Liz Truss joins Boris Johnson on the comeback trail hoping 'uninspiring' Sunak slips up


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February 07, 2023

Theresa May has a lot to answer for. Not least, it seems, the decision by Liz Truss to climb back on the political stage.

According to those around her, the former prime minister has taken one look at the eye-watering sums that May can command on the speaking circuit and she wants it as well. In fact, Truss desires more.

If May can bag a total of £2.5 million since 2019, Truss, who sees herself as having broader appeal and being more of a draw than May, reckons on earning greater amounts.

This is one reason why Rishi Sunak’s predecessor as prime minister is not going quietly.

Those close to Truss say she is inundated with offers to speak, particularly in the US. Indeed, her intervention against China over human rights has prompted further invitations.

The other reason is that Truss genuinely believes she can make a comeback. Difficult to fathom, I know, for someone who was in office for only 49 days, during which time the UK’s standing in the international financial markets all but collapsed and the cost of government borrowing surged.

She is not saying so, not in public anyway. Truss made a point of denying on Spectator TV that she harboured leadership ambitions. That’s not how it works — no politician worth their salt comes out and says what they’re really intending.

Privately, her calculation and that of her advisers, is that Truss’s successor remains deeply unpopular, even among Tory party members. Sunak was not their first choice as leader (it was Truss) and he has yet to remedy that.

Nor has he managed to unite his own MPs, for whom he was first choice in preference to Truss. They remain divided over his pursuit of higher taxes. Little he does smacks of confidence and authority.

Sunak took an age to bid farewell to Nadhim Zahawi as party chairman, even though pretty much the entire country could see his position was untenable.

The resulting mini-reshuffle has similarly taken a long time and does not inspire. Odd for a new prime minister but the feeling persists of someone who has run out of steam already (if he ever had any in the first place), who is acting as caretaker for the next occupant of Number 10.

A poor set of local election results in May, feels the Truss camp, and that could seal the demise of Sunak.

Hence, as well as attacking China, her 4,000-word essay in The Daily Telegraph and the Spectator TV interview. Truss blames the shortness of her reign on a cabal of left-leaning economists and institutions, aided and abetted by unscrupulous bond traders.

Truss does not do self-reflection. It was her failing before. Indeed, it was one of the factors behind the refusal of MPs to anoint her. In short, many of them thought she was bonkers. And it’s her weakness now.

In her eyes, a pinko conspiracy of officials at HM Treasury, Bank of England and Office for Budget Responsibility or OBR, did for her. They saw Truss as a challenge to their orthodoxy that public spending and borrowing should balance as near as possible and that high taxation was the best way of funding the state machine.

In a sense she was correct, but it was lazy group think rather than left-wing. After all, these same institutions threw their weight behind austerity not that long ago.

Truss has a selective memory

Truss was set on a growth agenda. In this, too, she was on the right lines. Unfortunately, she set too much store by lower taxes.

She refused to allow her proposals to be scrutinised by the OBR, even though the office was founded under another Tory premier, David Cameron.

Among the many flaws in Truss’s plan for herself, however, is the looming presence of Boris Johnson

The markets took fright at the scale and speed of what she was doing and the absence of any objective view of her numbers. Her pal, the Chancellor Kwasi Kwarteng, was fired but to no avail. The wheels were in motion and Truss was toast.

Her selective memory chooses to ignore how she and Kwarteng were warned heavily and repeatedly that the markets were already in a febrile, nervous state and the reaction was bound to be sharp and hostile.

It’s possible to apportion some of the blame to Kwarteng. It was his unprompted boast on the Sunday, after the shock unveiling of his tax-cutting measures the previous Friday, that there was plenty more where those came from, which so spooked the markets.

Who, though, appointed Kwarteng? He was Truss’s choice as chancellor. For someone schooled in finance, incredibly he chose to downplay the markets’ likely response. He deserved to lose his job. He was not some lone operator, however, but a key player in the flawed and doomed Truss project.

Ironically, because of her poor execution, the very institutions she criticises have emerged stronger and more influential.

In restating her belief in low taxation as the driver for growth, an unrepentant Truss is deliberately offering herself as an opposite alternative to Sunak. In her view, the country, the world, was not ready for her brand of economics and she paid the price. Now she’s effectively saying, she’d still like to have a second go. And in this she is being assisted by the absence of policies from Sunak.

The order went out some time ago for Sunak’s cabinet colleagues to come up with schemes for growth. There were two requirements: they could not be based on the current approach to managing the economy because that has not generated growth, and they had to avoid the Trussonomic adherence to reduced taxation. Sunak wants his vision to be original — to be his and entirely his own work, in other words. So far, there is nothing.

