Rishi Sunak took aim at Liz Truss during his first address to the nation as prime minister saying "mistakes were made" while she was in office.
18.10.2022 - 00:53 / manchestereveningnews.co.uk
Liz Truss has apologised for her 'mistakes' and has pledged to lead the Tories into the next general election as she fought for her job after ditching her tax-cutting plans. The Prime Minister said she has 'adjusted what we’re doing' after the Government’s fiscal policies spooked the markets.
It comes as she sacked Kwasi Kwarteng, replacing him with Jeremy Hunt as the Chancellor, after just 39 days as Prime Minister. She said the move was a fresh strategy to 'restore economic stability' in the UK.
Truss is still battling to save her premiership after her economic agenda was left in tatters by the dismantling of her former chancellor’s landmark mini-budget.
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“I do think it is the mark of an honest politician who does say, yes, I’ve made a mistake,” she said. Speaking after Jeremy Hunt – the new Chancellor – scaled back the energy support package and ditched 'almost all' the tax cuts announced by his predecessor, Truss said she wanted to 'accept responsibility and say sorry for the mistakes that have been made'.
“I wanted to act… to help people with their energy bills to deal with the issue of high taxes, but we went too far and too fast. I’ve acknowledged that,” she told the BBC.
She added she is 'sticking around' because she was 'elected to deliver for this country', and said: “I will lead the Conservatives into the next general election.”
The pressure on the Prime Minister gained traction on Monday evening with five Tories now openly calling for her to go after just six weeks in power. Sir Charles Walker was the latest to make the case for her exit.
He told Sky News’ Beth Rigby:
Rishi Sunak took aim at Liz Truss during his first address to the nation as prime minister saying "mistakes were made" while she was in office.
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U.K. Prime Minister Liz Truss' push to cut taxes for her country's highest earners was a "mistake," President Biden stated Saturday. Truss was forced to scrap large portions of her tax plan last week amid market turmoil and disintegrating public confidence.
British Prime Minister Liz Truss will move to reshape her government’s economic policy after firing Chancellor of the Exchequer Kwasi Kwarteng and dropping key parts of her economic plan in response to market panic caused by the proposed "mini-budget." "After the fallout from the mini-budget, the Prime Minister needed to take drastic action to calm the markets and save her job," Alan Mendoza, executive director of the Henry Jackson Society, told Fox News Digital. "Sacking the architect of the policy, while brutal, was the most logical way to restore confidence and give her some breathing space to regroup politically." "Once [Truss] reached that conclusion it was only a matter of time before she acted on it, as had she not, it would now be her head on the platter rather than his," Mendoza added. The British pound dropped sharply after the government announced Kwarteng’s "mini-budget," a series of cuts to taxes intended to spur growth and fight record inflation.The program proved contentious, and Kwarteng did not explain how the government planned to fund the cuts and offset the costs. "We need a new approach for a new era, focused on growth," Kwarteng told lawmakers in the House of Commons when he introduced the plan, which he argued would provide short-term help for homes and businesses in the face of spiking energy costs while trying to increase tax revenues in the coming years. FILE - Britain's Chancellor of the Exchequer Kwasi Kwarteng arrives in Downing Street in London, on Sept.
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