In power for just 28 days – and for 10 of them politics was paused following the death of the Queen – it has been the worst possible start for Liz Truss.
A (mini) budget unveiling £45bn of tax cuts without a fiscal framework, precipitating a £65bn emergency bond buying programme by the Bank of England to protect pension funds.
The pound tanked, 1,000 mortgage deals were withdrawn from the markets in anticipation of an interest rates spike.
And then a prime minister who was not the lady for turning, has announced a huge policy U-turn.
So the question for the new prime minister was really a question of leadership – and judgement.
How bad is it and, crucially, can Liz Truss win back control?
She never had emphatic backing from the parliamentary party anyway – Rishi Sunak was initially their first choice.
Can she reassert authority after only 28 days? Is this already a prime minister in office, but not in power?
A tough set of questions after a brutal couple of weeks,…
