Her salad days are over.
A little after 1:30 in the afternoon on Thursday, London time, Truss resigned after 45 days in office, becoming the shortest-serving prime minister in U.K. history. She was done in by a budgetary fiasco, staff turmoil, and a chaotic scene in parliament on Wednesday, all of which have given Britons the impression of a country in disarray.
Truss delivered her resignation in front of 10 Downing Street, but that was not the image that best captured this moment for Britain. For that, you had to turn to the YouTube channel of the Daily Star. There, at the moment she announced her exit, Truss’ portrait was lowered, face-down, onto a small table. Next to it, a tired-looking lettuce in a wig had
to see if the country’s struggling new leader could outlast a chunk of Tesco produce. She sank; the iceberg remained.Truss was dealt a bad hand and played it badly. She took the reins last month at a difficult time for the Conservative Party, damaged by the scandal-tarnished tenure of Boris Johnson, as well as for her country, which faces high inflation, an energy shortage, and a war in Europe.
When that was over, Truss’s budget chief, Chancellor of the Exchequer Kwasi Kwarteng, announced a radical plan to cut taxes on high earners and corporations. International markets recoiled. The pound fell to its lowest-ever level against the dollar, and borrowing costs shot up as bond buyers expressed their skepticism about the country’s fiscal planning.
But there’s a warning for Labour in Truss’s downfall, too. This time, it worked in the left’s favor that taxing and spending policy in the United Kingdom is subject to the approval of international financial markets. But the chaos that followed the mini-budget might come for any Labour government that attempted to redesign the country’s economic approach.
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