Liz Truss pledges not to cut public spending

Liz Truss is battling to convince both the markets and some of her own MPs that her economic plans add up.

At Prime Minister’s questions she told MPs that there would be no public spending cuts. But a treasury minister also insisted that the chancellor won’t reverse the tax cuts he announced just a month ago.

Tonight, a senior Conservative MP is reported to have accused Liz Truss of trashing the last 10 years of conservatism.