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| I'll lead Tories into next election, says embattled Liz Truss | I'll lead Tories into next election, says embattled Liz Truss |
| (about 4 hours later) | |
| Liz Truss apologises for "mistakes made" | Liz Truss apologises for "mistakes made" |
| Liz Truss apologises for "mistakes made" | Liz Truss apologises for "mistakes made" |
| Liz Truss has insisted she will lead the Tories into the next general election, despite U-turns leaving her battling to salvage her authority. | Liz Truss has insisted she will lead the Tories into the next general election, despite U-turns leaving her battling to salvage her authority. |
| The PM apologised for making mistakes, after the new chancellor Jeremy Hunt junked almost all of her tax-cutting plans to stabilise market turmoil. | The PM apologised for making mistakes, after the new chancellor Jeremy Hunt junked almost all of her tax-cutting plans to stabilise market turmoil. |
| She added her month-old premiership "hasn't been perfect," but she had "fixed" mistakes. | She added her month-old premiership "hasn't been perfect," but she had "fixed" mistakes. |
| And she said it would have been "irresponsible" not to change course. | And she said it would have been "irresponsible" not to change course. |
| In an interview with the BBC, she said she was still committed to boosting UK economic growth, but acknowledged it would now take longer to achieve. | In an interview with the BBC, she said she was still committed to boosting UK economic growth, but acknowledged it would now take longer to achieve. |
| "I remain committed to the vision, but we will have to deliver that in a different way," she said. | "I remain committed to the vision, but we will have to deliver that in a different way," she said. |
| UK will pay its way, says Hunt as tax cuts reversed | UK will pay its way, says Hunt as tax cuts reversed |
| A government living hour by hour | A government living hour by hour |
| It comes after a dramatic day at Westminster, after Mr Hunt announced that nearly all the tax cuts announced at last month's mini-budget would be scrapped. | |
| The decision has been welcomed by investors, but has left Ms Truss's economic agenda in tatters only weeks into her time in No 10. | The decision has been welcomed by investors, but has left Ms Truss's economic agenda in tatters only weeks into her time in No 10. |
| Prime Minister Apologises for Mistakes | Prime Minister Apologises for Mistakes |
| Liz Truss told the BBC's Chris Mason she was "sorry for the mistakes that have been made". | Liz Truss told the BBC's Chris Mason she was "sorry for the mistakes that have been made". |
| Watch now on BBC iPlayer (UK Only) | Watch now on BBC iPlayer (UK Only) |
| In her interview, Ms Truss said she accepted responsibility for going "too far, too fast" - and she wanted to "say sorry for the mistakes that have been made". | In her interview, Ms Truss said she accepted responsibility for going "too far, too fast" - and she wanted to "say sorry for the mistakes that have been made". |
| She added that she remained committed to a "low tax, high growth economy" - but preserving economic stability was now the "priority". | |
| "I do think it is the mark of an honest politician who does say 'yes, I've made a mistake. I've addressed that mistake. And now we need to deliver for people'. | "I do think it is the mark of an honest politician who does say 'yes, I've made a mistake. I've addressed that mistake. And now we need to deliver for people'. |
| "It would have been completely irresponsible for me not to act in the national interest in the way I have." | "It would have been completely irresponsible for me not to act in the national interest in the way I have." |
| Shadow Treasury minister James Murray said the PM's apology "after weeks of blaming everyone else" would not "undo the damage" caused by her mini-budget. | Shadow Treasury minister James Murray said the PM's apology "after weeks of blaming everyone else" would not "undo the damage" caused by her mini-budget. |
| "No sorry can change the fact that this crisis was made in Downing Street but is being paid for by working people," he added. | "No sorry can change the fact that this crisis was made in Downing Street but is being paid for by working people," he added. |
| Liz Truss sat in the Commons for half an hour as Mr Hunt outlined the U-turns to MPs | Liz Truss sat in the Commons for half an hour as Mr Hunt outlined the U-turns to MPs |
| Earlier, Ms Truss watched on as Mr Hunt delivered a Commons statement to explain to MPs why the economic strategy, outlined last month by Kwasi Kwarteng, was being torn up. | Earlier, Ms Truss watched on as Mr Hunt delivered a Commons statement to explain to MPs why the economic strategy, outlined last month by Kwasi Kwarteng, was being torn up. |
