All the latest analysis of the day's news and stories
Unless Her Majesty throws us all a curveball, Liz Truss will be the next prime minister. So let’s knock something on the head here and now: she is under no obligation to call an election before January 2025. The replacement of one prime minister with another in the middle of a parliamentary term is not
Look at the chart for interest rate expectations in isolation, and you might come to the conclusion that Rishi Sunak is right about Liz Truss’s fiscal policies. In June, markets were expecting rates to peak at around 3.5 per cent next year; now they are expecting them to reach close to 4.5 per cent. Moreover,
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Liz Truss has won the Conservative leadership race, and will become Britain’s prime minister tomorrow. In a speech in Westminster this morning, after finding out the result, Truss paid tribute to Boris Johnson, promised to ‘govern as a conservative’ and said she would ‘deliver, deliver, deliver’. What should we expect from the first days of
This lunchtime Liz Truss has been announced as the new leader of the Conservative party. After a contest that spanned the summer, the chair of the 1922 Committee Sir Graham Brady announced the result, with Truss winning 81,326 votes to Rishi Sunak’s 60,339. Some 654 votes were rejected, suggesting spoiled ballots. This means Truss won with
Can we all take a moment to marvel at the courage of Joe Lycett? Imagine the cojones it must take to go on the BBC and make fun of the Tories. How truly stunning and brave. Roll over Lenny Bruce and Bill Hicks – there’s a new comedy insurgent in town. I’m being sarcastic, clearly.
The new Prime Minister’s honeymoon starts and ends today. Once Liz Truss formally enters Downing Street tomorrow she will be under pressure to tackle the enormous economic crises facing the country, with very little time to announce her policy plans. Truss herself has pledged to reveal her plan for rising energy bills within the first
Liz Truss’s victory in the Tory leadership race was based on her ability to portray herself as the candidate for both continuity and change. She stressed her loyalty to Boris Johnson; and emphasised that her administration would continue his policies in various key areas. Yet she also depicted herself as a change candidate on the economy, promising
Liz Truss has won the race to become Tory leader and Britain’s new Prime Minister. Truss, who was the runaway favourite to win, defeated her rival Rishi Sunak by 81,326 votes to 60,399 – a margin of 57 per cent to 43 per cent. She will take over from Boris Johnson tomorrow, after flying to Balmoral to see
Labour will attack the new prime minister from the left and the right. From Liz Truss’ exposed left flank, Labour and the majority of the electorate will hammer her for not extending the windfall tax to cover the estimated £170 billion in profits Vladimir Putin has gifted gas and electricity generators. Do not imagine for a
Britain’s children go back to school this week. But after months of chatter about grade inflation and the harmful effects of lockdown on learning, is it parenting, rather than schooling, that actually needs attention? New polling reveals that one in ten younger parents think it’s down to someone else to teach their pre-school children to
Levelling up is probably not even in the top tier of Liz Truss’s intray for this week, given the pressure to do something big on energy bills, and then to address the multiple other crises including the NHS, the Northern Ireland Protocol and Ukraine. But what she does with her predecessor’s flagship policy is a
It will be expensive. It will last far longer than anyone expects. And it will distort the market even more than it already is. Barring a major upset, Liz Truss will move into No. 10 Downing Street later today. Once she’s there, Britain’s new prime minister will have little choice but to take control of soaring energy
The Westminster WhatsApps are ablaze this morning with the age old question: who is up and who is down? With Liz Truss’s coronation expected just before lunchtime, attention has turned to the identity of her new cabinet. The dynamics and timing of the contest have meant the last few weeks of this election has become
Many years ago, when the earth was young and leaving the European Union was a position espoused only by those trying to stay on the right side of Bill Cash at a drinks party, Ken Clarke stood for the Tory leadership against Iain Duncan Smith. He said one memorable thing while making his doomed bid
After months of speculation and handwringing, it has finally happened: Germany and the rest of Europe are now receiving no natural gas through Nord Stream 1. Aside from how the continent manages to survive this winter, Russia’s moves to shut off supply through its pipeline will have serious long-term ramifications. One of the most significant
Liz Truss is right about sex and gender. But if she is to get the country through the next winter she needs to think again about her ‘bonfire’ of workers’ rights. ‘I’m a plain talking Yorkshire woman,’ Truss said at a hustings in Cardiff, before announcing, ‘I know that a woman is a woman.’ Circular
A vital part of gamesmanship, according to the British author Stephen Potter, is to disconcert your opponent before they have joined the game. True to form, gamesmanship has already begun in earnest on one matter likely to be high up in Liz Truss’s pending in-tray: the Northern Ireland Protocol negotiations. It comes both from the EU
