JEREMY Hunt has urged his Tory colleagues to give Liz Truss time.
Mr Hunt, a former leadership candidate, admitted the Government had endured a difficult week but said the new Prime Minister deserved a greater chance.
He told GB News today (SAT): “I think we have to give Liz Truss time. I mean, I didn’t vote for her myself. But she won the election fair and square and we have to give her time.
“I think that you know in a couple of months time the markets will have settled down. We will have shown the country as Conservatives how we’re going to balance the books because you have to do that.
“We’ll have seen the rest of her economic package, and I’m sure she and Kwasi will have a very substantial one. Then I think that’s the time to make a judgment. I think it’s a bit premature. It obviously was a very wobbly week. But we have to let things settle down. And that I think will be the time to make judgments.”
His comments came after Liz Truss Prime Minister Liz Truss admitted there has been “disruption” in the UK economy following the mini-budget.
However she said she had “acted decisively” and would keep an “iron grip” on the nation’s finances.
The government unveiled £45bn of tax cuts funded by borrowing last week – but did not accompany it with the usual economic assessment of the plans.
That worried investors causing the pound to slump and forcing the Bank of England to step in to reassure markets.
Ms Truss has resisted calls to reverse the cuts or to bring forward publication of the independent fiscal watchdog’s economic forecasts and analysis of her tax plans.
The prime minister said she was “committed” to publishing the Office for Budget Responsibility (OBR) forecast on 23 November, the same day the chancellor is due to set out further economic plans, after she met the OBR on Friday.
But some Conservative MPs want to see this sooner to reassure the financial markets after turbulent trading.
The Treasury argues it should wait until additional changes are announced.
Ms Truss also confirmed on Thursday that she was looking for cuts across government as a way to pay for the mini-budget measures.