| The chancellor warned that "decisions of eye-watering difficulty" on tax and spending remain ahead of an economic statement on 31 October, when he will give further details of a plan to reduce the UK's debt burden. | |
| He said further windfall taxes on energy companies - a policy repeatedly rubbished by Ms Truss during her Tory leadership campaign - could not be ruled out, along with changes to the pension triple lock. | He said further windfall taxes on energy companies - a policy repeatedly rubbished by Ms Truss during her Tory leadership campaign - could not be ruled out, along with changes to the pension triple lock. |
| Ms Truss refused a Labour request to explain the U-turns to MPs herself before Mr Hunt's statement, with Commons leader Penny Mordaunt saying she had been "detained on urgent business". | Ms Truss refused a Labour request to explain the U-turns to MPs herself before Mr Hunt's statement, with Commons leader Penny Mordaunt saying she had been "detained on urgent business". |
| Labour leader Sir Keir Starmer accused the PM of leaving an "utter vacuum" in government, while one of his MPs jibed she had been "cowering under a desk". | Labour leader Sir Keir Starmer accused the PM of leaving an "utter vacuum" in government, while one of his MPs jibed she had been "cowering under a desk". |
| In total, £32bn of the £45bn in tax cuts announced at last month's mini-budget have now been ditched, including plans to cut the basic rate of income tax from 20p to 19p from April. | In total, £32bn of the £45bn in tax cuts announced at last month's mini-budget have now been ditched, including plans to cut the basic rate of income tax from 20p to 19p from April. |
| Cuts to dividend taxes and VAT-free shopping for international tourists have also been scrapped, along with a freeze on alcohol duty rates. | Cuts to dividend taxes and VAT-free shopping for international tourists have also been scrapped, along with a freeze on alcohol duty rates. |
| Leadership threats | Leadership threats |
| The government's energy support package, a policy repeatedly championed by Ms Truss in defence of her premiership, will also be scaled back after six months. | The government's energy support package, a policy repeatedly championed by Ms Truss in defence of her premiership, will also be scaled back after six months. |
| The reversals have prompted some Tory MPs to talk privately about how Ms Truss could be ejected from office, despite party rules preventing a formal leadership challenge for a year. | The reversals have prompted some Tory MPs to talk privately about how Ms Truss could be ejected from office, despite party rules preventing a formal leadership challenge for a year. |
| Tactics reportedly under consideration include submitting no-confidence letters in a bid to force party bosses into a rule change, or changing the rules to allow MPs to bypass party members and pick a new leader themselves. | Tactics reportedly under consideration include submitting no-confidence letters in a bid to force party bosses into a rule change, or changing the rules to allow MPs to bypass party members and pick a new leader themselves. |
| How might Tory MPs get rid of Liz Truss? | How might Tory MPs get rid of Liz Truss? |
| Watch the full interview now on BBC iPlayer | Watch the full interview now on BBC iPlayer |
| However, there is little agreement over who should take over from Ms Truss if she is removed. | However, there is little agreement over who should take over from Ms Truss if she is removed. |
| Defence Secretary Ben Wallace has quashed rumours that he could replace Ms Truss should she resign. | |
| Speaking to the Times, he said he will be holding on to his current job and accused Tory MPs of playing "political parlour games". | |
| Five of the PM's own MPs have called publicly on her to resign, with others briefing journalists that they think her time in office is up. | |
| Ms Truss has been holding meetings with her cabinet ministers and backbench MPs as she tries to reassure her party of her grip on power. | |
| She also met Sir Graham Brady, who chairs the committee that decides the Tory party rulebook. | She also met Sir Graham Brady, who chairs the committee that decides the Tory party rulebook. |
| The committee's treasurer has confirmed a rule change is possible, but suggested "probably 60-70%" of the party's MPs would have to support the move. | The committee's treasurer has confirmed a rule change is possible, but suggested "probably 60-70%" of the party's MPs would have to support the move. |