‘It’s fair to give wealthiest more money back – Truss’. That’s the headline on a BBC News story following Liz Truss’ interview with Laura Kuenssberg today, where she was asked about the merits of cutting National Insurance. Don’t worry if you missed the headline though. You’ll get plenty more chances to see it when Labour MPs
As someone who has been banging the drum for Westminster to legislate to secure the Union, it might seem churlish to gripe when legislation is proposed. In my defence, I am Scottish: churlishness is my birthright and griping my national pastime. So allow me to explain my grievances with the referendum act, which the Sunday Times
Well, that was…interesting. The BBC’s flagship political interview show, hosted first by Sir David Frost then by Andrew Marr, relaunched this morning under Laura Kuenssberg. On paper, she had it all sorted: she secured an interview with leadership frontrunner Liz Truss after she had pulled out of one with Nick Robinson just days before. It
Liz Truss: ‘I will act immediately’ on energy bills The Sunday interview shows have returned just in time for the conclusion of the Conservative leadership contest. This morning, both candidates for the top job appeared on a revamped BBC programme opposite Laura Kuenssberg. With the last votes cast on Friday, the expectation is that Liz Truss
What are the police for? The answer used to be obvious – to solve crimes and catch criminals. But now, I’d seriously have to think about it; going on the evidence of recent years, I’d probably conclude that they’re being paid to have a laugh, signal virtue and, of course, dance. Plod’s attempts at ‘getting
What help will Liz Truss provide households and businesses with the coming cost-of-living crisis? That’s the question the frontrunner of the Tory leadership was pressed on as the Foreign Secretary appeared on the BBC’s inaugural Sunday with Laura Kuenssberg show. After ducking out of a planned interview earlier this week with Nick Robinson, Truss once
Much of the cost of running our universities and other centres of higher education is borne by government, meaning the taxpayer. Therefore, to reciprocate, one of the main responsibilities of these institutions should be to produce graduates who meet the needs of society. This is not to suggest that we should exclude the ‘follow your
The UK economy has so far held up reasonably well in the face of the rise in energy prices. But the latest data suggest a weakening has begun and the economy faces an enormous potential further shock. For households, the latest price cap announcement means a rise in energy bills of around 80 per cent
A paradox about Mikhail Gorbachev for my generation of Russians – I was seven years old when he became general secretary in 1985 – is that he will be remembered as both liberal and killjoy, an uneasy combination that left him at times making enemies in all directions. The first is easy enough to understand.
Poland commemorated the 83rd anniversary of its invasion by Nazi Germany this week. To mark the occasion the leader of the country’s ruling Law and Justice (PiS) party, Jarosław Kaczyński, announced that Poland was once again seeking reparations for the invasion from Germany. Speaking from the Royal Castle in Warsaw, Kaczyński unveiled a report which
The Tory party is very good at pointing out — and profiting from — how the Labour party often values ideology over power, making the choice to eschew government for comfort zone politics. Liz Truss herself, who, bar some catastrophe, will be announced as the new Tory leader tomorrow, once made this point rather bluntly at
If you went to Doha this summer, you may have seen some militiamen from Chad. Perhaps at breakfast. For the last few months, 300 downtrodden tribesman, disaffected politicians, and madmen with guns have been staying in the city’s Sheraton Grand hotel, negotiating peace with the Chadian government. Three weeks ago they signed a ceasefire and
Liz Truss’s statement that she would never authorise another lockdown and The Spectator’s interview with Rishi Sunak have triggered a new debate about whether the lockdowns of 2020 and 2021 were justified. The most widely discussed positions are that lockdown occurred too late or that there should never have been any lockdowns at all, alongside
We are living through an energy crisis unlike anything since the oil shocks of 1973 and 1979. The average household energy bill is set to reach over £3,500 a year. Businesses are already going bankrupt as they face ruinous costs. And inflation, driven in part by high energy prices, is expected to hit 10 per
Boris Johnson has recently employed the services of the lawyer Lord Pannick, who has given his legal opinion on a House of Commons investigation into Boris Johnson’s partygate comments. The advice has been published here by the government. It seems to have cost £129,000, which is not expensive, believe it or not, by market rates
Rishi Sunak’s interview in last week’s magazine has inspired a lot of comment. Two this week: Lee Cain, ex-No. 10 spin chief, in The Spectator and Robert Shrimsley in the Financial Times, warns about the promotion of betrayal ‘lockdown fables’ promoted by ‘mythmakers’ and ‘lockdown sceptics trying to rewrite history’. He and I discussed this
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James Forsyth speaks to Anthony Seldon, historian and biographer, about how the incoming PM can make their mark before the next general election.