This is a government in a hurry. Boris Johnson secured an 80-seat majority but due to a combination of Covid, scandal and ideological torpor, did not get much done. Liz Truss, on the other hand, has no plans to let this majority go to waste.
The prime minister wants to “revisit the mandate“ of the Bank of England. She’s sacked Tom Scholar, the Treasury’s top civil servant. And her Chancellor is considering scrapping the cap on bankers’ bonuses.
