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Some of Liz Truss’ top team say her project may already be over

  • The political honeymoon is over for British Prime Minister Liz Truss after less than a month in power
  • Truss was forced into a humiliating U-turn on part of an economic package that bombed with the markets

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Britain’s Prime Minister Liz Truss listens as Britain’s Chancellor of the Exchequer Kwasi Kwarteng delivers his keynote address on the second day of the annual Conservative Party Conference in Birmingham. Photo: AFP
Bloomberg

Liz Truss will struggle to drive through key parts of the economic revolution she’s planning for the UK because her standing in the ruling party is already so damaged, members of her Cabinet said.

Less than a month into her premiership, the ministers said Truss, 47, has failed to take basic steps to line up support for her plans such as putting them to Cabinet debate, and expressed doubts about the way she manages the ruling Conservative Party. They asked not to be identified criticising the government.

Speaking on the sidelines of the Tories’ annual conference in Birmingham, the ministers predicted she will survive to the next election, due in about two years, because there isn’t enough time to give a new leader a real chance.

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The result, they said, is likely to be more rebellions from Tory MPs pushing around a lame duck premier, just like the one that forced her into a humiliating U-turn on Monday on her plan to cut the highest rate of income tax.

The stark view suggests the “new economic deal for Britain” launched by Truss and Chancellor of the Exchequer Kwasi Kwarteng may be dead in the water before it has even got going.

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The policy calls for a major programme of deregulation in areas such as house building and childcare, alongside tax cuts.

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