North East Labour MPs accused Liz Truss of being just as responsible for the UK’s economic chaos as Kwasi Kwarteng, after the Chancellor was sacked.
The Prime Minister vowed not to quit her job on Friday afternoon, pledging to “see through what I have promised” after removing Mr Kwarteng and announcing another major U-turn. Ms Truss admitted that parts of the mini-budget last month went “further and faster” than markets had expected, as she reversed plans to scrap a rise in corporation tax.
But Chi Onwurah, Labour MP for Newcastle Central, warned that replacing Mr Kwarteng in No 11 Downing Street with Jeremy Hunt “won't undo the damage done” by the turmoil of recent weeks. She added: “We don't just need a change in Chancellor, we need a change in government.”
