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Evening Standard
Evening Standard
World
Michael Howie

Treasury minister says ‘we’ll press ahead with tax cuts’ as Tory backlash grows amid market turmoil

People walk past a sign that shows the exchange rate at a bureau de change in London

(Picture: AP)

A Treasury minister has insisted the Government is sticking to its controversial growth plan despite turmoil in financial markets and a growing Tory backlash.

Andrew Griffith spoke out as pressure grew on Kwasi Kwarteng after market fears over his economic policies - including a shock move to scrap the 45p income tax rate for the highest earners -announced in Friday’s mini-Budget - sent sterling crashing to an all-time low against the dollar.

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