Thank you for putting your trust in me. I’m ready to hit the ground from day one. - Liz Truss

[Observing her speech at the PopCon conference in February 2024] It turns out the country is in the grip of a debilitating form of groupthink, all the more pernicious for being a combination of ideology and lifestyle choice. The ideology is what she calls communism – by which she seems to mean state interference in the free market coupled with weaponised identity politics.

The pandemic, explained the Swedish Prime Minister Magdalena Andersson, was the definitive ‘end of the neoliberal era inaugurated by Thatcher and Reagan’. We don’t just hear that from Social Democrats these days. Now right-wing populists, journalists and economists also claim that ‘the Reagan/Thatcher era is over’. These two leaders are often used as symbols of the era of economic liberalization in the early 1980s, and I agree that it feels an awful lot like that era has come to an end. Donald Trump’s advisor Stephen Moore declared that the Republicans are no longer Reagan’s party but Trump’s, and that’s exactly how the party comes across in their recent agitation against free trade, immigration and tech companies, not to mention lies about election fraud. (Reagan once called the peaceful transfer of power the ‘magic’ of the free world.) Thatcher’s Tories have abandoned the European single market she was once instrumental in developing, and have simultaneously abandoned many other economic orthodoxies, toying with more active industrial policies and ‘Buy British’ slogans – a new attitude that Boris Johnson in an unguarded moment happened to summarize as ‘fuck business’. His short-lived successor, Liz Truss, who famously declared that large-scale imports of cheese were ‘a disgrace’, tried to invoke the Iron Lady, albeit through her boldness rather than her policies. Instead, Truss railed against the ‘consensus of the Treasury, of economists, with the Financial Times’ that budgets should be balanced and went on to doom her premiership with a massive, unfunded package of energy subsidies and tax cuts, which markets refused to finance.

The fact is it is a simple bill on whether we trigger Article 50. The British people have voted for that and was clear in the referendum. The House of Lords now needs to get on with it. I fully expect the House of Lords will recognise the will of the people and the House of Commons.