Liz Truss has much more in common with Donald Trump than just the first three letters of his surname.
Despite presenting themselves as “outsiders”, both enjoyed substantial political careers and reached the top of their profession as prime minister of the UKand president of the United States respectively.
In both cases, their periods in power ended in ways that outraged their opponents and many in their own Conservative and Republican parties. Economic chaos brought on by her rash policies forced Trussout of office after just 49 days in 10 Downing Street.
Many thought they were finished for good. But like those who had laughed at their ambitions earlier in their careers, the nay-sayers were wrong again. Both have been reprieved and continue to be respected as forces in their parties.
Trump is currently the narrow frontrunner to beat Joe Biden and win re-election on 5 November, while Truss said this week: “I definitely have unfinished business. Definitely.”
Truss is still an MP and intends to stand again in her safe Tory seat in Norfolk. She was on her feet in the Commons this week to oppose Conservative Prime Minister Rishi Sunak‘s attempts to prevent rising generations from smoking tobacco.
Book promotion
On Monday she will be back in Washington DC speaking at the conservative thinktank, the Heritage Foundation, to promote her grandly titled memoir Ten Years To Save The West.
Advertisement
Most of the book could be more accurately described as Forty Nine Days To Lose My Job,yet Truss is determined to place her personal fate in the context of a wider global ideological struggle. Her final chapter lists “important lessons we can learn so we can win”.
They include “We Must Dismantle The Leftist State”, “We Must Restore Democratic Accountability” and “Conservatism Must Win Across The Free World, Particularly In The United States of America.”
Liz Truss has always been a shape-shifter. Born of left-wing academic parents, she was first heard of 30 years ago as a young Liberal Democrat calling for the abolition of the monarchy. She supported Remain during the 2016 EU referendum before becoming a hard Brexiteer.
Right-wing populist transformation
Her latest comeback tour “confirms her transformation into a radical right-wing populist”, according to Tim Bale, professor of politics at Queen Mary University of London, the author of The Conservative Party After Brexit.
Like Trump, Truss rails against “extremist environmentalist dogma and wokeism”. Her vision of a failing British state which has been “captured by leftist ideas” is of a piece with Trump’s vision of “American carnage” unless he is there to Make America Great Again.
Of course, Truss backs Trump over Biden in the upcoming election. It is not usual practice for former British political leaders to give such a blatant endorsement in a foreign election.
“I think that our opponents feared the Trump presidency more than they fear the Democrats being in office,” she says. “I believe that we need a strong America… the world was safer [when Trump was president]”.
By “opponents” Truss means the “totalitarian regimes in China, Iran and Russia”. Her unwaveringly aggressive stance is probably where she differs most with Trump, and some of his Republican cheerleaders. He openly admires dictators, while encouraging his followers to block aid to Ukraine against Russia.
‘Prime Minister Truss’
All the same, her rhetoric strikes a chord with the cold warriors of the Heritage Foundation who are treating her with the respect she craves.
Billed American-style as “Prime Minister Truss” her hosts describe her as “one of the few British politicians who really understand the United States and the direction America’s conservative movement is taking”.
Heritage’s “Margaret Thatcher Center for Freedom” previously had her over in February to deliver its annual keynote lecture.
In truth, Truss’s knowledge of the real Thatcher seems to extend little further than raiding the dressing-up box for some cosplay photographs when she was foreign secretary and wearing a tank as a fashion accessory.
Truss is odd but so is Trump. Ironclad imperviousness to looking ridiculous is a trait she shares with the ex-president. Both operate in a post-truth world in which what they say and how they act trumps objective facts.
Never to blame
If things go wrong, they are never to blame. Others – especially “Deep State” bureaucracies – have conspired against them.
In her memoir, Truss says that when she was prime minister she did not know about important facets of the national economy such as the vulnerability of LDI pension funds. She condemns the Bank of England for not telling her.
