With half a chance, the economy will recover from this mini-budget crisis – and much sooner than the naysayers are predicting.
The £45 billion cut in energy bills will reduce inflation and lower mortgage rates.
Less regulation – ‘get the barnacles off the boat’ – will have UK plc growing again within months.
But even those who, like me, support the thrust of these measures fear they may have been killed at birth by a botched birth.
The question is whether Liz Truss will survive as Prime Minister to enjoy the fruits of her tax-cut revolution.
With polls showing Labor’s lead of 33 per cent, the BBC’s Laura Kuenssberg yesterday asked former Cabinet Secretary Michael Gove if the month-old Prime Minister could survive a year.
“Oh, I’m sure she’ll be prime minister by this time next year,” he replied, in the tone of a cancer surgeon discussing an incurable patient.
All it took, he suggested, were a few “fixes.” In other words, a very different, non-tax cutting budget
Mrs Truss, a tribute act to Margaret Thatcher, insists there can be no U-turn.
In a finger-wagging on Kuenssberg’s show, the prime minister admitted: “I admit we could have prepared the ground better.”
But the measures are now set in stone, she emphasized. In this case, Mr Gove opined: “Reality knocks [against illusion]“. The government will be forced by market forces and breakaway Tories to change course and reintroduce tax increases.
Suicidal MPs are even calling for a new bloodbath at the leadership three months after they threw Boris Johnson under the bus.
They want Liz out and a single candidate – meaning Rishi Sunak – effectively imposed on the party from above.
split party apart
The ex-levelling-up minister even hinted he would join dozens of rebels in rejecting the mini-budget if it reached the House of Commons.
Mr Gove, the authentic voice of disappointed Rishi fans, is following this week’s Tory rally in Birmingham and spitting venom over what MPs are calling the “clusterf**k budget”.
“The Gover” is considered by many to be the smartest man in politics.
But his judgment can go dangerously wrong.
The mutiny has split the party, not only between Remainers and Brexiteers, but also between Sunak supporters and Boris fans, who will never forgive Rishi for ‘stabbing’ their hero – and for raising taxes in the first place.
split party apart
The feud also takes place between some who want to put Boris back in the spotlight and others who would rather cut their own throats.
An implied rift has also opened up between the neighbours, with Liz Truss openly blaming her Chancellor for the controversial 45p tax cut.
If anything is being undone now, it is this action that is said to have infuriated Red Wall Tory voters.
In half a century of reporting on often ugly politics, I’ve never seen anything like it.
But then neither has anyone else. This is a vicious civil war in which Labor can be the only winners.
Many of the rebels hate each other more than they fear a victorious socialist government led by Keir Starmer, the man who fought for five years to elevate leftwing fanatic Jeremy Corbyn to No. 10.
It is hard to imagine the Tories uniting in time to take a common stance against Labour.
The closest comparison is the painful, slow death of the major government following the collapse of euro preparations in 1992. The economy thrived immediately, but the Tories were never forgiven, falling to the point of defeat and being driven into exile.
In fact, that’s even worse. Major lost to Tony Blair, who never really believed in socialism.
Starmer is the ultimate chameleon, a lifelong Republican posing as a monarchist, a devout leftist posing as a centrist politician, a feminist who insists a woman can have a dick.
Labor is as corrosively divided as the Tories.
Militant union barons are still holding the purse strings.
But Starmer would change the voting rules to keep the hated Tories out forever.
The UK economy would be mired in persistently high taxes, high spending and a sharp fall in borrowing.
This is the nightmare risk Tory rebels must precede their bitter differences.
If their chance of winning the next election is gone, they may live to fight another day.
But only if they stop stabbing each other and start fighting the real enemy. . . Keir Starmer’s crazy lefties.
Worn out promise
SHADOW Chancellor Rachel Reeves yesterday vowed to double the Tories’ huge two-year bailout of gas and electricity bills – by far the largest item in the mini-budget.
But once again she failed to say how Labor would pay for it.
She was trying to deliver on the now flimsy promise of hitting energy giants with an £8billion windfall tax.
But that would leave Labor tens of billions short.
The only possible solution would be for Labor to raid taxpayers’ pockets – or borrow the money, like the Tories.
pathetic. And former economist Rachel is about the best they’ve got.
https://www.the-sun.com/news/6351597/warring-tories-forget-real-enemy-labour/ In 50 years in politics I have never seen anything so ugly as this vicious war in the Tory party – only Labor will win