Britain's weakened Truss faces fight for credibility | The Business Standard
Skip to main content
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Thursday
May 22, 2025

Sign In
Subscribe
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
THURSDAY, MAY 22, 2025
Britain's weakened Truss faces fight for credibility

Europe

Reuters
04 October, 2022, 12:15 pm
Last modified: 04 October, 2022, 12:18 pm

Related News

  • Mujibur new president, Mahmuda general secretary of Bangladesh Law Society UK
  • The end of Pax Americana holds opportunities for the UK
  • Tulip claims Bangladesh arrest warrant is 'politically motivated smear'
  • Fresh momentum for Bangladesh-UK to work more closely: British trade envoy
  • Military chiefs gather in UK to discuss Ukraine protections

Britain's weakened Truss faces fight for credibility

Reuters
04 October, 2022, 12:15 pm
Last modified: 04 October, 2022, 12:18 pm
FILE PHOTO: British Prime Minister Liz Truss attends the annual Conservative Party conference, in Birmingham, Britain, October 2, 2022. REUTERS/Hannah McKay
FILE PHOTO: British Prime Minister Liz Truss attends the annual Conservative Party conference, in Birmingham, Britain, October 2, 2022. REUTERS/Hannah McKay

British Prime Minister Liz Truss had hoped her governing Conservative Party's annual conference would be her crowning glory, but instead she was forced into a humiliating U-turn that has left her, and her team, fighting for credibility.

After less than a month in the job, Truss's reversal on Monday of a decision to scrap Britain's highest rate of income tax has left her open to criticism that she is not only poorly advised but was also badly advertised as a woman who stood by her word.

The about-turn came less than 24 hours after Truss had defended a policy to cut the top 45% tax rate that triggered warnings from her lawmakers that she was at risk of losing any future election by reviving the moniker of the "nasty party".

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Truss, in Birmingham this week with other Conservative lawmakers for the party's annual conference, said both she and her finance minister Kwasi Kwarteng had listened to those voices. But some at the conference doubted whether she could now command authority over future policy challenges before an election due in 2024.

"Would I have done it? Absolutely not," said Ben Houchen, the Conservative mayor of Tees Valley in northeast England.

"Actually, it has taken us back in the minds of many people in the public of the journey that the Conservatives have been on in the last 15-20 years," he said, referring to 2002 when Theresa May, who went on to become prime minister, said the party was known by many voters as the "nasty party".

With opinion polls putting the Conservatives at risk of being all but crushed in the next election by the main opposition Labour Party, others were more blunt, pointing criticism at her cabinet team of senior ministers, or at her advisers.

"It was inevitable. But ... it underlines the need for senior people around the cabinet table," said one Conservative lawmaker on condition of anonymity.

Another said: "It's a new team who don't know what they are doing and which doesn't allow for competent management of Downing Street, let alone anything bold or out of the ordinary."

KEEPING PROMISES?

It was a long way from when Truss was being lauded by some as the Conservative leader the party needed to draw a line under the tenure of Boris Johnson, who was ousted in a rebellion after presiding over months of scandal.

Then she told party members, who were charged with selecting Britain's next prime minister: "I don't make promises I can't keep and I am a straightforward person who tells it like it is."

Appointed on Sept. 6, she was soon forced to change tack to help lead Britain in national mourning of Queen Elizabeth and when politics restarted she wanted to move quickly. The tax rate cut was the surprise entry to her economic plan on Sept. 23.

"It is a difficult message to sell," said Marco Longhi, a Conservative lawmaker who was elected in 2019 for the first time in the formerly Labour-supporting seat of Dudley North.

"I think a large number of people in my area found it difficult to absorb that message," said Longhi, who backed Truss for prime minister during the leadership campaign.

At the conference, some supporters and lawmakers seemed baffled by the speed of events, others dispirited.

The reversal, some said, was inevitable.

But while her ministers publicly rallied around Truss and Kwarteng, there was clear frustration that a package of measures aimed at reversing years of stagnant economic growth had been possibly fatally undermined.

