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Westminster Watchers are eager for Liz Truss’ promised return to the political frontier.
The former prime minister makes no excuses for what she believes are the only paths to long-term prosperity on her policy agenda, including tax cuts, deregulation and free trade. Upon returning to public view, Truss admits her timing was all wrong, leading to her downfall as prime minister.
Nonetheless, given the turmoil her seven-week tenure has unleashed in financial markets, her return is likely to attract the attention of some voters, with interest rates expected to continue today. Has a prime minister who was a terrible failure in power have the right to preach to his successors on how to turn the economy around?
However, Mr. Truss’ potential contribution cannot be completely written off. This week’s dire economic forecasts by the International Monetary Fund show that her warnings about the risk of secular stagnation were worryingly accurate, and the crisis in public services has made her the bottom line about the need for reforms there too. suggests that it may have had
Politically, Conservative MPs’ main gripe with Rishi Sunak is that he is too cautious, and the new policies he implements are all but likely to make a difference in the country by the time of the next general election. maybe not.
Mr. Truss knew that time was short and quick action was essential.
Britain’s shortest tenured leader is always a cautionary tale. But if the UK cannot escape its current low-growth trap, it may become something of a prophet.