She claims the Office of Budget Responsibility (OBR) and the Treasury did her down even though she did not allow the OBR to review her mini-budget in advance and sacked the Treasury’s top civil servant on day one.
Now she complains about “a mass of quangos, independent regulators, official advisory bodies and assorted public sector organisations constraining and obstructing ministers at every turn”.
She wants to abolish the OBR, the United Nations, the UK Supreme Court and wants the current governor of the Bank of England to resign.
Spreaker
This content is provided by Spreaker, which may be using cookies and other technologies.
To show you this content, we need your permission to use cookies.
You can use the buttons below to amend your preferences to enable Spreaker cookies or to allow those cookies just once.
You can change your settings at any time via the Privacy Options.
Unfortunately we have been unable to verify if you have consented to Spreaker cookies.
To view this content you can use the button below to allow Spreaker cookies for this session only.
Taking absolute power by winning control of conservative factions and crushing any person or institution which stands in her way is the kind of “democratic accountability” she believes in.
Truss’s American friendships extend beyond the Heritage Foundation. She shared a platform at the Conservative Political Action Conference (CPAC) with Steve Bannon, who served as a political strategist in the Trump administration and was subsequently indicted for fraud.
When Bannon described far-right figure Tommy Robinson, co-founder of the English Defence League, as “a hero”, she remained silent. Trump’s friend Nigel Farage, whom Truss said she’d like to see join the Conservative Party, was also at CPAC.
Failed leaders evaded exclusion
The disaster of her premiership should have disqualified Truss from further active involvement in politics. She made the cost of living crisis much worse for most mortgage payers.
Unabashed, she is still receiving a polite hearing in Tory circles – including from the journalists she hand-picked for a limited round of interviews on the book’s publication.
Labour leader Sir Keir Starmer has raised Truss several times with the prime minister at PMQs, referring to the “political wing of the Flat Earth Society” and “the tin-foil hat brigade”.
Sunak replied saying Starmer was “sniping from the sidelines”, with the PM not directly referring to Truss.
However, he previously accused her of “fairytale economics” during a leadership debate.
The Republican Party had a golden opportunity to get rid of Trump after the 6 January insurrection.
He would have been disqualified from future office if the Senate had voted for his second impeachment. Mitch McConnell, the Senate Republican leader, thought about it but then the Republicans decided it was in their best electoral interests to keep him around.
Truss not to be underestimated
In this country there has been a lot of scoffing at Truss’s latest manifestation. It would be a mistake to laugh her out of court.
Follow Sky News on WhatsApp
Keep up with all the latest news from the UK and around the world by following Sky News
Her “unfinished business” includes being a player who will drag the Tories to the right after a general election defeat. She would not need acceptance from the markets or the whole country to become party leader.
She would just need to win over the ageing hundred thousand or so voting members of the Conservative Party. They elected her once before – she was UK prime minister only 18 months ago – and nobody likes admitting they made a mistake.
If Trump manages to be re-elected, their type of conservatism may look appealing to some card-carrying “Conservatives” here.
Truss as leader or senior shadow minister would keep Trumpism alive in this country.
The British Conservative Party would be well advised to think carefully before being trussed up for five years of opposition with her borrowed, far-right, self-obsession.
Sir Keir Starmer has said the Treasury will be “ruthless” in cutting government spending as market turbulence continues.
Responding to a question about the economic situation from Sky News’ political editor Beth Rigby, he said: “The number one mission of this government is economic growth.
“And that was run through the budget, but there’s much more that we’re doing on economic growth, pulling those levers of change.”
Both long-term 30-year and the benchmark 10-year government borrowing costs were up on Monday morning, with the 30-year effective interest rate (the gilt yield) reaching a new high of 5.47% – a rate not seen since mid-1998.
The 10-year borrowing cost reached 4.86%, below the 2008 high recorded last Thursday but at the same levels last seen around the global financial crash.
