Katy Balls Katy Balls

Tory nerves are growing over Truss’s tax cuts

(Photo: Getty)

Tory nerves are growing over Liz Truss’s economic plans. As the fallout from Chancellor Kwasi Kwarteng’s not-so-mini-budget continues to dominate the news, the Prime Minister has doubled down. In a pool clip this afternoon, Treasury minister Andrew Griffith has rejected calls for the government to row back on Friday’s fiscal event – insisting Truss’s plans are the ‘right plans’ to grow the UK economy. Government sources have also made it clear that Truss has no plans to part ways with her Chancellor.

Smith’s call for changes to the growth plan is echoed privately by a growing number of Tory MPs

Yet Truss could still be forced to look again. Unease is building on the backbenches over her economic strategy. This evening, former chief whip Julian Smith has gone public with his concerns: ‘It is critical that the government is honest about the current situation and plays its part in stabilising markets. It can keep a growth plan but needs to make changes.

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