UK still suffering from trauma of Liz Truss, says Treasury minister

Darren Jones outside Downing Street on Wednesday. He said the market panic after Liz Truss’s budget was ‘completely different to now’. Photograph: Thomas Krych/Zuma Press Wire/Rex/Shutterstock

The chief secretary to the Treasury has claimed the UK is still suffering from the trauma of Liz Truss’s economic mismanagement amid market jitters after this week’s budget.

Darren Jones said “we are in a very different world” from the market panic that followed Truss’s mini-budget two years ago, despite a slight rise in government borrowing costs and a drop in the value of the pound in the past 48 hours.