Kwasi Kwarteng has defended his mini-budget that sent the financial markets into a spin by saying that he needed to do "something different" to spark the economy.
The Chancellor said he "had no other choice" while recognising that the tax cutting decisions he has made will not be "universally popular".
As the Prime Minister admitted the strategy had caused "disruption", Kwasi Kwarteng said the public expected public spending would be tightly controlled.