Peter, the whole point is that the process gone through categorically
*does* have legitimacy. No single constitutional law has been broken in the least and things have been done exactly by the book of centuries-long enshrined laws, rules and regs. (Whether you agree with them or not is irrelevant... they've been adhered to).
What I suspect you're trying to get across is moral legitimacy - and that's a very different thing altogether. Anyhow...
What Truss did was indeed unforgivable. She was driven by a mix of clueless ideological arrogance and utter incompetence. I fully agree. However, the
parliamentary Conservative party hardly wanted to put her up as a choice,
as can be seen here. She only got on the two horse ballot paper by effective accident - and then got utterly undemocratically elected by just 81,000 members of the wider Conservative party who voted for her, compared to the 60,000 voting for Sunak back in early September. The bottom line is... had it been down to the
parliamentary party to decide (which would have been a standard representative democracy process), Sunak would have been the PM from the get-go and Truss would never have got her blundering hands anywhere near the steering wheel.
But although her cack-handedness should of course not be swept under the carpet, it is today true that the strength of sterling and the cost of UK government borrowing
are now back to where they were prior to Truss's disastrous mini-budget. So thankfully, her appalling effect seems to have been quickly reversed.
However, we are indeed in a strange new world. For decades now, the pattern of UK politics has been thus:-
The Conservatives get in for a few terms, during which for whatever their other oversights and failings may be, they manage the economy well and build up a warchest.
Eventually, the electorate gets bored of fiscal responsibility, turfs out the Tories and installs Labour.
Labour then gets a max of two terms (but usually just one) during which they increase public spending to unsustainable levels, blowing the entire warchest that's been built up and borrowing much more on top. Inflation grows to rampant levels and the economy plummets.
So they then get hoofed out by the electorate to bring back the Tories to fix things, economically speaking. To give perfect credence to this, here's the infamous note left by the outgoing Labour Chief Treasury Secretary Liam Byrne for his incoming Tory successor to find on the desk last time Labour got turfed out back in 2010.
Rinse and repeat ad infinitum.
What's very different this time around is that primarily courtesy of unforeseeable global events, Sunak's starting from an astronomically massive hole in the figures position, geometrically far FAR worse than anything Labour ever managed to cause - and he's only got 24 months in which to try and put things as right as is feasible (or at least, as minimally fucked up as is feasible).
And say what you like - but you cannot possibly dismiss the dual effect of Covid and Putin. For fuck's sakes, Covid alone meant that this country spent 400 billion quid that when current government got elected in Dec 2019, it had literally no clue that it was going to have to spend, starting in just a few months' time from then. That's going to put a crimp in anyone's economic management.
The epically proportioned problem is that, were a general election to be called now, as clueless Keir, anarchic Angela and nasty Nicola are all utterly unsurprisingly baying for, Labour would without doubt win by a landslide... but then what? Starmer has not got an earthly what to do about the current situation. Not one single clue. His endlessly repeated (and frankly valueless) monologue never deviates from a trite rewording of is "Hey Tories... you're shit!" The man is as bereft of ideas as he is of imagination.Who was it who said "Don't restate problems... offer up solutions"? Keir could seriously do with heeding that advice (if only he was capable).
And it's not as if there are really any choices anyway- it's either a) borrow and/or b) cut and/or c) raise taxes (and the one thing this country cannot afford to do is any part of option a) as moronic Liz very clearly proved. But that'd be the traditional Labour way...).
Unfortunately, there is no way out of this that avoids some pretty horrible decisions being taken which are going to affect every single one of us. Now sure, those with a greater ability to pay - whether individuals or companies - are simply going to have to pay a whole lot more. But as Lord Mervyn King pointed out just last weekend, the pain cannot be just borne by the more wealthy in our society - because there aren't enough of them and they simply don't have enough cash between them. Even if you raised the top rate of tax from its current 45% to say 85%, that wouldn't generate anywhere near what is needed. So everyone's going to have to feel some pain, one way or another.
Don't ask me what the least shit mix of measures to try to fix this crisis is. However, it without a doubt needs addressing. The problem for Sunak is that he's only got two years and that's nowhere near enough time. So unless something miraculous happens (like Putin keeling over with a fatal heart attack), the Tories are guaranteed to lose the next election at the end of 2024, come what may.