Prime Minister Liz Truss and Jeremy Hunt will hold talks at Chequers today as the government tries to salvage its economic credibility.
Mr Hunt, who has replaced Kwasi Kwarteng as chancellor, said in a statement that his focus was on growth “underpinned by stability”.
He warned of possible tax rises and savings in public spending, saying the mini-budget went “too far, too fast”.
But some Conservatives are unhappy amid disquiet over Ms Truss’s leadership.
In a series of interviews on Saturday, the prime minister’s new right-hand man signalled he would slow down Ms Truss’s tax-cutting agenda and reverse some of the pledges made by Mr Kwarteng, who was sacked on Friday.
He said this was necessary to ensure stability on the financial markets.
“Taxes are not going to come down by as much as people hoped, and some taxes will have to go up,” the chancellor told BBC Radio 4’s Today programme. “I’m going to be asking all government departments to find additional efficiency savings.”
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