How are the mighty fallen. Once, Liz Truss was the toast of Canberra, the champion of AUKUS and a Free Trade deal. But now her Liberal allies have lost power in the Australian capital and she herself is a figure of ridicule in No. 10. With her agenda in tatters and ‘Trussonomics’ dead and buried, Britain has become something of an international pariah in the bastions of right-on progressive thinking across the western world.
So it was no surprise therefore that one of the new Labor ministers in Australia used an interview earlier today to slate Truss – the leader of arguably his country’s closest ally. In a discussion about the cost-of-living crisis Down Under, Stephen Jones, the Australian Financial Services minister, said, unprompted, that ‘We don’t want to repeat the mistakes that have had such a devastating impact in the United Kingdom here in Australia.’ He added that you ‘saw in the UK what happens when you have loose fiscal policy and governments don’t get spending under control.

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