Theresa May has reached the end of her failed premiership
premiership has entered its surreal phase. On May 22nd the prime minister dutifully read out the ten points of her revisedwithdrawal bill to the House of Commons. The front bench next to her was half-empty, because several members of her cabinet were holed-up somewhere else discussing what to do next. The benches behind her emptied as she spoke. This was not just a prime minister without authority but a prime minister without an audience.
Mrs May has been under pressure to quit for months. What brought matters to a head this week was her revised withdrawal bill. In her plodding style, she tried to win over various interest groups by offering something for everyone: strengthened workers’ rights to please the Labour left, an option fors to vote for a second referendum to entice Remainers. She ended up alienating them all.
There is also a subtler reason. British politics still has not recovered from the financial crisis of 2008-09, and the blow that it dealt to the country’s globalised, light-regulation model of capitalism. The crisis not only led to a prolonged period of wage stagnation. It also stoked popular demand to “take back control” from the forces that had dominated the economy over the previous decades.
Mrs May has proved to be just the wrong person to help the party out of this crisis. She has some of the right instincts—realising two years ago, for instance, that the government needed to increase its majority to avoid being held prisoner by clashing Tory factions, and that it had to deal with the unhappiness that led to Brexit. But she lacked the ability to make these things happen.
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