Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      Franco Manca and Real Greek owner slumps to £14m loss as boss quits

      Franco Manca restaurant exterior showcasing the vibrant storefront and bustling street atmosphere in a busy city location.

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      Brentford in talks to host Shakhtar Donetsk Champions League fixtures

      Breaking news update with diverse business professionals discussing market trends in a modern conference room setting

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      New City venue rethinks competitive socialising… again

      Poolhouse at Square Mile City, Liverpool Street with modern architecture, reflecting vibrant urban development

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Monday 10 October 2022 6:30 am  |  Updated:  Friday 07 October 2022 3:24 pm

Truss has just about survived the rhetoric melodrama, now for the work

By: Eliot Wilson

Add as a preferred source on Google
Liz Truss Delivers Her Leader's Speech To Party Conservative Party Conference
Liz Truss will have to face Parliament this week, as work finally resumes after party conferences. (Photo by Jeff J Mitchell/Getty Images)

Harold Wilson’s maxim that a week is a long time in politics is in danger of becoming a rule for 2022 too. In the last eight days, we have seen the Conservative Party conference take place in Birmingham, the MPs and activists churn themselves into a maelstrom of high drama, and the government abandon its controversial plans to abolish the highest rate of income tax. Of course the cry of “U-turn!” goes up, as it always does, and the new administration’s credibility, already thoroughly battle-scarred, takes another pounding.

The predictions for the yearly party jamboree could scarcely have been more dire. Members of Parliament would stay away, it was predicted, those who turned up in Birmingham would be mutinous and trigger-happy, and the lifespan of Liz Truss’s premiership was beginning to look less healthy than a diabetic chowing down on another burger. Out by Christmas, out in weeks, out before Friday: the prognostications became almost fantastical.

Party conferences are very peculiar gatherings. Politicians usually try to reach out and connect with the electorate beyond the Westminster village, but for one week a year they are encouraged, almost required, to be introspective and solipsistic. This is their time to talk about themselves, to meet face-to-face, to plot, to speculate and to float wild ideas. If it is stage-managed carefully, skilfully and slickly, a party conference can be the best opportunity for propaganda this side of Leni Riefenstahl, but it is a terrible occasion on which to be ill at ease. Famously, in 1963, the prime minister, Harold Macmillan, had a serious bout of ill health on the very eve of the conference and resolved to resign, allowing the issue of his successor to be played out partly across the halls and back rooms of Blackpool. The result was chaos.

The prime minister did not fall last week. Nor was her position fatally weakened. As well as abandoning the 45p tax rate cut, the conference saw attempts at contrition, conciliation and de-escalation by the new chancellor, Kwasi Kwarteng. Then, on Wednesday, the stage was set in Birmingham’s International Conference Centre for Truss’s first speech as leader, a potentially pivotal moment for her and her government. The prime minister is not at her best when addressing large audiences, as is now political lore, so it seemed her moment of greatest vulnerability, perhaps the presage of a complete collapse of morale.

Only the most fanatical praetorians would argue that Truss’s speech was a great piece of oratory. But it cleared the low bar her reputation had set with surprising ease. Objectively it was lacklustre, a little stiff, and leaning heavily on platitudes and generic promises. But there were moments when the cheers on the hall were not just of relief, but of genuine support. While she gave few details and left many rhetorical bones unfleshed, there were expressions of ideology which caught the audience’s mood. “Positive” and “enterprising” warmed the faithful’s hearts, and Truss’s “determination” to “step up” and “get Britain moving” showed steel. If she could enact what she promised, the party liked what it was seeing.

The speech needed to save Truss’s premiership, and it did that. It went further, damping down some fires and hauling people more or less into line. In short, it did what it had to, which was arrest the slide into ungovernable chaos and show a leader who might at least be able to govern.

Tomorrow, however, Parliament returns to go back to the routine business of legislation after the solemn hiatus of Elizabeth II’s death and funeral. There must now be a change of gear. Broad, ringing phrases will not work against the hard scrutiny of parliamentarians and the sharp words of the Labour opposition. Work must begin in earnest.

The Health and Social Care Levy (Repeal) Bill is first up, sweeping away one potential new tax. But more legislation to shape Truss’s new economic world will be needed. She and her ministers must be prepared to fight hard and long. They must lay out the details of the Growth Plan, show how it will work, what will happen on the ground, in the lives of ordinary voters. Day after day they must present each small piece of the overall jigsaw.

Liz Truss stopped a catastrophic tsunami sweeping in last week. But the dangerous tide is still high. It will be a brutal run to Christmas, fighting over every policy and every presentational effort to push that tide back down the beach. This is the pivot point, from rhetoric to reality, from poetry to prose. In the words of the Duke of Wellington at Waterloo, hard pounding, gentlemen: but we will see who can pound the longest.

Read more

CoStar Data Shows Birmingham Posted Highest Retail Investment Volumes Since 2016

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Opinion

Categories

  • Opinion

Trending Articles

  • Who could be Andy Burnham’s Chancellor? 

  • Reeves’ new tax charge on cash ISAs faces fierce industry backlash

  • As it happened: Stocks recover after markets rocked by tech-sell off; US claims ‘good foundations’ of Iran deal

  • Coca-Cola brings in restructuring lineup over failed Costa sale

  • As it happened: FTSE 100 finishes higher as US-Iran talks progress and Starmer resigns; Space X shares fall after bond sale

More from CityAM

  • CoStar Data Shows Birmingham Posted Highest Retail Investment Volumes Since 2016

    Business Wire
  • Andy Burnham: being all things to all men will end up letting everyone down

    Opinion
    Andy Burnham speaking at a Labour Party event, addressing current political issues, with a focused and determined expression.
  • Government to invest £3m in five new cricket domes

    Sport Business
    General news image depicting an unnamed event, highlighting key aspects of the latest developments in the article.
  • Manchester United debt pile may force owners to fund new stadium

    Sport Business
    Breaking news conference with diverse group of professionals discussing current global economic trends and financial strat...
  • Electoral reform could destroy the Labour party

    Opinion
    Polling station exterior with voters lining up for local election in a community setting with clear signage and ballot box...
  • Starmer resigns as Prime Minister

    Politics
    Business conference attendees networking at a corporate event with banners and presentation screens in the background
  • Soho killjoys are the worst kind of Londoners

    Opinion
    LONDON, ENGLAND - JANUARY 19: A woman walks past the Raymond Revuebar in Soho on January 19, 2015 in London, England. A growing number of campaigners, including Stephen Fry, are pushing developers and representatives of Westminster Council to preserve the area's unique identity, which they fear is being lost as the area is gradually redeveloped. (Photo by Carl Court/Getty Images)
  • Billionaire Labour backer John Caudwell: I was misled by ‘disastrous’ Starmer

    Politics
    John Caudwell in a formal setting, possibly during a business meeting or public speaking event, conveying professionalism.

CityAM Canada — business, markets and opinion for Canadian readers.

Sections

  • Business
  • Markets
  • Tech
  • AI
  • Economics
  • Opinion
  • Cities

Company

  • About
  • Contact

Legal

  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 CityAM Canada. All rights reserved.
Terms · Privacy · Cookies