Thursday, 6 October 2022

LIZ & CO HAVE TRUSS-ED US ALL UP

The calamity of Liz Truss's brief reign as Prime Minister of the United Kingdom could have been penned by a satirist with a particularly dark sense of humour. Indeed, one fancies that P.G. Wodehouse, were he still among us, might have found in Truss's economic policies the makings of a new Jeeves and Wooster escapade, only this time with Bertie Wooster in charge of the nation's exchequer.

Liz Truss, with her penchant for the sartorial blend of Thatcherite blue and a rather more chaotic economic palette, has managed to etch her name into the annals of British political history not for her competence, but rather for her spectacular failure. Her tenure, which lasted but 44 days, was marked by a series of fiscal missteps that one might describe as an attempt to play Jenga with the economy while blindfolded.

The so-called "mini-budget" was less a budget than a fiscal kamikaze mission, piloted by Truss and her erstwhile Chancellor, Kwasi Kwarteng. Their plan, if one can stretch the term to fit, involved tax cuts for the wealthy so vast they seemed designed more for an alternate reality where money grows on trees. This economic gambit sent the pound tumbling like a drunken sailor on shore leave, and mortgage rates soaring to heights previously reserved for the peaks of Everest.

The chaos was such that even the sober-faced folk at the BBC took to the airwaves with a touch of levity not seen since the days of Monty Python. They set Truss's political demise to Rihanna's "Take a Bow," which, in its own way, was more fitting than any official statement could have been. 

What's more, Truss's fall from grace was not just economic but also personal. Her cabinet seemed more like a revolving door at a particularly busy London café, with ministers coming and going with such frequency that one might have thought they were auditioning for a reality TV show rather than governing a nation.

In her resignation, Truss left behind a government in turmoil, a party in disarray, and a public whose faith in the Conservative leadership had been stretched thinner than a slice of ham in a schoolchild's sandwich. Her departure was as swift as her arrival, leaving many to ponder if perhaps the greatest trick she pulled was convincing anyone she was fit for the job in the first place.

And so, the curtain falls on Liz Truss's brief and bewildering act on the political stage, where she has, in her own unique way, truss-ed up the nation in a knot of confusion and economic disarray. One can only hope that the next act will bring a director more adept at handling the delicate balance of governance and less inclined to treat the treasury like a Monopoly bank.

In the end, one might say that Liz Truss did not so much govern as she did perform a high-wire act without a net, and the audience, in this case, the British public, watched in a mix of awe and horror as she plummeted. But fear not, for in the grand theatre of British politics, there's always another act waiting in the wings.