Analysis: Liz Truss faces her party faithful after a disastrous week. Many Conservatives fear defeat looms at UK's next election
London CNN —Liz Truss’ first full week as British Prime Minister has not been an easy one.
It ended with her meeting the UK’s independent financial forecaster and having to explain herself after a week of economic chaos.
Since becoming leader, poll ratings have sunk lower than they were even under the disgraced leadership of Boris Johnson.
Even her supporters privately say that while they support her tax cuts, the communication has been appalling and fear that she might never recover from her disastrous start.
Then-Prime Minister John Major never recovered from the crisis and despite an economic recovery, lost the next election in 1997.
What some fear is that the combination of tax cuts and borrowing to fund public spending is a disastrous combination of policies that have been poorly communicated at the worst possible time.
“We look like reckless gamblers who only care about the people who can afford to lose the gamble,” one former Conservative minister told CNN earlier this week.
“Ordinary people are seeing their mortgages go up at a rate that outstrips any government support for energy bills or money saved through tax cuts,” says another former minister.
Ripping up his government’s policies and reinventing the wheel just wasn’t necessary.”The mood going into Conservative Party conference is undeniably bleak.
The official opposition Labour Party held their conference earlier this week, and the mood was one of cautious optimism.
Almost everyone there, from corporate PRs to party activists, felt this was a party on the verge of power.
In the coming week, Truss needs to address her own party faithful and give them something to be optimistic about.