Wednesday, November 30, 2022
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Liz Truss in front of Parliament this Wednesday to convince to keep the keys to Downing Street

This Wednesday, Liz Truss will have the opportunity to prove to her camp that she must remain in her Downing Street position. Deeply weakened, the British Prime Minister will actually face MPs for the first time since her economic program was abandoned in open country.

This is only her third session of the weekly question in Parliament, but it is already a matter of political survival for Liz Truss in this oratorical exercise with which she is much less comfortable than her predecessor Boris Johnson.

Backsliding on tax cuts

Rejected by public opinion, challenged within his own majority, after six weeks in power, the prime minister is already seeing his authority reduced to shreds. In an attempt to calm the economic and political storm, the 47-year-old head of government had to almost completely reverse the massive tax cuts she had promised in the campaign this summer.

The question and answer session in Parliament will be her first speech since an interview with the BBC on Monday night, in which she said she was “sorry” for her “mistakes” while showing her determination to stay in power.

But is there still time to hope to rectify the situation? According to a YouGov poll, only one in ten Britons have a positive opinion of Liz Truss, one in five among Conservative Party voters. And 55% of majority party members think she should step down, while 38% want her to stay in office. Above all, 32% want to see Boris Johnson return to power, 23% would rather see former Chancellor of the Exchequer Rishi Sunak in Downing Street.

The crisis dates back to the presentation in late September of his then finance minister, Kwasi Kwarteng’s “mini budget”, consisting of massive tax cuts and colossal support for energy bills, which had raised fears of a landslide in the public eye. accounts. The pound had fallen to a historic low and long-term government bond yields had risen. The Bank of England had to intervene to prevent the situation from degenerating into a financial crisis.

The opposition at the top of the opinion polls

The new Chancellor of the Exchequer, Jeremy Hunt, hastily appointed on Friday, on Monday rolled back almost all of his predecessor’s tax cuts, giving the impression that power was now in his hands rather than the leader’s.

In addition, with two years until the next general election, the Labor opposition beats the Conservatives in the opinion polls. Thus, five members of his party have already publicly called for Liz Truss to go. But in the absence of an obvious replacement, the Conservatives are reluctant to engage in a new and lengthy nomination process and are looking for a consensus to agree on a name, but seem far from successful.

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