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miércoles, 19 de octubre de 2022

Tu Periódico, 19 de octubre

Don’t Pay Took Down Kwasi Kwarteng

Don't Pay Took Down Kwasi Kwarteng

Keir Milburn: Last Friday prime minister Liz Truss called chancellor Kwasi Kwarteng back from an IMF meeting in New York and sacked him. In the aftermath most commentators attributed his fall to the "bond markets", treating them like a natural phenomenon which buffeted the chancellor back to "reality" the way turbulence might have buffeted his plane on the way back to Heathrow. But while "the markets" were the medium through which the political crisis unfolded, few have recognised the key role played by campaigners in the government's downfall.

Don't Pay UK, a campaign group which aims to spark the mass non-payment of energy bills, was started by three friends over a pint in a London pub just five months ago. From such humble beginnings, it grew at a spectacular rate and reached far beyond the usual circles of the organised left. By 11 August over 100,000 had pledged non-payment and more than 31,000 had signed up to be organisers.

Recently uncovered documents have revealed that the threat the campaign presented was pivotal in forcing the Truss government into an energy price guarantee costing £150 billion over the next two years. That commitment was so big it made the rest of the government's programme impossible to deliver under current fiscal conditions. Kwarteng's decision to nonetheless push ahead led to his fall. The prime minister is soon likely to follow, and the Conservative party has itself been thrust into an existential crisis.

The long and the short of it is this: Without the Don't Pay campaign Kwarteng would still be chancellor and the Tories would not be trailing by 30 points in opinion polls. So, how did this startling but obscured victory come about?
CONTINUE READING ➡︎

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