Tuesday, October 25, 2022

RISHI'S ROAD TO REDEMPTION


 

Whoever said that British politics were dull and boring is surely eating his words today after 6 months or so of lurid melodrama. Remember the decline and fall of “Neronian” Boris Johnson, when scandal followed scandal and heedless Boris uttered porkie after porkie pie until the supply ran out? Perhaps Nero is not an apt analogy, we might prefer Heliogabalus, a rather later Roman Emperor, (218-222), who passed his time among the rose petals, feasting with his glamorous ladies and neglecting his urgent duties, ignoring both the plague and the people (cf. Bojo).



                     The Roses of Heliogabalus (1888) by Lawrence Alma-Tadema

Anyhow Boris was deposed and then an excruciating Tory leadership election ruined our summer. There were at the start 11 candidates and they were whittled down at an agonizingly slow pace to two, Liz Truss and Rishi Sunak. Broadly speaking, Rishi was a favourite among the well-heeled and cautious but Liz was favoured by the poorer but more adventurous Tory Party members. They both toured the country, exhausting their audiences with their well-crafted, but naturally self-serving pitches. Liz won. She made a complete Horlicks of the job. Although her direction of travel was quite sound in the medium term, her Dash for Growth took place in the midst of an inflationary cost-of-living crisis and spooked the all-important gilts market, which had been inadequately buttered-up prior to launch. Rishi, an erstwhile Goldman Sachs and hedge-fund professional, had warned that disaster would derail her programme and, alas, he was right.

                   


Kwazi Kwarteng and Liz Truss got it all wrong

Events then moved quickly. Kwazi was fired and experienced Jeremy Hunt drafted in. Liz Truss was soon handed her red card and resigned and, to universal groans, another Tory leadership election was called. A high bar was set of 100 sponsoring MPs to get on the ballot. Quite inappropriately, given his record, Boris rushed back from a lavish holiday in the Dominican Republic, to throw his hat into the electoral ring to join Rishi Sunak and Penny Mordaunt. Mercifully Boris took the hint he was not wanted after a few days and dropped out and on 24 October underpowered Penny realized she could not muster her 100 sponsors and, at the very last minute, withdrew. Rishi was the last man standing and was rapturously crowned by hordes of sweaty flatterers as Leader of the Conservative Party.

Rishi was asked to form a government the next day by the King, with all due dignity and protocol, and spoke as Prime Minister in front of No. 10, vowing to rectify Liz’s mistakes and get the nation’s finances on an even keel

He spoke well, but he knows it is action not words, that will butter his parsnips and he had better get on the buttering job pronto. He is believed to be clever and energetic but the wider public does not know him well and needs to be convinced. His in-tray is overflowing with difficult decisions:

-          Are there significant economies possible in departmental budgets like Transport or overseas Aid?

-          Can hitherto sacrosanct Defence or NHS budgets be cut sharply?

-          Can the triple lock on pensions be dropped again and only rise with average earnings?

-          Is the welfare budget affordable?

-          Should a windfall tax on energy companies be imposed?

-          Can a deal be done with the EU on the Northern Ireland Protocol?

-          Should the net zero pledge be delayed to ease the energy crisis?

-          How far can we go in defending brave Ukraine?

Rishi will need top-notch advice on these matters and dozens of other less urgent ones. But the buck stops with him. There may be some cheery tune he can whistle, but perhaps he should try instead the solemn Victorian song The Lost Chord by Sir Arthur Sullivan!

https://www.youtube.com/watch?v=ToBxsZKrUQU&ab_channel=BigTezza12

No, enough gloom! We are behind you, dishy Rishi!



                                            Rishi, your big chance is now

 

SMD

25.10.22

Text copyright © Sidney Donald 2022

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