Former British Chancellor Rishi Sunak won the race to become the Conservative Party leader on Monday. He is now set to become the UK’s next prime minister, the first person of color, and the first Hindu to serve in that high government role. I have supported Sunak since Boris Johnson resigned from 10 Downing Street. I can support a strong conservative when they are intelligent and reasoned. Above and beyond policy is something much more important that has shown itself as being required in Britain; the larger mission is one about credibility in government, and when governing. Sunak meets and exceeds that level of competency.
The lesson about credible leadership is something the Republican Party should note and seriously consider.
What connected for me on this side of the pond was that fact Sunak refused to lower himself and make absurd promises about tax cuts, just so to be elected by the Conservative Party. He had warned in language anyone might understand that economic policies should not be reduced to political chits. He stayed out of the fray over the past weeks as the economy went south, at what can only be best described as careening out of control at a maddening speed.
Long-time readers of this blog know my utter disdain for Brexit, and the outcome that was warned about has materialized.
Even before the 2016 vote, the country had a chronic productivity problem, excessive reliance on the financial sector and a major deficit in training and skills. But as the Covid pandemic effect fades, we can see the Brexit effect more clearly. On many indicators, such as business investment and trade recovery after Covid, the UK economy has done worse than any other in the G7. The number of small companies with cross-channel relationships has fallen by about a third. On official projections, the country will lose about 4% of its GDP as a result of Brexit. The rating agencies Moody’s and S&P have both reduced the UK’s economic outlook from stable to negative. Yes, it’s the Brexit, stupid.
But now we come to the lesson that should be studied.
Why there is hope for sound governing from Sunak is his ability to learn from mistakes (he was once in favor of Brexit) but this year refused to play to the lowest common denominator for the biggest prize in British politics. It was that act of being fact-based and honest with what a leader must contend with that earned him praise aplenty on this page. Instead of playing to the base, he intends to lead them.
As he demonstrated in his Conservative Party leadership contest with Liz Truss this summer, he is a realist, putting solid public finances and market credibility first – as did Margaret Thatcher. And realism demands that, in extraordinarily challenging economic circumstances, you have to lower barriers to doing business with your largest single market (the EU), not further increase them.
Rishi Sunak has the very life story that Tories require if they are to make inroads into the diverse British society. Born to Indian parents who had left East Africa, attended excellent schools, and rose to a high position in the government showcases the fact all are welcome in the nation. And can lead the country.
While I always follow international news I found my interest in the British political mess was much elevated this year due to the character of Sunak. In today’s political climate in the United States where a candidate will make the most vile and absurd statements just to prove fealty to Donald Trump, the next prime minister proved what an honest and forthright conversation with a nation can produce.
Once again, the U.S. can learn a lesson from Europe. If it wishes to learn……