Conservative Party: When a company goes into administration, we know the final chapter

 

The banner does not reflect reality. In fact, recent decisions made by Rishi Sunak as Prime Minister point in exactly the opposite direction.

There are no long-term decisions. In fact, you cannot trust that what is announced as a long-term decision will last long enough. In terms of a brighter future, all the promises about a brighter future cannot balance what is a disastrous present.

The country is pawned to the hilt and we worry about the day when investors will stop buying bonds if the rates paid for bonds are not dramatically raised, thus making public borrowing practically unpayable.

In fact, every indicator signals impending doom. Can you trust the promises made by what is a de-facto caretaker unelected Prime Minister? At this point in time, Rishi Sunak shares with the Liberal Democrats one fundamental characteristic. He can promise anything because he will not be around to deliver whatever he promises. In the present state of affairs, May 2024 seems - painfully - to be a long way away. His Chancellor of the Exchequer - Jeremy Hunt MP - will no longer be around either since he himself has said that he will not be standing in 2024. Investors will surely take notice of what is happening in British politics since a change of managers will surely mean a change of management style.

Britain needs clarity. Britain needs to know where it stands. Rather late, the Prime Minister is now talking about implementing the same kind of tax measures that he rejected when he was competing with now former Prime Minister Liz Truss. One could see that there were two Party Conferences. One was the official Party Conference and the other was the Fringe Party Conference. Some did not bother to attend either of them. Such is the state of disarray. 

In more than one way, seeking some kind of relevance in geopolitics has been a diversion. Foreign powers - friends and foes - who follow very closely what is happening in the United Kingdom know better. Whatever is agreed today accounts for very little. Long-term decisions? The UK political cycle is pretty short and makes practically impossible to have long term policies since the next Parliament can choose at will not to implement what the previous Parliament approved or supported.

The UK goverment that he presides spoke about foreign deals with huge markets and promised a brilliant future for the British economy. It is like writing on water. There are no guarantees whatsoever that colourful and impressive speeches will be followed by real achievements. May 2024, an important month on the British political calendar. If what happened in a series of by-elections is translated into a real General Election, not even a space in Madame Tussauds could be guaranteed.

The Conservative Party has broken a new record. A bit more than a decade in power and at least 5 Prime Ministers.