webp)
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