Rumors of Boris Johnson’s Return Circulate as Liz Truss Resigns

Downing Street announced Thursday that Prime Minister Liz Truss would make an announcement just before 1:30 PM London Time. A few minutes later, the frazzled leader — whose authority was shredded by the firing of her chancellor and the resignation of her home secretary, by open revolt among her Members of Parliament (MPs), and by a market swan dive in response to her signature policies — announced that she was quitting.

The Conservatives are now trying to avoid triggering another general election by making improvised plans. pollsThis would spell the party’s political death. The party is trailing Labour by over 30 percent; 87 percent of the public disapprove of Conservatives’ handling of the economy, and in the days before her resignation, only 9 or 10 percentTruss was liked by most of the electorate. Truss was, by every measure, the most unpopular U.K. prime minster in the history of polling.

Within minutes of Truss’s resignation, the party had announced it would hold a snap leadership contest, with the aim of installing a new prime minister at the helm by October 28. The hope in doing a quick-and-dirty transition, was, presumably, that it would forestall a long fratricidal turf war, denying extremists in the party the chance to build support amongst the party’s base — the same base that had, over the opposition of the parliamentary party, elevated Truss to power in the first place.

Yet, any hope the party had of making this a smooth transition — of finding a single leader who would unite the Conservatives and forestall a messy contest — was dashed two hours later when disgraced ex-Prime Minister Boris Johnson — who had been sitting out the Truss fiasco by holidaying in the Caribbean — let it be known to select journalists that he would likely be standing in the contest as a matter of “national interest.”

So, the British post Brexit soap opera continues.

Truss’s demise is a case study in what happens when a political system built around notions of stability and continuity breaks down.Truth

The day before Truss quit — making her prime ministerial tenure the shortest in British history, and disqualifying her for the generous lifelong pension that all ex-prime ministers get so long as they have served a minimum of two months in office — she had addressed a hostile House of Parliament and emphatically declared that she was “not a quitter,” and that she would lead her party into the next general election.

Behind the scenes, however, the wheels for a palace coup were already in motion. The six weeks of chaos following Truss’s installment as prime minister were, apparently, too much even for the pliant Conservative backbenchers.

A summary:

Last week, Truss fired Chancellor Kwasi Kwarteng for pushing a “mini-budget” chock-full of Truss’s own rigidly ideological policy stances — policies that tanked the British bond market, sent mortgage rates hurtling upward, threatened to swamp the British pension system by undermining private funds’ investments and forced a huge Bank of England intervention.

In firing KwartengTruss alienated a lot of her own party members in order to implement her vision. When her far right home secretary resigned — ostensibly for using her private email account to communicate about official matters, but, rumor has it, really because she expressed reservations about Truss’s plans to relax immigration restrictions so as to bring in more workers to fill jobs left empty by the exodus of European Union workers in the wake of Brexit — any semblance of party unity disintegrated. Yesterday evening, the Truss team attempted to make a parliamentary vote regarding fracking a vote for confidence. party whip and deputy whip refused to vote with the government and resigned (though the confusion was such that ministers couldn’t confirm or deny the resignations had occurred), and opposition MPs gleefully took cellphone videos of ministers attempting to manhandle MPs into the voting lobby to vote the government’s way.

British politics has more to it than a touch of absurdity at this point. The Conservative Party, which for hundreds of years has been widely viewed as the gold standard of “stability” in not just British but European politics, has now run through four prime ministers since Brexit, and by next week will have its third leader in as many months.

October 11, The Economist wrote that Truss had burned through her political credibility in one week, the “shelf life of a lettuce,” as they dryly put it. The tabloid newspaper has been in decline since then. Daily StarThe analogy was used by Truss, who published a picture of the lettuce each day on its frontpage. Its day one headline, the first of a week’s worth of brutal captions, asked, “Which wet lettuce will last longer?” Today, The New York Times answered the question: “The Lettuce Outlasts Liz Truss.”

As a snap election for the leadership is imminent, the question now is whether Boris Johnson can rise like a phoenix out of the ashes from the Truss disaster to resurrect himself. His claims that he is riding to the national rescue are completely bogus. but, so desperate are the Conservative grassroots for any semblance of charisma and competence that it’s entirely possible that they will turn, once more to “Boris.” If they do, it’s hard to see how the Conservative Party avoids fissuring beyond repair.