Liz Truss warns Britain of tough times ahead as energy bills soar from TODAY

  • 2 years ago
Liz Truss acknowledged for the first time on Friday evening that the government's mini-budget had caused some 'disruption', but doubled down on her strategy. Ms Truss made it clear she has no intention of back-tracking on the government's £45 billion worth of tax cuts, despite a new poll showing 51 per cent of voters want her to resign. But one of her key allies said Britain has been living in a 'fool's paradise' and should prepare for austerity, as the Prime Minister stood by Chancellor Kwasi Kwarteng's mini-budget despite its 'disruption' to the markets. It comes as millions face higher energy bills from today after the new price cap per unit came into force. Her comments also came at the end of a tumultuous week which saw the pound slump to an all-time low against the dollar at 1.03, and the Bank of England forced to pledge up to £65 billion buying up government debt to prevent a collapse of the pensions industry.