HomeNewsWorldWill nostalgia kill the British right?

Will nostalgia kill the British right?

Liz Truss' big gambit upon succeeding Boris Johnson, a mini-budget crowded with tax cuts, looks like a policy debacle, recklessly inflationary and fiscally destabilizing.

October 02, 2022 / 12:27 IST
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Liz Truss (Image: AP)
Liz Truss (Image: AP)

Liz Truss, the new prime minister of Britain who may not be the prime minister for long, is by general agreement out of touch with reality.

Her big gambit upon succeeding Boris Johnson, a mini-budget crowded with tax cuts, looks like a policy debacle, recklessly inflationary and fiscally destabilizing. As politics, the mini-budget looks even dafter. At the moment, the electoral sweet spot for right-of-center governments in the Western world is a mixture of cultural (not religious) conservatism and relative economic moderation — an anti-libertarian right-wing politics, favorable to the welfare state and skeptical of immigration, that appeals to constituencies buffeted by globalization and anxious about national identity.

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This is the style of politics that just elevated Giorgia Meloni’s populist movement in Italy and that has brought right-wing populism into the mainstream of Swedish politics. It’s also the politics that the Republican Party is perpetually groping toward without quite getting there.

But Truss has gone in the opposite direction, not just with her tax-cut push, but with a push for expanded immigration — a double-down on a 1980s growth prescription, a Ronald Reagan-Margaret Thatcher nostalgia trip, that has carried the Tories away from their own constituents and earned her party absolutely apocalyptic poll numbers.