Ground should have been laid for tax cuts, admits Liz Truss

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Ground should have been laid for tax cuts, admits Liz Truss
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But the prime minister says she sticks by her mini budget, despite a bad reaction from the markets.

The announcements sparked days of turbulence in financial markets, with the pound falling to a record low against the US dollar on Monday, although it has since recovered.

In an interview for the BBC's Sunday With Laura Kuenssberg, she said remained committed to her approach and she was "confident" better growth would result."I do stand by the package we announced and I stand by the fact we announced it quickly, because we had to act," the prime minister added. But Mr Gove, who has served in several cabinet roles in previous governments, expressed concerns about scrapping the top rate at a time when "people are suffering".

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