Truss in a rush to get policies out before Parliament closes for conference season
Liz Truss: will her performance this week set the benchmarks for everything we can expect from her in the future?
After a week trailing King Charles around the UK like a lost puppy, Liz Truss is going to have to show whether she has prime ministerial chops (whatever that means) – and fast.
Parliament will be open for four days this week – before going back into recess for the conference season.
But in that time, it seems, Truss will want to rush out a support package to help businesses cope with rising energy prices, a statement on possibly cutting waiting times for National Health Service treatment and her much promised tax cuts to try to spur growth.
She will also meet US President Joe Biden at the UN General Assembly on Wednesday after meeting other leaders who had travelled to take part in the queen’s funeral.
This is the meeting that was allegedly delayed because of an investigation into whether Truss’s chief of staff, Mark Fullbrook, was involved in bribery and corruption in a recent Puerto Rican election.
And her fiscal statement, or mini budget, is expected to be delivered by Chancellor Kwasi Kwarteng on Friday, when he is expected to scrap an increase in national insurance contributions and freeze the UK’s already historically-low corporation tax.
Kwarteng will also give an estimated cost for the energy package, but it will be up to Jacob Rees-Mogg’s Department for Business, Energy and Industrial Strategy to offer the detail. He may also officially announce the end to caps on bankers’ bonuses, that was trailed last week.
The fiscal statement will follow Thursday’s decision by the Bank of England on whether to raise interest rates to fight inflation – seemingly moving in an opposing direction to Kwarteng, whose tax cuts could stoke prices.
And then there will be another long break for the party conferences. Will Truss use it to prepare for what threatens to be a gruelling Parliamentary season to come? We’ll be able to draw our conclusions from her performance over the next few days.
Source: Truss faces whirlwind week as politics resumes after queen’s funeral
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Do we have a functioning government? They seem to have taken more time off in the last few weeks than being behind a desk actually working, and now it’s another reason to skip work.