Truss says she has the ‘right plan’, but markets and public disagree

The prime minister has insisted she has the “right plan” for the country, pledging to slash spending to support her tax-cutting mini-Budget. Meanwhile,  Conservative Party chair Jake Berry has accused the markets of “overreacting” and “misunderstanding” the government’s economic plan, as the FTSE 250 suffers its worst slump since the Covid lockdowns. A poll by The Times suggests the nation disagrees with Berry, giving Labour a 33-point lead. Liz Truss has said she will not change course and is standing by her plans. Departments have been told to prepare for cuts on a scale akin to the austerity measures a decade ago. Truss has now agreed to hold emergency talks with the Office for Budget Responsibility. One government insider said the OBR meeting was “like trying to read the manual after you’ve broken the thing”. The Times (£) and The Times (£) The FT (£) and The FT (£) The Guardian