In an excruciating news conference - so short the gathered political press pack were left open-mouthed as she departed - Liz Truss made her already perilous political position even worse, writes Sky’s BethRigby
First, on policy, she has buckled and reversed her position on corporation tax. She will now go ahead with the increase proposed by her leadership rival, Rishi Sunak.
Does she still believe it will put people off investing? We don't know because she didn't stick around at the news conference long enough to be asked. The way in which the prime minister delivered this news really matters. Not just because of the lack of scrutiny that came from only taking four questions and barely engaging with them in the answers - but because her party, and indeed the markets, will have been watching to see how she handled the situation.
Their fears are that she is out of her depth. They want to see that she can handle being prime minister. And the early signs are that her performance today failed on both fronts.Jeremy Hunt's installation as the new chancellor
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