Steve Baker, a minister in the Northern Ireland Office, said he blamed Labour for setting a "political trap" for the Conservatives 12 years ago by introducing a high tax rate - a trap earlier governments should have removed much earlier to avoid getting "ourselves in trouble today".

"I'm pleased that Kwasi (Kwarteng) has done this," Baker told Reuters, referring to the move to reverse the unpopular tax cut, suggesting it was time for the party to unite.

"It will satisfy lots of MPs (members of parliament) who've called for it but what we now need to do is every single Tory MP needs to ask themselves what are they trying to achieve. I'm clear what I'm trying to achieve, I would like to support a programme that goes for growth."

World+Biz

Liz Truss / UK PM Liz Truss / UK

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Photo: Collected
    Govt mandates direct elections, term limits for all trade bodies
  • Kakrail intersection on 21 May 2025. Photo: Rajib Dhar/TBS
    Protest's main goal now clear election roadmap, not mayoral oath: Ishraque
  • Mayoral oath: Ishraque now says protest to continue till Adviser Asif Mahmud resigns
    Mayoral oath: Ishraque now says protest to continue till Adviser Asif Mahmud resigns

MOST VIEWED

  • Demra Police Station officials with singer Mainul Ahsan Noble following his arrest from Dhaka's Demra area in the early hours of 20 May 2025. Photo: DMP
    Singer Noble arrested, sent to jail after woman allegedly confined, raped by him for 7 months rescued
  • How Renata's Tk1,000cr investment plan became a Tk1,400cr problem
    How Renata's Tk1,000cr investment plan became a Tk1,400cr problem
  • Govt to cut property registration tax by 40%, align deed value with market rates
    Govt to cut property registration tax by 40%, align deed value with market rates
  • Photo shows actress Nusraat Faria produced before the Chief Metropolitan Magistrate (CMM) Court on Monday, 19 May 2025. File Photo: Focus Bangla
    Nusraat Faria gets bail
  • Faiz Ahmad Taiyeb, special assistant to the chief adviser at the Ministry of Posts, Telecommunication and Information Technology speaks at a press briefing at the Foreign Service Academy on Tuesday, 20 May 2025. Photo: PID
    NoC is mandatory in installing Starlink connections: Taiyeb
  • Fired by US aid cuts, driven by courage: A female driver steering through uncertainty
    Fired by US aid cuts, driven by courage: A female driver steering through uncertainty

Related News

  • Mujibur new president, Mahmuda general secretary of Bangladesh Law Society UK
  • The end of Pax Americana holds opportunities for the UK
  • Tulip claims Bangladesh arrest warrant is 'politically motivated smear'
  • Fresh momentum for Bangladesh-UK to work more closely: British trade envoy
  • Military chiefs gather in UK to discuss Ukraine protections

Features

Shantana posing with the students of Lalmonirhat Taekwondo Association (LTA), which she founded with the vision of empowering rural girls through martial arts. Photo: Courtesy

They told her not to dream. Shantana decided to become a fighter instead

9h | Panorama
Football presenter Gary Lineker walks outside his home, after resigning from the BBC after 25 years of presenting Match of the Day, in London, Britain. Photo: Reuters

Gary Lineker’s fallout once again exposes Western media’s selective moral compass on Palestine

1d | Features
Fired by US aid cuts, driven by courage: A female driver steering through uncertainty

Fired by US aid cuts, driven by courage: A female driver steering through uncertainty

1d | Features
Photo: TBS

How Shahbagh became the focal point of protests — and public suffering

2d | Panorama

More Videos from TBS

How realistic is Trump's $2 trillion deal with the Gulf countries?

How realistic is Trump's $2 trillion deal with the Gulf countries?

6h | Others
UK-EU Historic Agreement: How Will the Relationship Change After Brexit?

UK-EU Historic Agreement: How Will the Relationship Change After Brexit?

8h | Others
Bangladesh is exporting mangoes to China for the first time

Bangladesh is exporting mangoes to China for the first time

9h | TBS Today
News of The Day, 21 MAY 2025

News of The Day, 21 MAY 2025

9h | TBS News of the day
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net