Truss and the Tories on the Rocks

U.K. Prime Minister Liz Truss on Friday bowed to political pressure and jettisoned another big chunk of her supply-side agenda—and Chancellor Kwasi Kwarteng. Her critics will now get all the energy subsidies she promised and less prospect for economic growth. Congratulations.

Ms. Truss made Mr. Kwarteng a ritual political sacrifice only three weeks after he announced a policy of tax-rate cuts and deregulation. The rollout was rushed and clearly botched, but her panicky surrender compounds the error with a show of weakness. Ms. Truss has named Tory war horse Jeremy Hunt as the new Chancellor, and perhaps he can convince enough flighty Tories to support whatever Ms. Truss’s new plan ends up being.