Liz Truss backs mini-budget despite cabinet not being consulted on top tax rate by Chancellor Kwasi Kwarteng

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The Prime Minister reveals party was not consulted by Kwasi Kwarteng over the abolishment of the 45% tax rate.

Liz Truss has admitted the party should have ‘laid the ground better’ prior to the mini-budget, and scrapping 45% tax was a “decision the Chancellor made”.

Appearing on BBC’s Sunday with Laura Keunssberg show, the Prime Minister appears to shift the blame onto the chancellor - who reportedly attended a cocktail party with hedge fund managers on ‘budget day’.

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The interview was conducted ahead of the opening of the Conservative party conference in Birmingham.

Truss attempted to steady the ship, doubling down on her trickle-down agenda and telling doubters that the electorate voted for change in 2019 and she is "going to do things differently".

Here are the main talking point from Liz Truss’ interview with Laura Keunssberg on BBC’s Sunday with Laura Keunssberg:

What did Liz Truss say on BBC’s Sunday with Laura Keunssberg?

Prime Minister Liz Truss leaves the studio after appearing on the BBC1 current affairs programme, Sunday with Laura KuenssbergPrime Minister Liz Truss leaves the studio after appearing on the BBC1 current affairs programme, Sunday with Laura Kuenssberg
Prime Minister Liz Truss leaves the studio after appearing on the BBC1 current affairs programme, Sunday with Laura Kuenssberg

“We should’ve laid the groundwork better”

Kwasi Kwarteng’s announcement on budget day saw the pound immediately crash and markets enter a period of turmoil.

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