Liz Truss

PEOPLE

Liz Truss and the British Premiership

Mary Elizabeth Truss served as the Prime Minister of the United Kingdom for a period of 45 days in 2022, the shortest tenure in the history of the office.

Her leadership followed a contest within the Conservative and Unionist Party where she defeated Rishi Sunak on a platform of significant tax reductions and deregulation designed to combat a decade of economic stagnation.

This premiership was immediately marked by the death of Queen Elizabeth II, which necessitated a period of national mourning and delayed the implementation of her legislative agenda. The subsequent introduction of a fiscal programme, often referred to as the mini-budget, triggered substantial volatility in financial markets and led to a rapid loss of political authority.

Economic Policy and the Mini-Budget

The core of her economic strategy involved three priorities: growth, growth, and growth. This agenda was formalised in September 2022 through a series of reforms, including the reduction of the basic rate of income tax to 19 pence and the reversal of a planned increase in corporation tax.

The objective was to create a more competitive investment environment and signal that Britain was open for business. However, the announcement led to a sharp depreciation of the pound and a surge in government debt yields, making borrowing significantly more expensive.

A critical factor in the market instability was the vulnerability of Pension funds to liability-driven investments (LDIs), which faced massive cash calls as interest rates rose.

The Bank of England failed to properly regulate these instruments, and their subsequent collapse necessitated an emergency intervention by the central bank.

External criticism also arose from the IMF - International Monetary Fund - and United States President Joe Biden, further undermining the fiscal plan,,. Consequently, the Chancellor of the Exchequer, Kwasi Kwarteng, was dismissed and replaced by Jeremy Hunt, who proceeded to dismantle nearly the entire economic package.

Assessment of the British State and Bureaucracy

Analysis of the failure of this premiership often focuses on the role of the permanent bureaucracy and unelected institutions, frequently referred to as the blob or the deep state.

Power is seen to have been outsourced from elected politicians to unaccountable bodies such as the Bank of England, the Office for Budget Responsibility (OBR), and the Judiciary. The OBR is specifically critiqued for using static economic models that allegedly favour tax increases over supply-side reforms and undervalue the long-term benefits of deregulation.

Truss found the Civil Service had been captured by a left-wing groupthink that actively blocks the mandates of conservative governments. This institutional resistance is attributed to the Constitutional Reform and Governance Act 2010, which made it increasingly difficult for ministers to direct or dismiss civil servants. Adding to the Deep State adherence to the Human Rights Act which has hamstrung governments post Blair.

Such a system creates an environment where politicians are held responsible for outcomes they lack the power to control.

To restore democracy, Truss feels a return of significant powers to Parliament is needed, alongside the ability for the executive to appoint senior officials who are aligned with the government's mandate, similar to the system used in the United States.

Legal and Constitutional Framework

She sees the current British legal structure as a primary obstacle to national sovereignty and effective governance,. The Human Rights Act and the European Convention on Human Rights are the key mechanisms that prevent the deportation of illegal immigrants and foreign criminals, thereby undermining the rule of law.

The Constitutional Reform Act 2005 is another detrimental piece of legislation that created a Supreme Court and removed the Lord Chancellor's power to appoint judges, leading to a judiciary that is self-appointed and increasingly political.

Decisions that were historically the purview of elected officials, such as migration policy, now frequently sit with the judiciary through judicial reviews. Truss later called for the repeal of these acts to restore traditional British liberties and ensure that the legal system is accountable to the public through Parliament.

Geopolitics and Global Ideological Trends

Geopolitical assessments suggest that Western civilisation faces a critical ten-year window for preservation against decline. This decline is attributed to a Globalist elite, often associated with the Davos forum, which prioritises internationalist ideologies over the interests of the nation-state.

These ideologies include environmental extremism, such as Net Zero policies, which are argued to have caused the highest energy prices in the developed world and decimated domestic industries like steel and manufacturing.

The rise of islamism is noted as a significant internal and external threat to social cohesion, with concerns raised about the election of separatist representatives and the existence of Grooming Gangs that were reportedly ignored by authorities due to political correctness.

Comparisons are drawn to the political shifts in other nations, such as the election of Donald Trump in the United States, Javier Milei in Argentina, and Nayib Bukele in El Salvador, as examples of a growing popular demand for radical systemic change.

Future Outlook and Structural Reform

The state of Modern Britain is frequently described as one of decay, characterised by economic stagnation, failing infrastructure, and a lack of social accountability.

Reversing this trajectory requires more than a change in leadership; it necessitates a comprehensive counter-revolution to dismantle the existing bureaucratic and legal settlement. Key proposals for national renewal include the repeal of the Town and Country Planning Act 1947 to resolve the housing crisis, the expansion of fracking to ensure energy independence, and the reduction of the state's share of the national economy.

Economic stability is also linked to the concept of sound money, with a critique of the Bank of England’s quantitative easing programmes which fuel inflation and asset price spikes.

Truss sees the potential of decentralised technologies like Bitcoin is a means to return financial power to individuals and bypass the surveillance state.

Ultimately, the restoration of the United Kingdom is seen as dependent on the mobilisation of a popular movement capable of challenging the vested interests of the governing elite.

She came to see the governance of the nation as a struggle between a stagnant institutional orthodoxy and a necessary radical reform movement aimed at restoring growth and national sovereignty.

The failure of the 2022 administration is evidence of the depth of the systemic challenges facing any government that attempts to deviate from the established political and economic consensus.