Theresa May’s position as Prime Minister is far more secure than it looks.

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In the few days since Theresa May’s difficulties during her keynote speech at last week’s Conservative Party Conference, rumours have abounded as to how much longer she can remain in the role, suggesting that her premiership is teetering on a cliff edge. In fact, it is anything but.

It says a lot, that the only attempt at a rebellion was led by the comically inept Grant Shapps (as many commentators were quick to point out, one wonders how many of the names on Shapps’ “list” were his own alter egos…), and it is highly unlikely that any credible figure will emerge to depose May any time soon.

For the few Cabinet members who could provide a credible alternative to Theresa May, it makes absolutely no sense to try and take over right now.

David Davis? He’s seen first hand how difficult Brexit will be to actually deliver, so there’s absolutely no way he’d want to carry the can for the disaster.

Amber Rudd? Perhaps the Cabinet member best suited to being PM, but difficult to imagine her wanting to take up the job whilst simultaneously trying to defend a wafer thin majority in her own constituency, and given that she was an arch-remainer, she wouldn’t be a popular choice with the party membership.

Philip Hammond? Too boring!

And Boris? Well, given that his primary concern is polishing his own reputation he’d have no interest in the impossible task of trying to deliver his referendum promises — instead preferring to come in “save the day” when the damage has already been done.

And given that no rebellion is ever going to have one of these people as a figurehead, it is unlikely to have any real success.

The main reason for this, is that despite many Conservative MPs (likely including those listed above) feel that Theresa May leading them into the next election would be inadvisable, they are terrified of the civil war they’d precipitate by deposing her. Since the referendum, most of the commentary on party divisions has focused on the Labour Party, and the stark divisions between the Corbynites and the Blairites. In fact, the Conservative Party are as (if not more) divided — up to now at least they’ve just been better at hiding it.

Any leadership election would be bloody and completely tear the party apart. And after all that, the likely outcome would be Jacob Rees-Mogg winning the leadership — a surefire way to never win a General Election. It is laughable that some seem to think Rees-Mogg — an Old-Etonian whose views on social issues would have been considered old fashioned sixty years ago — the answer to the Conservative Party’s problems with young voters. But this is the guy who Tory activists will likely coalesce around, and as such moderates in the Party will have to find their own single candidate to avoid splitting the vote.

This candidate is unlikely to come to the fore until shortly before the next General Election (still scheduled for 2022), with some suggestion from Ruth Davidson that she may be open to the leadership post-2021.

Given this current situation, despite what it may look like, Theresa May’s position is actually pretty safe for now.

Despite this, Boris remains a danger. Although he won’t lead a rebellion, he’s likely to continue to cause trouble. May can’t sack him (although given his conduct as Foreign Secretary, this would be a perfectly proportionate response) as that would risk turning him into a martyr — already popular with the party membership, he’d use the sacking to manoeuvre himself into the leadership, and it’s always better to have your rivals inside the tent. Instead, she should reshuffle him, which May implied in interviews published today that she might be prepared to do. Demote him by moving him to Business, still sufficiently Brexity but with more to do, in the hope that this will prevent him from going off-piste quite so often — wading into other policy areas and causing damage. Do this, and May keeps herself safe.

Despite the current furore, things will quieten down soon. If the Cabinet want to get rid of May because of the election result, then the time to do so was immediately after the election — to back her immediately after the election only to stab her in the back a couple of months later would reflect very badly on the perpetrators in the long-run. Plus, no one wants to become Prime Minister, only to have to take responsibility of Brexit.

Although her position looks wobbly, at the moment it is anything but.

One step forward for student fees, two steps back for housing.

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This week’s Conservative Party conference began with Theresa May pledging action on student fees and housing, pitched as a generous offer to young voters — long considered her party’s achilles heel.

First was a pledge to ‘freeze’ university tuition fees at £9,250 a year, a change from the policy announced earlier in the year to allow universities to increase fees by £250 a year. Calling this a ‘freeze’ is clearly taking positive spin to the extremes, as in reality it’s hard to see this as anything other than a u-turn. In any case, it’s generally accepted that the actual annual rate of tuition fees has little impact on deterring university applications from any background, and given that the vast majority of graduates never pay back the full amount anyway, it’s a change that will only be financially beneficial to the highest earners. This is just a cosmetic change in an attempt to compete with Jeremy Corbyn’s pledge to completely scrap tuition fees — a pledge that somewhat misses the point of the problem, which isn’t the existence of student loans (many people agree that students should pay something for further education and the subsequent increase in wages) but the steep repayments, and the seeming pointlessness of a system where loans are so high that almost no one can actually pay them off anyway.

But, what followed was the promise of a much more consequential (and welcome) change in policy — to increase the repayment threshold on student loans from £21,000 to £25,000. When the new system of student loans was originally brought in by the Coalition Government in 2012, one of the key parts of the policy was that the repayment threshold would rise (to account for inflation), but ultimately this was scrapped and the repayment threshold has remained at £21,000 for five years. Theresa May’s decision to increase it is a welcome one, and one which will actually have an appreciable impact.

On housing on the other hand, Theresa May pledged an extra £10bn for the Help to Buy scheme, which offers 20 percent equity loans to buyers of new builds worth up to £600,000.

This is a misguided policy decision. It is indeed true that many young people struggle to get on the housing ladder. And the PM is correct to pick it out as an issue she should look to address. But the problem is, in reality, one of a low supply of affordable housing (particularly in certain areas) and high demand.

As anyone with any knowledge of basic economics knows, if you pump money into increasing demand or purchasing power, without any attempt to address a fundamental problem of lack of supply, all you will succeed in doing is increasing prices. This change is therefore unlikely to have any real benefit for those struggling to afford a first property.

Additionally, the fact that Help to Buy is limited to new build properties causes further problems, making it more difficult for existing homeowners to sell their properties (and devaluing them in the process) and slowing the market down even further.

It is true that radical reform of housing is required and neither of the two main parties seem to have the answers. Jeremy Corbyn’s proposal for rent controls, announced at last week’s Labour Party Conference, also wouldn’t help. Whilst capping rents would reduce costs for some, there would be a concurrent reduction in housing supply as it would effectively kill the buy-to-let industry.

I confess that I do not know the answer to the problems of the housing market, but new and radical ideas are clearly needed.

It seems unlikely that they will arrive in this Parliament, where the Government has decided to be cautious on account of their lack of a parliamentary majority and the herculean task of implementing Brexit.

But really, Theresa May has a very real opportunity to attempt the radical reform to help the ‘just about managing’ that she promised when the first stood on the steps of Number 10 last summer. No one else in the Conservative Party has the stomach to carry the can for Brexit; so although Theresa May’s position as Prime Minister looks insecure, in fact it is anything but. This gives her an enviable opportunity to attempt radical reform. It’s is generally expected that she will lose the next election (although given that nothing seems certain in politics these days, I wouldn’t count on it), so she’s got nothing to lose. And by attempting radical reform of housing (and public services too), May could arguably save her premiership, rather than letting it become completely defined by Brexit.