Senior Tory warns Truss economic U-turn must be ‘significant’

Mel Stride, the chair of parliament’s Treasury select committee. Photograph: PA Images/Alamy

A senior Conservative MP has said that Liz Truss must not “nibble at the edges” but instead perform a “powerful” and “significant” U-turn with its so-far disastrous economic plan.

Mel Stride, the chair of parliament’s Treasury select committee, told the BBC’s Today programme: “My personal view is that it [a U-turn] should happen, we have reached a point where we need this very powerful and significant signal to the markets that fiscal credibility is firmly back on the table, and I think that means doing something right now and not delaying.