Liz Truss has admitted Chancellor Kwasi Kwarteng’s mini-budget caused “disruption” but insisted they were right to act to get the economy moving and to protect families from soaring energy bills. As Tories prepared to head to Birmingham for their annual conference, the Prime Minister warned the country faced a “difficult winter” ahead as she indicated she had no plans to reverse her tax-cutting agenda. “The British taxpayer expects their Government to work as efficiently and effectively as possible, and we will deliver on that expectation,” he said. The Prime Minister, however, insisted that Mr Kwarteng was right to cut taxes as part of their plan to drive up the UK’s sluggish rate of economic growth. After a highly unusual meeting on Friday with both the Prime Minister and the Chancellor, the head of the OBR, Richard Hughes, confirmed they would deliver their preliminary forecasts to the Treasury at the end of next week.

Source: The Times September 30, 2022 21:23 UTC