Boris bottles it

So, the Tories have the coronation they were looking for, as Rishi Sunak ascends to the premiership by default. Penny Mordaunt failed to generate enough enthusiasm among her colleagues, while Boris Johnson belatedly realised that presiding over a hopelessly divided party might be more hard work than he cared to take on.

What will PM Sunak have to offer a fearful country in its hour of need? It’s hard to tell, since he did not deign to put his platform before the electorate (and he has indicated that he has no plans to do so in the immediate future), but it seems likely that he will attempt to reassure the markets with another round of austerity. He may find the population less amenable to this approach than he imagines. Political and economic stability still looks some way off.

Déjà Boris

I guess an indication that one is living through a true political crisis is when things that seem inconceivable one day appear to be inevitable the next. Thus it is that the country is bracing itself for the return of Boris Johnson to the head of government.

It’s not quite a done deal, as there are plenty in the influential circles of his party who recoil at the prospect of Johnson’s rehabilitation, but he does look likely to secure the 100 nominations that would probably be enough to put him into a head-to-head contest with Rishi Sunak. Since the final decision will once again be taken by the Conservative membership, the body that saw no problem with Prime Minister Liz Truss, Boris may soon be settling back into Number 10.

Would this development make a general election more or less likely? Johnson can just about plausibly claim that no vote is needed, as he already has a mandate from the public, which would offer nervous Tory MPs some hope that they could avoid a reckoning with the electorate until their poll numbers were a little less catastrophic. Whether the country would stand for that is another question of course; I for one would be out on the streets should we be denied an opportunity to express our democratic judgment on the situation, and I’m sure many of my fellow citizens feel the same. The country would become ungovernable, at just the time when some competent government is needed to avoid disaster.

As has been the case on many occasions in the last few years, we are left to hope that those in power have the wisdom to put aside narrow interests and do what is right for the whole population. Since our experience has been that they invariably do not, we would perhaps be better to start thinking about securing the power to do so ourselves.

Detrussed

So it turns out that fear of the electoral consequences of ditching a second leader this year was not enough to reconcile Conservative MPs to a continuing Liz Truss premiership. After 24 hours of chaos notable even by recent standards she has gone, her 45 days in office at least giving her a place in the record books as the UK’s shortest-serving Prime Minister.

What now? We are promised an accelerated contest with a new PM before the end of the month, which the Tory Party hierarchy clearly hopes will lead to the coronation of a unity candidate, but which seems equally likely to provoke an escalation of internecine strife. The fact that the return of Boris Johnson is being talked of as a realistic option is an indication of how far from sanity conservative political discourse has strayed. Even if by some miracle someone like Penny Mordaunt emerges from the rubble at the head of a semi-united parliamentary party, it is far from clear that they will be able to either calm the markets or effectively govern the country.

The opposition, the people, and the basic principles of bourgeois democracy are calling out for a general election. Unless the first act of the next Prime Minister is to call one then this crisis will have no end in sight.

On borrowed time

As predicted in this space – and, to be fair, by everyone else who had paid attention for more than 5 minutes – Liz Truss has been forced into a humiliating reverse on her signature tax-cuts policy, jettisoning Chancellor Kwasi Kwarteng for good measure.

Any hopes Truss may have had that this display of relative sanity might calm the markets, or quell the discontent within her parliamentary party, seem set to be dashed, as gilt yields have continued to climb, and talk of a challenge to her leadership has if anything intensified. The only thing that might save her is Tory MPs’ instinct for self preservation; few of them would relish facing the general election that would surely be demanded by the nation if they tried to impose yet another new PM upon us.

So I expect that some face-saving compromise will be arranged whereby Truss is allowed to stay in Number 10 for a slightly more respectable period of time before bowing out, on the understanding that real power will lie with new Chancellor Jeremy Hunt and other representatives of Conservative orthodoxy. Since they are exactly the people responsible for getting us into this mess in the first place I’m not optimistic that the lights will stay on this winter…

Truss twists

Liz Truss is making good progress towards her avowed ambition of emulating Tory deity Margaret Thatcher, but unfortunately for her she seems to have skipped over the Iron Lady’s glory years, and gone straight to running into trouble with an ill-advised fiscal policy.

Opinion in the press is divided on whether this development represents a fatal blow to the Truss premiership, with liberal commentators predicting she will be gone by Christmas, while their conservative counterparts try to play the episode down as a mere bump on the road to the libertarian utopia.

My take, for what it’s worth, is that Truss will survive this rocky start, and hold on until the next election, which I think may be sooner than expected, though probably not before next summer. That’s plenty of time to do more damage, like starting a renewed round of austerity just as the country dips into recession, or carrying on a cold war with the EU over Northern Ireland. Or she could abruptly change course on either issue, who knows? We should move beyond reacting to the confused floundering of the bourgeoisie, and just get on with organising to look after our own class interests instead.

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