Why Kwarteng’s next fiscal event will have to be brought forward
Spectator (UK)MAR 19 2023
The Spin
Left narrative
Truss was never going to make a good PM, and it's now too late for her to be just an ordinarily bad one. Her lackluster speech saw her avoid responsibility and refuse to apologize, likely losing what little support she had left. It's clear that time's up for the self-serving Conservative party, which has demolished its credibility completely.
Right narrative
The antigrowth coalition has wrongly, albeit successfully, pointed its finger at the government for the current — and worldwide — economic turmoil, and Truss has foolishly submitted to its pressure. Rather than sticking with the government's original agenda, the embattled PM has embarrassingly backpedaled — a futile and dangerous move that won't see a recovering economy. U-turns on tax cuts aren't the answer.