The Prime Minister said her mission remains the pursuit of a "low-tax, highwage, high-growth economy" but accepted parts of the mini-budget last month went "further and faster" than markets expected.
Admitting she had to change course, she reversed a key policy to scrap the planned rise in corporation tax from 19% to 25%.
Speaking at a hastily-arranged Downing Street press conference, she said: "It is clear that parts of our mini-budget went further and faster than markets were expecting so the way we are delivering our mission right now has to change."
But asked whether she should resign, Ms Truss said: "I am absolutely determined to see through what I have promised."
This story is from the October 15, 2022 edition of The Herald.
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This story is from the October 15, 2022 edition of The Herald.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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