Her ideology is dying and her position as prime minister hangs by a thread. Last night British Prime Minister Liz Truss apologized for the economic chaos and instability her fiscal budget has caused

She is a prime minister who lives hour after hour, holding on to her position while everything around her collapses like a house of cards. “We will reverse almost all of the measures announced in the budget,” her new Chancellor of the Exchequer, Jeremy Hunt, said in the House of Commons yesterday, three weeks after the pound plummeted and the Bank of England intervened to avert damage to pensions.

This is a complete dismantling of the radical tax system that was at the heart of Truss’s tenure as Prime Minister and the issue on which she was voted by Conservative Party members. Hunt uses his actions to regain market confidence and ensure Truss remains prime minister.

“You can’t light the toast”

Overborrow and overspend without explaining how you will fill that gap in your budget. The British economic experiment shows how a country can be punished by the financial markets. The lack of confidence led to a fall in the British pound, to dumping of government bonds and to a sharp rise in interest rates with all its consequences.

“You can’t light the toast‘ says the opposition. The damage is done and hard-working Brits are now footing the bill, is Labor’s slogan, which is doing better than ever in the polls.

And the economic forecasts are unambiguous: Experts expect interest rates to roughly triple in the coming years, putting 30 to 40 percent of low-income homeowners in trouble with their mortgages.

There is also rumbling within his own party

Truss worked to reduce taxes and thereby create economic growth. With those plans largely in the bin, the big question in Westminster is what they actually stand for. “Or maybe she’s hiding under her desk,” sneered one MP in the House of Commons yesterday, where Truss was absent.

To which Penny Mordaunt, a confidante of Truss’s, said again: “No, the Prime Minister is not hiding under her desk.”

The ball is now in the hands of the Conservative Party. Normally, 15 percent of the House of Commons (about 54 of the 359 Conservative MPs) have to send a letter to the so-called 1922 Committee to vote no confidence in a prime minister and force a vote. In the case of Truss, the number of letters should be many times higher, someone is actually certain of that in the first year of the Premiership.

A common joke in the hallways is that Graham Brady, the 1922 committee chairman, will soon be unable to open his office door because of the volume of letters on his doormat.

According to research agency YouGov, a majority of conservative party members are now calling for Truss to resign:

Is it conceivable that the British Prime Minister will be replaced after just one month in office? The chaos and hysteria in British politics is something of recent years. Past prime ministers like Tony Blair and Margaret Thatcher have been in power for more than a decade. John Major and David Cameron also managed to hold their positions at 10 Downing Street for about six or seven years.

Since the Brexit referendum in 2016, the rate at which political leaders are dying has increased. Shelf life was getting shorter and shorter: Theresa May, Boris Johnson and now maybe Liz Truss. Truss tries to appear determined to restore her authority and move on. The question is, will she still get that chance?