British Prime Minister, Liz Truss, has reversed key policies of her government’s growth plan.
In a news conference shortly after sacking her finance minister, Kwasi Kwarteng, the Prime Minister said the government will have to change tactics to deliver its mission.
When asked why she should remain as prime minister given what has happened today.
Truss said: “I’m absolutely determined to see through what I promised – to deliver a higher growth, more prosperous United Kingdom to see us though the storm we face.
“We’ve already delivered the energy price guarantee, making sure people aren’t facing huge bills this winter.
“It was right, in the face of issues we had, that I acted decisively to ensure we had economic stability – that is vitally important to people and businesses right across our country.”
Truss however said she was sorry to lose her good friend, Kwarteng, and confirmed that she had appointed Jeremy Hunt in his place.
Truss also confirmed the government would raise corporation tax next April to 25% from 19%, despite pledging not to do so in the mini-budget.