Among the many flaws in Truss’s plan for herself, however, is the looming presence of Boris Johnson. He too relishes the prospect of raking in millions from appearances and speechmaking. He too regards his premiership as unfinished business. He is pursuing a similar path to Truss — keeping his profile high, watching and waiting for Sunak to fall.

Poor Sunak. He’s not got one but two former leaders to contend with. They both outdo him in terms of personal popularity and they both miss what they had and would like it back. Meanwhile he must run the country while somehow boosting his own rating.

This, against a backdrop of war on mainland Europe, rising energy bills, inflation, a Brexit that has yet to deliver if ever, tensions with China, domestic productivity that refuses to move in the right direction and a swathe of new Northern MPs who constantly demand his devotion to levelling up, a policy dreamt up by Johnson.

Oh, and Sir Keir Starmer and Labour are hounding his every step.

In Johnson’s case, more than 50 members of his government resigned. As for Truss, she was ejected by her own MPs. That should be it for them both.

And yet, it’s the question swirling round Westminster: they couldn’t lead again, could they? The answer ought to be no, but there again, who would have thought Johnson and Truss would have been chosen to lead in the first place?

Nothing is impossible any more.

The biog:

From: Wimbledon, London, UK

Education: Medical doctor

Hobbies: Travelling, meeting new people and cultures 

Favourite animals: All of them 

FA CUP FINAL

Manchester City 6
(D Silva 26', Sterling 38', 81', 87', De Bruyne 61', Jesus 68')

Watford 0

Man of the match: Bernardo Silva (Manchester City)

The specs
 
Engine: 3.0-litre six-cylinder turbo
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Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
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Price: From Dh330,000 (estimate)
Key findings of Jenkins report
  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
  • Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
  • Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
The specs: 2017 Porsche 718 Cayman

Price, base / as tested Dh222,500 / Dh296,870

Engine 2.0L, flat four-cylinder

Transmission Seven-speed PDK

Power 300hp @ 6,500rpm

Torque 380hp @ 1,950rpm

Fuel economy, combined 6.9L / 100km

Founders: Abdulmajeed Alsukhan, Turki Bin Zarah and Abdulmohsen Albabtain.

Based: Riyadh

Offices: UAE, Vietnam and Germany

Founded: September, 2020

Number of employees: 70

Sector: FinTech, online payment solutions

Funding to date: $116m in two funding rounds  

Investors: Checkout.com, Impact46, Vision Ventures, Wealth Well, Seedra, Khwarizmi, Hala Ventures, Nama Ventures and family offices

Ballon d’Or shortlists

Men

Sadio Mane (Senegal/Liverpool), Sergio Aguero (Aregentina/Manchester City), Frenkie de Jong (Netherlans/Barcelona), Hugo Lloris (France/Tottenham), Dusan Tadic (Serbia/Ajax), Kylian Mbappe (France/PSG), Trent Alexander-Arnold (England/Liverpool), Donny van de Beek (Netherlands/Ajax), Pierre-Emerick Aubameyang (Gabon/Arsenal), Marc-Andre ter Stegen (Germany/Barcelona), Cristiano Ronaldo (Portugal/Juventus), Alisson (Brazil/Liverpool), Matthijs de Ligt (Netherlands/Juventus), Karim Benzema (France/Real Madrid), Georginio Wijnaldum (Netherlands/Liverpool), Virgil van Dijk (Netherlands/Liverpool), Bernardo Silva (Portugal/Manchester City), Son Heung-min (South Korea/Tottenham), Robert Lewandowski (Poland/Bayern Munich), Roberto Firmino (Brazil/Liverpool), Lionel Messi (Argentina/Barcelona), Riyad Mahrez (Algeria/Manchester City), Kevin De Bruyne (Belgium/Manchester City), Kalidou Koulibaly (Senegal/Napoli), Antoine Griezmann (France/Barcelona), Mohamed Salah (Egypt/Liverpool), Eden Hazard (BEL/Real Madrid), Marquinhos (Brazil/Paris-SG), Raheem Sterling (Eengland/Manchester City), Joao Félix(Portugal/Atletico Madrid)

Women

Sam Kerr (Austria/Chelsea), Ellen White (England/Manchester City), Nilla Fischer (Sweden/Linkopings), Amandine Henry (France/Lyon), Lucy Bronze(England/Lyon), Alex Morgan (USA/Orlando Pride), Vivianne Miedema (Netherlands/Arsenal), Dzsenifer Marozsan (Germany/Lyon), Pernille Harder (Denmark/Wolfsburg), Sarah Bouhaddi (France/Lyon), Megan Rapinoe (USA/Reign FC), Lieke Martens (Netherlands/Barcelona), Sari van Veenendal (Netherlands/Atletico Madrid), Wendie Renard (France/Lyon), Rose Lavelle(USA/Washington Spirit), Marta (Brazil/Orlando Pride), Ada Hegerberg (Norway/Lyon), Kosovare Asllani (Sweden/CD Tacon), Sofia Jakobsson (Sweden/CD Tacon), Tobin Heath (USA/Portland Thorns)