That pushes up costs for the government, with the chancellor put in a position where she could have to break her self-imposed fiscal rules by failing to bring debt down and balance the budget.
More on Rachel Reeves
Related Topics:
Sterling, which can reflect investors’ confidence in the UK and overall economic health, was also down to a low not seen since October 2023, with £1 buying $1.21.
The dismal economic outlook has prompted warnings mortgage rates could rise in the coming weeks as lenders respond to the turmoil.
In what could be seen as further misery for the British people, the prime minister refused to rule out government spending cuts as he said the Treasury was right to be “ruthless” in cutting spending.
A spending review, due later this year, is expected to require government departments to make efficiency savings worth 5% of their budgets.
Sir Keir told a news conference: “We will be ruthless, as we have been ruthless in the decisions that we’ve taken so far.
“We’ve got clear fiscal rules, and we’re going to keep to those fiscal rules.”
He said the government had “inherited a real mess” of an economy from the Conservative government.
But, he said the government is “going to stick to the fiscal rules”.
“That is a very important thing,” he said.
“We’re determined to bring about that economic stability. And that’s why the fiscal rules are absolutely, absolutely central to what we do.”
Please use Chrome browser for a more accessible video player
1:57
Why is the UK economy in big trouble?
Sir Keir also twice avoided answering whether Rachel Reeves will still be chancellor by the next election in 2029 in the wake of the dismal economic outlook.
“Rachel Reeves is doing a fantastic job,” he said, but would not say if she would remain in post.
“She has my full confidence, she has the full confidence of the entire party.
“She took the tough decisions.”
Please use Chrome browser for a more accessible video player
1:14
Chancellor’s ‘pragmatic’ approach to China
The Conservatives jumped on Sir Keir failing to confirm if Ms Reeves would still be in the job at the end of this parliament.
Leader Kemi Badenoch said: “The prime minister just refused to back his chancellor staying in her job.
“Keir Starmer and Rachel Reeves have driven Britain’s economy into the ground. The markets are in turmoil and business confidence has crashed, yet the chancellor is nowhere to be seen.
“Labour promised stability and instead the City minister is mired in corruption investigations and the chancellor is hanging on by her fingernails.”
Scotland’s former first minister Nicola Sturgeon has announced she has split from her husband, Peter Murrell.
Ms Sturgeon and Ms Murrell met via the SNP and first became a couple in 2003. They later married in July 2010 at Oran Mor in Glasgow.
In a statement posted to Instagram stories, she wrote: “With a heavy heart I am confirming that Peter and I have decided to end our marriage.
“To all intents and purposes we have been separated for some time now and feel it is time to bring others up to speed with where we are.
“It goes without saying that we still care deeply for each other, and always will.
“We will be making no further comment.”
Ms Sturgeon unexpectedly announced she was stepping down as Scotland’s first minister and SNP leader in February 2023 after succeeding Alex Salmond following the independence referendum in 2014.
Mr Murrell, who had been SNP chief executive since 2001, resigned from his post the following month after taking responsibility for misleading the media over party membership numbers amid the leadership race, which Humza Yousaf went on to win.
At the time, he said: “While there was no intent to mislead, I accept that this has been the outcome.”
In April 2023, Mr Murrell was arrested as part of a probe into the SNP’s funding and finances. He was later charged with embezzling SNP funds in April last year.
Ms Sturgeon and ex-party treasurer MSP Colin Beattie have also been arrested and released without charge as part of Police Scotland’s long-running Operation Branchform.
The probe, which has been ongoing since July 2021, is linked to the spending of around £600,000 raised by SNP supporters to be earmarked for Scottish independence campaigning.
Ms Sturgeon continues to deny any wrongdoing. In an interview last month, the Glasgow Southside MSP said she knew “nothing more” about the inquiry and was getting on with life “as best I can at the moment”.
This breaking news story is being updated and more details will be published shortly.