After a tumultuous few days, Liz Truss has finally bowed to pressure from her party and resigned as prime minister – raising serious questions about the future of the Conservative Party.
When Truss formed her government, barely two months ago, it was clear from the offset that this would be the most avowedly neoliberal administration in more than three decades. A few commentators, myself included, saw this as a test for the whole approach, rooted as it was in market fundamentalism.
Now, weeks later, we face another Conservative leadership election – albeit seemingly a fast-tracked one this time – and the Tories trailing so far behind Labour in the polls that a heavy defeat, whenever a general election comes, is assumed to be inevitable.
