Liz Truss was told: don’t do this. Her attitude was: I don’t care | News

Liz Truss was heading to a British Gas site in Kent to highlight the government’s energy price cap intervention when she expressed irritation that the markets had responded to her previous week’s budget by sinking the pound and sending pension funds to the brink of collapse.

“We had to do something huge on energy because people and businesses are worried and the cost of not acting would have been enormous. That was the biggest element to the statement,” the prime minister said on Friday. “Markets surely get that?”

What the markets “got” was a case of the chills from the chancellor’s announcement that he was abolishing the 45p top rate of tax and borrowing £72 billion to pay for a swathe of other tax cuts,