Prime Minister Liz Truss has vowed to “usher in a decade of dynamism” while Chancellor Kwasi Kwarteng said their tax cuts were just the “first step towards igniting growth” as the pair were forced to defend the controversial measures.
Using more than £70 billion of increased borrowing, Mr Kwarteng announced the biggest programme of tax cuts for 50 years, including abolishing the top rate of income tax for the highest earners.
