Truss’s government came in– promising to tear up decades of Treasury orthodoxy and deliver low taxes come what may. Just over a month in, having flown too close to the sun, the Prime Minister has had to retreat – watering down her promises, appointing an establishment figure as Treasury permanent secretary and turning on those who have offered her loyalty and unwavering support.
But for all the talk of an imminent coup, senior Tories are unsure how exactly this ends. What is clear is thatin the sense of what she – and her key supporters – wanted it to be. The radicalism and the talk of change have not survived contact with reality. The mood among her longstanding allies is bleak: “I fear it’s terminal,” says a government aide.
The Conservative Party is over. Done. Finished.
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