After just a few weeks in office, Great Britain's Chancellor of the Exchequer, Kwasi Kwarteng, is so badly damaged that bets are running as to how long he can hold out.
The polls are disastrous.
With remarkable lack of political instinct, he presented a tax cut plan that now appears downright toxic in public perception.
Kwarteng is associated with the weakness of the pound.
The fact that the pound has now largely recovered to its mid-September level is lost in public discussion.
Kwarteng didn't combine the tax cuts with a budget consolidation plan, which frightened the capital market.
It will be difficult to restore trust.
Now the Chancellor of the Exchequer had to back down in the face of a Tory revolt and cancel the planned abolition of the 45 percent top tax rate.
This is an embarrassing about-face, including for Prime Minister Liz Truss.
Neither come across as Thatcher reformers, but as clumsies.
One could have considered beforehand how much political attack surface this plan offers.
It was easy for Labor to portray the Tories as cronies of the rich handing out tax breaks to top earners while ordinary people suffer cuts and falling real wages.
The tax plan is also questionable from an economic point of view.
At a time of rapid inflation, the relief package strengthens consumer demand, which tends to increase inflation.
The central bank must take countermeasures all the more.
It is doubtful whether the tax cut package will really strengthen potential growth in the long term.
There will still be a lot of resistance to the supply-side reforms, such as the planning reform for easier building in green areas, especially in the rich areas of southern England.
The plans for special economic zones may strengthen individual locations, but not the entire country.
All in all, a very big question mark has to be placed on Kwarteng's promise of 2.5 percent growth.