The Sunday papers brought the news that Jeremy Hunt was to “postpone” the penny cut to income tax that had formed the centre-piece of Kwasi Kwarteng’s mini-Budget. Hunt told readers of The Sunday Telegraph that some “very difficult decisions” would be required to “get debt falling” and “restore market confidence”. Andrew Bailey warned of higher interest rates.
Meanwhile, Liz Truss told Sun on Sunday readers that her “mission will remain the same” as she pledged measures to stop Britain from being held back by “a militant mob” of “guerilla protests” and over-powerful “militant trade unions”. Sources suggested to the Mail on Sunday that Ben Wallace “could be persuaded” to stand in a leadership contest to replace Truss.
With acknowledgments to Harry Cole and James Heale‘s Out of the Blue: the Inside Story of the Unexpected Rise and Rapid Fall of Liz Truss