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Martin Ivens

Can Truss Recover as Prime Minister? The Omens Look Bleak

After 12 years in power, the Tories are not inclined to play follow the leader once again.



Source: Bloomberg

Only four weeks into her leadership, all the talk at the Conservative Party conference in Birmingham this week was whether UK prime minister Liz Truss will survive until Christmas. Perhaps that’s par for the course. The Tories are often said to have only two settings: complacency and panic. And panic is now the order of the day.

Can Truss restore calm? The markets barely reacted in the wake of her first keynote speech on Wednesday — a blessing after last week’s hair-raising ride. But only when Parliament opens next week will she find out whether her MPs give a hearing to her persistent gospel of “growth, growth, growth.” Having listened to the chatter in the conference bars and corridors, the omens look bleak.