Politics

Gosh! Cripes! Gazooks! It seems that those tireless seekers of truth at the Guardian have done it again. They’ve stumbled on something of a scoop: so toxic is new Prime Minister Liz Truss that even her former colleagues don’t want to vote for her. This afternoon the newspaper published a scathing piece by Nick Boles, the MP for Grantham and Stamford between 2010 and 2019. Headlined: ‘I was a Tory MP, but Truss and Kwarteng have convinced me to vote Labour’ it opens with this gem: ‘Liz Truss and Kwasi Kwarteng possess a level of intellectual self-confidence usually found among undergraduates. They always have’ before rattling through 30 years of British economic

What’s the sign of a successful Budget? Chris Philp, the new chief secretary to the Treasury, gave his answer moments after Chancellor Kwasi Kwarteng’s statement last Friday: a strong pound. ‘Great to see sterling strengthening on the back of the new UK growth plan,’ he tweeted out. A (temporary) rising pound made sense to Truss supporters, who argued that markets would support their transition to a lower-tax, higher-growth economy. This was, they thought, their vindicating moment. The moment didn’t last. Within minutes, the pound had entered a steep descent and UK borrowing costs surged. But Kwarteng is not a politician who panics. Instead of staying in the office and trying

Vice-chancellor Stephen Toope claims it was ‘inevitable’ that a university ‘as long-established as Cambridge’ would have links to slavery. Now that faculties gorge on racial guilt as Cambridge dons once famously feasted on roasted swans, what was really inevitable is that a body christened ‘The Advisory Group on the Legacies of Enslavement’ would find links to slavery. Why, it must have frustrated the authors of the report released last week that their three-year inquiry didn’t manage to dredge up any evidence that the university ever directly owned slaves or plantations. Rather, it’s the money that was tainted; lucre having always passed through dirty hands somewhere along the line, there’s no

When Liz Truss scheduled her mini-Budget for the Friday before Labour conference, there was concern in Keir Starmer’s office. After months of meticulous planning, Starmer’s team feared the new Tory government would use their event to upstage his and distract from the party’s annual gathering in Liverpool. They were right to think that Kwasi Kwarteng’s statement would dominate the headlines; what they didn’t realise was that this would work entirely to their advantage. The market chaos provided the perfect backdrop to Labour conference: it reinforced a belief that, after 12 years in the cold, Labour is finally on the cusp of power. They can now present the Tories as the