Truss to hold final cabinet meeting before tendering resignation at Buckingham Palace; Sunak expected to speak at Downing Street before noon
- Rishi Sunak tells Tories to ‘unite or die’ as he prepares to become PM
Nearly 30% of all Britain’s postwar prime ministers will have been in office in the past six years, all from the same party. But the cause of this chronic political instability is not just Tory psychodrama: it’s an economic model that has failed to deliver rising living standards.
Even before the surge in inflation and Truss’s move to crash the British economy with a series of lethal rightwing policies, wages were set to be lower in 2026 than back in 2008. There was once talk of the financial crash and the subsequent Tory austerity triggering a lost decade in people’s living standards, but the reality we now face is a lost generation. Too often, political reporting reduces British politics to soap opera, to personality-driven machinations: to do so strips away the much more profound drivers of political turmoil.
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