That is what we have a clear plan to deliver.” But everyone will benefit from the result – a growing economy and a better future.

Whenever there is change, there is disruption.

She will say: “We need to do things differently. In her speech on Wednesday, Truss was set to repeat her central argument that she wanted to “break us out of this high-tax, low-growth cycle”. At the same time, Downing Street sources were briefing that he would try to make the statement this month instead of next, if possible.Ġ0:31 Kwasi Kwarteng confirms fiscal plan will be announced on 23 November – video With open disputes over the government’s tax and spending plans, Kwarteng caused further confusion by publicly dismissing the idea that he would bring forward his 23 November fiscal plan to calm the markets.

And it’s something that I think we do have a duty to look after vulnerable people.” Compassionate conservatism is a good phrase. He added: “I’m not gonna get drawn into debates around benefits … but I would make a broad point that we are a humane society. “I think you do have an obligation to vulnerable people,” he said, citing the energy price freeze. One cabinet minister also said they thought Chloe Smith, the work and pensions secretary, was on the same page, and privately colleagues thought the policy did not command the support of the parliamentary party.Īt a fringe event for the free-market thinktank the Institute of Economic Affairs, Kwasi Kwarteng, the chancellor, was non-committal on welfare cuts and appeared to be keen to dial down the row, though a review will take place into the uplift. However, two other cabinet ministers, Penny Mordaunt and Robert Buckland, along with the Brexit hardliner David Frost, broke ranks to say they did not support the idea of failing to increase benefits in line with inflation. A way would be found to make that change.”īattle lines were also drawn over Truss’s refusal to rule out saving £4bn a year by raising benefits in line with earnings rather than inflation – a real-terms cut that could further squeeze the poorest.īraverman came out strongly in favour of the idea of cuts, hitting out at what she termed the UK’s “Benefits Street culture”, saying there needed to be “more stick” to get “a stubborn core who see welfare as the go-to option” back into work. While claiming he wanted Truss to succeed, he told Times Radio: “I don’t think members of parliament, Conservatives, if they see the polls continue as they are, are going to sit on their hands. On Tuesday, Shapps suggested Truss had about 10 days to turn things around and signalled MPs may try to remove her if polls continued to show Labour on course for a landslide majority.

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