We have a PM who’s in office but refusing to wield the power he won, a leadership contender who definitely wants the job but won’t be first over the top, a rival who wants to run but isn’t an MP, and another who isn’t sure she wants it but may do, even though she faces a live HMRC investigation.
A reminder: today is still only Wednesday.
The past 24 hours do not show the governing party, or our country, in a flattering light.One fact matters above all others. The UK’s long-term borrowing costs hit their highest level since 1998. That’s partly because of Trump’s war with Iran, and partly Labour turbulence.
There will be consequences for our cost of living – including mortgages and consumer prices – as well as for Britain’s public finances, where chancellors will find it harder to borrow money. Already, lenders don’t like our balance sheet.
The economic illiteracy of some backbenchers (from all parties) is mind-blowing. If you want to invest in the UK, you need to know who will be in charge and what they stand for. This basic level of information is a prerequisite.
Today brings showdown talks at No 10 between Health Secretary Wes Streeting and the Prime Minister, then a King’s Speech – supposed to be the moment when a Government reveals bold plans for meeting the challenges of its age. Let’s see.
Labour MPs need to make a decision – stick or twist – and commit to it wholeheartedly, with unity and discipline, or voters will do it for them.
X: @olyduff
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