Liz Truss has been Prime Minister of the UK for just one month and so far her tenure has been marked by serious turmoil. Because of the massive tax cuts Truss is looking to implement and the high costs to the treasury involved, there has been unrest in the markets about UK government finances.
Not only has the British pound fallen to an all-time low against the dollar and yields on British government bonds have risen sharply, the Conservative party has been crushed in the opinion polls. In the latest YouGov poll, the Conservative Party trailed its rival Labor Party 33 percent, which is led by Keir Starmer. This is the largest measurable difference between the parties since the 1990s.
The same trend is also seen when the British are asked who would make a better prime minister; Liz Truss or Labor leader Keir Starmer. The latter would also win that election convincingly, with 44 percent of the vote.
BoJo effect?
But it wasn’t just dissatisfaction with Truss that pushed people into the arms of the Labor Party. According to Times journalist Henry Zeffman, 17 percent of voters who voted for Boris Johnson defected to Labor. He also argued that if there were elections now, the Tories would be ‘annihilated’. By comparison, in 1997 Tony Blair won election with 13 percent more of the vote, giving him 146 seats.
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