What is 55 Tufton Street? The house targeted by Led By Donkeys
Political activist group Led by Donkeys has gone viral with a new video in which three of its members climb a ladder to place a fake blue plaque outside 55 Tufton Street in Westminster, central London, a house Georgian townhouse home to a number of right-wing think tanks loved by Liz Truss.
‘The UK economy has collapsed here,’ the memorial sign reads, pointing to the date of September 23, 2022, the day Ms Truss’s now former Chancellor Kwasi Kwarteng presented his disastrous and no-frills ‘mini budget’ figure, which proposed reckless tax cuts. and heavy borrowing in times of high inflation.
Mr Kwarteng’s budget program – undeniably radical but deeply flawed, as it turned out – was said to have been drawn up with the Prime Minister, a friend and neighbor of the so-called ‘Greenwich ensemble’, but only served to spook global financial markets, forcing Ms Truss into a series of embarrassing policy reversals and the Bank of England to buy up huge amounts of public debt to prop up pension funds.
The Chancellor was recalled from a meeting with the IMF in Washington, DC, on Friday to be sacked and replaced by former Foreign Secretary Jeremy Hunt, who has since moved quickly to scrap most of what was left. mini-budget to reassure investors. .
In doing so, he also shredded what was left of Ms Truss’ credibility and left her as a lame prime minister after just six weeks on the job, with her party facing total annihilation in the next general election.
Led by Donkeys blames 55 Tufton Street think tanks for informing the economic ideas of Ms Truss and Mr Kwarteng, which the pair first embraced in 2011 with the founding of the Free Enterprise Group within the Conservative Party or in 2012 when they were among the authors of the book Britannia unleashed – with Dominic Raab and Chris Skidmore – whose prescriptions so completely crumbled on first contact with reality.
Ms Truss has promoted her tax cut ambitions throughout the long Tory leadership race this summer, ignoring her rival Rishi Sunak’s objections to her ‘fairytale’ tax promises, which have since been more than justified.
Led by Donkeys accompanied its latest stunt with a short film attacking Tufton Street lobbyists as ‘free market fundamentalists’, who are ‘hostile to regulations that protect the environment and workers’ rights’, reject responsibility corporate social and “believe the market is God” .
He argues that Ms Truss’s elevation to No 10 means that “lobbyists’ ideology has become government policy”, given the close affinity between her and the institutions that call it home or near it, including the Taxpayers Alliance, the Global Warming Policy Foundation, the Center for Policy Studies, the Adam Smith Institute, and the Institute of Economic Affairs (IEA).
“Basically, the blander the name of a ‘Tufton Street’ outfit, the more evil it is,” comedian Stewart Lee recently noted in The Observer.
Led By Donkeys points out that Ms Truss has appointed a number of senior advisers including Matthew Sinclair, Alex Wild, Caroline Elsom, Ruth Porter and Julian Jessop from Tufton Street organizations and is said to have spoken at more events in the IEA than any other politician in recent years. 12, underscoring how intertwined his influence has become within the conservative hierarchy.
He also notes that a number of these groups had taken to social media to gloat about the inclusion of the policies their members had endorsed in Mr Kwarteng’s mini-budget before the markets reacted so negatively. towards them and that they have been a little quieter on the subject since.
Jack Fenwick’s recent documentary on BBC Radio 4 The other black door also examined the role of Tufton Street, tracing its growing influence within the Conservative Party right through the era of austerity and then Brexit.
Angela Rayner, Deputy Leader of the Labor Party, appeared on the show and commented: “55 Tufton Street should have no more influence than any other street in the UK and what seems to be happening here, it’s that this street seems to dominate a particular policy and what’s going on in government and legislation and it’s not transparent enough at the moment.
“It’s very clear to me that there are shady situations where there is clear money and power and influence in this particular area… No one is saying these people can’t exist but I think it’s important for the public to know where these people are coming from and where their money and finances are coming from because that influences how legislation is passed by Parliament and influences key decision-making that has a significant impact on the UK.
Another contributor to the program, conservative pundit Andrew Lilico, argued that the secrecy surrounding precisely who funds the residents of the address is necessary, because otherwise they too would find themselves targeted by activists fundamentally opposed to their activities, which would only result in harassment.
In Tuesday’s testimony, he might be right.