Liz Truss admits UK faces economic 'disruption' over mini budget

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Liz Truss admitted to her chancellor's mini-budget Kwasi Kwarteng has caused 'disruption' as she pledges to 'do things differently' from former Tory leaders.

As the Tories prepare for their annual conference, the Prime Minister has warned that the country was facing a "difficult winter" as she made it clear she had no intention of changing course on her sweeping debt-fueled tax-cutting agenda.

" I recognize there have been disruptions, but it was really, really important that we were able to help families as soon as possible,” the Prime Minister told broadcasters on Friday – po intant the cap on the cost per unit of energy.

Ms Truss's comments came at the end of a chaotic week that saw the pound crash to an all-time low, th La Bank of England was forced to spend billions on public debt and Labor took an astonishing 33 point lead over the Tories.

Unabashedly, Ms Truss claimed she had "actively resolutely" and suggested that further disturbances awaited him. “I will do things differently. It involves tough decisions and involves short-term disruption," she wrote in The Sun.

Despite being in Number 10 for less than a month, some have questioned whether Ms Truss can now survive until the end of the year.'She's finished, there are a lot of [censorship] letters coming in,' a former minister said at the i.

With economists and labor leaders warning of a return to austerity, Ms Truss refused to commit to the annual increase in benefits in line with inflation in April - something Rishi Sunak promised to do when he was Chancellor.

Pressed in her interview, Ms Truss said only that he was "something the Secretary for Work and Pensions [Chloe Smith] is considering".

However, Upgrade Secretary Simon Clarke went further and suggested he was looking to reduce the overall size of the state .

"I can nse that it is important that we look at an extremely large state and look at how we can ensure that it is fully aligned with a low-tax economy," he told The Times.

Mr. Kwarteng is due to release a medium-term budget plan outlining how it intends to reduce debt, along with an updated set of economic forecasts from the Office for Budget Responsibility (OBR) - on November 23.

Some Tory MPs urged him to bring forward the release date to restore market confidence in the government.

Mr. Kwarteng has defended his mini-budget - saying he "had no choice" but to do "something different" to stimulate the economy to grow."

The Confederation of British Industry (CBI) has urged the government to reassure the markets with a "clear budget plan". the tax cuts would be paid for.

The upgrade secretary hinted that sweeping new plans for the economy announced by Mr Kwarteng in late November could include changes to the green belt.< /p>

"The fact that the green belt is bigger today than it was when Margaret Thatcher came to power is an extraordinary situation," Clarke said.

< p>The Minister added: "We need to consider a planning system in which we make judicious adjustments that do not threaten communities and are essentially about following popular consent and creating incentives for local areas to sustain growth."< /p>

Following a series of polls showing huge swings in Labor Following the mini-budget, Tory MP Sir Charles Walker said it was "difficult to build an argument now that the Tories can win this general election".

Sir Charles told Times Radio: "I suspect the conversation is, you know, 'how much are we losing'?" The senior official said the government still had a "duty to the country to put the public finances back in the best possible shape" before 'he won't lose.

Tory MPs are reportedly in talks with Labor to defeat parts of the Budget in the Commons - with many particularly angry at the top 45p being scrapped...

Liz Truss admits UK faces economic 'disruption' over mini budget
IndyEat

Liz Truss admitted to her chancellor's mini-budget Kwasi Kwarteng has caused 'disruption' as she pledges to 'do things differently' from former Tory leaders.

As the Tories prepare for their annual conference, the Prime Minister has warned that the country was facing a "difficult winter" as she made it clear she had no intention of changing course on her sweeping debt-fueled tax-cutting agenda.

" I recognize there have been disruptions, but it was really, really important that we were able to help families as soon as possible,” the Prime Minister told broadcasters on Friday – po intant the cap on the cost per unit of energy.

Ms Truss's comments came at the end of a chaotic week that saw the pound crash to an all-time low, th La Bank of England was forced to spend billions on public debt and Labor took an astonishing 33 point lead over the Tories.

Unabashedly, Ms Truss claimed she had "actively resolutely" and suggested that further disturbances awaited him. “I will do things differently. It involves tough decisions and involves short-term disruption," she wrote in The Sun.

Despite being in Number 10 for less than a month, some have questioned whether Ms Truss can now survive until the end of the year.'She's finished, there are a lot of [censorship] letters coming in,' a former minister said at the i.

With economists and labor leaders warning of a return to austerity, Ms Truss refused to commit to the annual increase in benefits in line with inflation in April - something Rishi Sunak promised to do when he was Chancellor.

Pressed in her interview, Ms Truss said only that he was "something the Secretary for Work and Pensions [Chloe Smith] is considering".

However, Upgrade Secretary Simon Clarke went further and suggested he was looking to reduce the overall size of the state .

"I can nse that it is important that we look at an extremely large state and look at how we can ensure that it is fully aligned with a low-tax economy," he told The Times.

Mr. Kwarteng is due to release a medium-term budget plan outlining how it intends to reduce debt, along with an updated set of economic forecasts from the Office for Budget Responsibility (OBR) - on November 23.

Some Tory MPs urged him to bring forward the release date to restore market confidence in the government.

Mr. Kwarteng has defended his mini-budget - saying he "had no choice" but to do "something different" to stimulate the economy to grow."

The Confederation of British Industry (CBI) has urged the government to reassure the markets with a "clear budget plan". the tax cuts would be paid for.

The upgrade secretary hinted that sweeping new plans for the economy announced by Mr Kwarteng in late November could include changes to the green belt.< /p>

"The fact that the green belt is bigger today than it was when Margaret Thatcher came to power is an extraordinary situation," Clarke said.

< p>The Minister added: "We need to consider a planning system in which we make judicious adjustments that do not threaten communities and are essentially about following popular consent and creating incentives for local areas to sustain growth."< /p>

Following a series of polls showing huge swings in Labor Following the mini-budget, Tory MP Sir Charles Walker said it was "difficult to build an argument now that the Tories can win this general election".

Sir Charles told Times Radio: "I suspect the conversation is, you know, 'how much are we losing'?" The senior official said the government still had a "duty to the country to put the public finances back in the best possible shape" before 'he won't lose.

Tory MPs are reportedly in talks with Labor to defeat parts of the Budget in the Commons - with many particularly angry at the top 45p being scrapped...

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