Parties on the first night of Tory conference were more muted than in previous years.
PM Liz Truss told a 1922 Committee and Conservative Home party that UK faces a “tough winter”, but “if we succeed”, the economy will grow, with “spades in the ground” by the end of 2023. She defended her tax cuts, saying “taxes are not something the Government owns”, but something “individuals work hard to create”. Hours later, her Government would U-turn on its plan to abolish the top rate of income tax. “Making profit is a good thing” she said, adding: “we haven’t made enough consevative arguments over the past few years”. Truss admitted of her first weeks in power: “Let’s be honest, it’s been a pretty momentous month”.
