Politics

Read about the latest UK political news, views and analysis.

The plot to put Rishi Sunak in No. 10

When Rishi Sunak resigned over Boris Johnson’s leadership, he acknowledged that it might be the end of his political career. His dreams of leading the Tory party already seemed over, thanks to his wealthy wife’s non-dom status. In a few short weeks, the Tory party did something quite extraordinary, and forgot about all that. Setting aside what would normally have been a career ending scandal, they very nearly made him prime minister. Now his supporters are trying to engineer something even more amazing: ousting the woman who beat him in the party leadership contest, and installing their man in No. 10. The first step of their plan involves market turmoil

Mark Galeotti

The misconception about Putin’s big red nuclear button

There is a common misconception that the leaders of nuclear states have a ‘red button’ that can unleash Armageddon. As Vladimir Putin continues to hint at the use of non-strategic (‘tactical’) nuclear weapons in Ukraine, there is some comfort in the knowledge that it is not so easy. Ironically, launching the kind of strategic nuclear missiles whose use would likely spiral into global destruction is somewhat easier than deploying the smaller weapons which – however vastly unlikely – could conceivably be used in Ukraine. These lower-yield warheads would need to be reconditioned in one of the 12 ‘Object S’ arsenals across Russia holding them, and then transported to one of

James Forsyth

How far does Jeremy Hunt’s writ run?

Jeremy Hunt is a man who thinks he is in clear charge of government fiscal policy. After Liz Truss’s press conference yesterday which abandoned the corporation tax cut and opened the way to spending cuts, there were briefings to the papers that no more U-turns were coming. But on the media round on Saturday morning, Jeremy Hunt put the whole mini-Budget under review. He was clear that taxes would rise – in direct contradiction of what Truss had said on the campaign trail, spending wouldn’t go up as much as expected and that every department will have to find savings. The Sunday Times is now reporting that the cut in income tax will

What if Jeremy Hunt’s rebooted centrism doesn’t calm the markets?

He will control spending, reverse the few remaining tax cuts that are still in the works, and bring in every kind of official body imaginable to check over all the figures. Jeremy Hunt made the best of a very difficult hand of cards in his first outing as Chancellor on Saturday morning. He was calm, rational, sensible, and conciliatory. His strategy was clear enough. To calm the markets, and buy the government some breathing space while it figures out what to do next. There is a catch, however. What if it doesn’t work? Hunt’s real problem is that he has no plan for growth Hunt’s plans as Chancellor are clearly

Kate Andrews

The Chancellor could take the tax burden even higher

This morning on the media round, Jeremy Hunt followed in the footsteps of Tory chancellors before him warning about the ‘very difficult decisions’ that lie ahead. The new chancellor’s language and tone could easily be compared to George Osborne after the financial crisis, explaining to the country why government spending needed to be curbed. Or to Rishi Sunak, towards the end of the crisis stage of the pandemic, who was constantly reminding MPs and the public about the ‘difficult times ahead’ due to the fallout from economic shutdowns and unprecedented peacetime spending. The crucial difference, however, is that this new talk of spending cuts and higher taxes is in response

We’re in dark days for market liberalism

If there is anything that the swift overturning of Prime Minister Liz Truss’s purported free market revolution has taught us, it is the utter lack of enthusiasm for economic liberalisation à la Reagan and Thatcher across the West right now. Yes, the lousy roll-out of the mini-budget by Truss’s now ex-Chancellor Kwasi Kwarteng played a role in the prime minister’s rapid and multiple U-turns. But bad-PR is only part of the story. Many Tory MPs are plainly comfortable with the economic arrangements prevailing in Britain that successive Conservative governments have not challenged since the Tories returned to power in 2010. For despite the mythologies about nefarious ‘neoliberals’ ruling the world, the

Fraser Nelson

Why Liz Truss failed

The markets did not crash, so there was not a Black Friday in the way some had envisaged. But this certainly was Black Friday for the Tories, a new low in the party’s history, a debacle to rival Black Wednesday but with none of the economic dividends. A new Prime Minister sacks a Chancellor for doing exactly what she told him to, then declares she will implement every single one of the corporation tax rises that she had spent the summer promising to stop. So it now emerges that Liz Truss stood for leader on a false prospectus, promising an agenda she has quickly proved unable to deliver. Her plan

Katy Balls

Jeremy Hunt: there are ‘very difficult decisions’ ahead

Liz Truss made two big moves on Friday in a bid to calm the markets and save her premiership. The first was to announce that she was ditching plans to cancel the scheduled corporation tax rise. The second was that she had sacked her chancellor and long standing ally Kwasi Kwarteng – bringing Jeremy Hunt in as his successor. There have been lots of problems when it comes to the fallout from the not-so-mini Budget but the thing that really focussed minds in No. 10 was a preview of the OBR forecast last Friday which pointed to a financial blackhole as a result of unfunded tax cuts and the energy

