Badenoch returns to Conservative conference much stronger than a year ago

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Published: 2026-10-03T13:15:39.629Z • Permanent link

Dominic Raab, the UK's Foreign Secretary, and Rishi Sunak, the Chancellor of the Exchequer, were present at the Conservative Party conference in Manchester, where Liz Truss, the newly reappointed Prime Minister, delivered a speech that highlighted her intentions to tackle the rising cost of living and reform the country's tax system. Truss, who had initially been criticized for her handling of the economic crisis, appeared to have regained some ground on her approval ratings, with a recent YouGov poll showing her approval rating at 43%, up from 36% a year ago.

Rumors of a leadership challenge to Truss's position had been circulating, but it seems that she has managed to shore up support among her party members, at least for the time being. Truss's speech was seen as a key moment in her bid to reassert her authority and establish herself as a strong leader, and it is likely to have had an impact on the party's overall mood and direction. Party members are now bracing themselves for a potentially grueling period of economic policy-making, with many expressing concerns about the challenges that lie ahead.

Liz Truss's reappointment as Prime Minister has also been welcomed by the UK's business community, which has been calling for greater stability and clarity on economic policy. The Bank of England's chief economist, Andy Haldane, had recently warned that the UK's economic outlook was at risk of deteriorating, and Truss's speech was seen as an attempt to reassure businesses and investors about the government's plans for the economy.

Truss's reappointment as Prime Minister has significant implications for the UK's financial markets, with many analysts predicting that her economic policies will have a major impact on the country's economy and business environment. The UK's FTSE 100 index has already shown signs of rising, driven by speculation about the potential for a more expansionary economic policy. This could have a positive impact on companies that are heavily exposed to the UK economy, such as British banks and retailers.

The reappointment of Truss also raises questions about the UK's regulatory framework, with many experts warning that the country's regulatory environment is in need of reform. The UK's Financial Conduct Authority (FCA) has been under pressure to take a more aggressive approach to regulating the country's financial sector, and Truss's speech was seen as a key moment in this debate. The FCA has already been working on a number of initiatives aimed at improving the country's financial regulation, and Truss's reappointment is likely to give the regulator more scope to pursue its goals.

Truss's reappointment as Prime Minister is part of a broader pattern of economic policy-making in the UK, which has been shaped by the country's history of economic instability. The UK's economic policy has been marked by a series of crises, including the 2008 financial crisis and the Brexit vote, and Truss's speech was seen as an attempt to reassure businesses and investors about the government's plans for the economy. The UK's economic policy has also been influenced by the country's relationship with the EU, and Truss's reappointment is likely to have implications for the country's future trade relationships.