 

 

The specs

Engine: 1.5-litre 4-cylinder petrol

Power: 154bhp

Torque: 250Nm

Transmission: 7-speed automatic with 8-speed sports option 

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MATCH INFO

Everton 0

Manchester City 2 (Laporte 45 2', Jesus 90 7')

The Farewell

Director: Lulu Wang

Stars: Awkwafina, Zhao Shuzhen, Diana Lin, Tzi Ma

Four stars

I Feel Pretty
Dir: Abby Kohn/Mark Silverstein
Starring: Amy Schumer, Michelle Williams, Emily Ratajkowski, Rory Scovel
 

Gulf Under 19s final

Dubai College A 50-12 Dubai College B

Where to buy art books in the UAE

There are a number of speciality art bookshops in the UAE.

In Dubai, The Lighthouse at Dubai Design District has a wonderfully curated selection of art and design books. Alserkal Avenue runs a pop-up shop at their A4 space, and host the art-book fair Fully Booked during Art Week in March. The Third Line, also in Alserkal Avenue, has a strong book-publishing arm and sells copies at its gallery. Kinokuniya, at Dubai Mall, has some good offerings within its broad selection, and you never know what you will find at the House of Prose in Jumeirah. Finally, all of Gulf Photo Plus’s photo books are available for sale at their show. 

In Abu Dhabi, Louvre Abu Dhabi has a beautiful selection of catalogues and art books, and Magrudy’s – across the Emirates, but particularly at their NYU Abu Dhabi site – has a great selection in art, fiction and cultural theory.

In Sharjah, the Sharjah Art Museum sells catalogues and art books at its museum shop, and the Sharjah Art Foundation has a bookshop that offers reads on art, theory and cultural history.

if you go

The flights

Air Astana flies direct from Dubai to Almaty from Dh2,440 per person return, and to Astana (via Almaty) from Dh2,930 return, both including taxes. 

The hotels

Rooms at the Ritz-Carlton Almaty cost from Dh1,944 per night including taxes; and in Astana the new Ritz-Carlton Astana (www.marriott) costs from Dh1,325; alternatively, the new St Regis Astana costs from Dh1,458 per night including taxes. 

When to visit

March-May and September-November

Visas

Citizens of many countries, including the UAE do not need a visa to enter Kazakhstan for up to 30 days. Contact the nearest Kazakhstan embassy or consulate.

Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

Nayanthara: Beyond The Fairy Tale

Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni

Director: Amith Krishnan

Rating: 3.5/5

MATCH INFO

First Test at Barbados
West Indies won by 381 runs

Second Test at Antigua
West Indies won by 10 wickets

Third Test at St Lucia
February 9-13

 

While you're here
UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
What is dialysis?

Dialysis is a way of cleaning your blood when your kidneys fail and can no longer do the job.

It gets rid of your body's wastes, extra salt and water, and helps to control your blood pressure. The main cause of kidney failure is diabetes and hypertension.

There are two kinds of dialysis — haemodialysis and peritoneal.

In haemodialysis, blood is pumped out of your body to an artificial kidney machine that filter your blood and returns it to your body by tubes.

In peritoneal dialysis, the inside lining of your own belly acts as a natural filter. Wastes are taken out by means of a cleansing fluid which is washed in and out of your belly in cycles.

It isn’t an option for everyone but if eligible, can be done at home by the patient or caregiver. This, as opposed to home haemodialysis, is covered by insurance in the UAE.

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
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The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
Specs

Engine: Dual-motor all-wheel-drive electric

Range: Up to 610km

Power: 905hp

Torque: 985Nm

Price: From Dh439,000

Available: Now

Silent Hill f

Publisher: Konami

Platforms: PlayStation 5, Xbox Series X/S, PC

Rating: 4.5/5

Tips from the expert

Dobromir Radichkov, chief data officer at dubizzle and Bayut, offers a few tips for UAE residents looking to earn some cash from pre-loved items.

  1. Sellers should focus on providing high-quality used goods at attractive prices to buyers.
  2. It’s important to use clear and appealing photos, with catchy titles and detailed descriptions to capture the attention of prospective buyers.
  3. Try to advertise a realistic price to attract buyers looking for good deals, especially in the current environment where consumers are significantly more price-sensitive.
  4. Be creative and look around your home for valuable items that you no longer need but might be useful to others.
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Updated: February 07, 2023, 1:14 PM