Liz Truss admits mistakes over mini-budget but stands by tax-cutting package

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Liz Truss admits mistakes over mini-budget but stands by tax-cutting package
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The Prime Minister said she had not laid the ground properly for the plan.

The Prime Minister repeatedly refused to rule out cuts to public services, saying she would not pre-empt Mr Kwarteng’s medium-term fiscal plan in November.

Ms Truss defended the dramatic break with past Conservative policy on stewardship of the public finances despite not having her own mandate at a general election. “That is what our plan will deliver. I’m confident it will deliver. I’m absolutely confident that what we are doing on speeding up road projects, unleashing investment from the City, reducing taxes will deliver that,” she said.

Pressed on whether he will vote for the package in the Commons, he said: “I don’t believe it’s right.” Writing in The Daily Telegraph, Labour leader Sir Keir Starmer said it is “unacceptable” that neither the country nor Parliament has had any say on the measures despite the chaos wreaked on the financial markets.

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