Gavin Mortimer

Emmanuel Macron is facing a perfect storm

Contrary to popular myth, on the English side of the Channel, at least, the French can queue. Across the country thousands of men and women have for days sat patiently in their vehicles waiting their turn to fill up their tanks with petrol. Tempers have frayed on occasion, which is no surprise given what is at stake. An opinion poll on Wednesday stated that two in three French people’s livelihoods have taken a hit because of the petrol shortage, a consequence of strike action at four refineries and a storage facility because of a wage dispute. Nonetheless, the same poll disclosed that 42 per cent of people support the strike action,

‘In Russia, there’s just emptiness’: An interview with a Putin draft dodger

Thousands of Russians are fleeing from Putin’s forced mobilisation. To escape from a call-up – and probable death sentence – on the frontlines of Ukraine, men and women are leaving behind their friends, families and possessions. They must dodge patrols and mobile check points at the borders to catch those trying to evade the call up. The lucky ones make it out. But even once these people have escaped Putin’s clutches, the terror and fear endures. I met one of these men, Maxim, in a bar in Tbilisi, Georgia. He and his wife had just fled from Russia, after Putin’s ‘partial mobilisation’ order of 21 September. Though it is now well into October,

Lisa Haseldine

Can Putin successfully drag Belarus into war with Ukraine?

Putin’s war in Ukraine is not going his way. As the screw tightens on him, what options does he have left up his sleeve? There remains, of course, the possibility that Putin could, at some point, choose to deploy nuclear weapons – he himself has threatened this enough times. But there is also Belarus. Controlled by Alexandr Lukashenko, currently in his sixth term as president thanks to an election in 2020 rigged in his favour with Putin’s help, the country has sat on the fringes of the war since it began. On Monday, as Putin launched his latest attack on Ukraine, Belarus announced that, together with Russia, it was deploying a joint regional

Kate Andrews

Is there anything left of Trussonomics?

After two major U-turns over last month’s mini-Budget and the sacking of a chancellor, what’s left of Liz Truss’s economic agenda? Parts of it remain intact. But it’s now shaping up to be significantly different from what the Prime Minister intended when she entered Downing Street. The key assumption behind Trussonomics as it was developed during the leadership race was that the markets would be delighted to lend to the government, on the cheap, to see through its tax-cutting, growth-stimulating agenda. That assumption was quickly killed off after former chancellor Kwasi Kwarteng sat down from presenting his mini-Budget, and the cost paid by governments to borrow began to soar. It

Katy Balls

Five ways the Liz Truss saga could end

How does this end? That’s the question being asked by Tory MPs as Liz Truss’s government finds itself in turmoil once again. The Prime Minister’s decision to axe her chancellor and U-turn on a plan to ditch the corporation tax has only added to nerves in the Conservative party as to how sustainable the current situation is in. It’s clear that different wings of the party are incredibly unhappy with the current leadership. Yet Truss is technically safe from challenge for another year. What’s more, it’s not clear who exactly the party could agree on. Earlier this month, I wrote for the magazine on the scenarios being war-gamed by ministers,

Stephen Daisley

How to stop Just Stop Oil

The National Gallery is home to Van Gogh’s still life Sunflowers. It’s an oil on canvas that, according to the Times, has been valued at £75 million. It is a cherished work of modern European art and one of the most important to come from the post-impressionist movement. This morning, two activists from Just Stop Oil went into Room 43 of the National Gallery and drenched Sunflowers in Heinz cream of tomato soup, before glueing themselves to the wall. One of the young women said:  Is art worth more than life? More than food? More than justice? The cost of living crisis is driven by fossil fuels. Everyday life has become

Cindy Yu

Can Truss calm the markets?

12 min listen

Liz Truss has delivered an 8-minute long press conference confirming the latest corporation tax U-turn and insisting she will stay on as Prime Minister. Did it do enough to reassure voters and calm the markets? Cindy Yu speaks to James Forsyth and Fraser Nelson. Produced by Cindy Yu and Natasha Feroze.

Isabel Hardman

‘She’s just so bad at everything’: Tory MPs turn on Truss

Liz Truss’s Downing Street press conference has made everything worse, as far as Tory MPs are concerned. As soon as it was over, a number of backbenchers who had supported Truss for leader were locked into a call with Thérèse Coffey, the PM’s closest friend in Parliament and the Deputy Prime Minister. Those on the call said it was ‘like a wake,’ with even Coffey sounding ‘broken.’ ‘You could see the loss in her eyes,’ said one. Coffey reiterated the points the Prime Minister had made in No. 10, before taking questions. The ‘wake’ line is one you hear a lot at the moment. A number of MPs who went

Patrick O'Flynn

The spectacular fall of Liz Truss

Is Liz Truss the new Theresa May? A fortnight ago that question seemed unduly insulting to the Prime Minister. Now it seems unduly insulting to the Maybot, whose stage-dancing at Tory conference appears a triumph of liquid movement when compared to the curtsying of the Trussborg at royal audiences. Clumsy is as clumsy does, and Truss is now in a class of her own when it comes to political miscalculation. At least it took May a year to get fully found out in that catastrophic general election campaign of 2017. Truss has managed it in little more than a month. Seeking to impose the agenda of Gladstonian liberalism on the 21st century