The danger for the Chancellor is that he and the markets are now engaged in a game of chicken – and that, as someone or other put it, “you can’t buck the market”.
A rough and ready look at the Government’s junior appointments, with an eye for who backed whom in the contest.
It’s worth pausing to take in the scale of how radically our new Prime Minister may be willing to break with the Thatcher-Cameron continuum, and a Conservative consensus that has held for the best part of half a century.
An Ambassador told me last week that there has been no funeral like it in living memory: not that of J.F.Kennedy, nor of Nelson Mandela, nor even of Winston Churchill.
“‘Rift’ claims as Treasury Chief retires,” the Independent reported in 1998, after Brown eased out Terry Burns.
If it is hard to work out what one man – Putin – would settle for, it is even harder to work out what an emerging democracy – Ukraine – would do.
Macron was right to say that while Queen Elizabeth was our Queen, to the world she was The Queen. That this became so wasn’t inevitable. How and why did it happen?
Much has been written about Queen Elizabeth’s Christianity – and rightly, because it was part of the very stuff of her. But it was Christianity with a particular, personal twist. She will have believed all her life that she was called to the throne.
What a Prime Minister has a right to do it may not be wise for them to do. But let no-one accuse Truss of not knowing what she wants.
I’ll be looking at these changes mainly through four lenses: balance, experience, capacity and authority. Who did each member vote for? What experience do they have? How able are they – and who turned down a job?
Expectations of the new Prime Minister are so low that the only way for her may be up. The Conservatives need her to succeed. Far more importantly, so does Britain.
She knew one big thing: economic policy must change. He knew lots of little things – but not enough to make a late surge count for a slower start.
172,437 people were eligible to vote and there was an 83 per cent turn out. Truss won 81,326 votes and Sunak 60,399.
But there are truths in life – for example, that a stich in time saves nine, beggars can’t be choosers…and that you can’t spend more than your earn. His premiership ends with record spending and taxes.