Liz Truss had to be convinced to issue statement amid market turmoil after mini-budget

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'Faced with market turmoil, spiking borrowing costs, and the drop in the value of the pound in the foreign exchange markets, the PM's initial instinct was to stand firm and say little or nothing.' Read the exclusive report from SamCoatesSky 👇

yesterday, Ms Truss agreed the Treasury would issue a statement promising further details on 23 November on how the government would ensure borrowing would not spiral out of control.

The government will reject claims circulating in Whitehall that the meeting between Ms Truss and Mr Kwarteng was"argumentative" and descended into a"shouting match". Sky News can confirm that Monday's meeting between chancellor and prime minister concentrated on whether to issue a statement and what to say, with the two sides initially taking different positions.The prime minister's team were aware that the Bank of England was going to issue a statement after the close of markets on Monday.

Some in Number 10 are believed to blame the Tory unrest on the failure of ministers and their teams to properly explain their plans.

 

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SamCoatesSky Boris Johnson - worst PM ever. Liz Truss - Hold my beer.

SamCoatesSky This is why she wanted to stay silent.

SamCoatesSky Has KwasiKwarteng apologised for laughing during the Queen's funeral service. If not why not.

SamCoatesSky I said it! That's why I changed my vote from RishiSunak to trussliz . Thanks to NadineDorries for inadvertently pointing out the plan. Already made £10m from the £ plunging and will save around £40k in taxes!

SamCoatesSky Who is the prime minister this week? It's hard to keep track.

SamCoatesSky Looks like she was right ans Sky was wrong the pound is back to where it was, which sky seem hesitant to tell us as they campaign for labour.

SamCoatesSky Polite replies please This has been largely caused by the printing too much money. Should backdate NI cut to April scrap VAT this would see immediate price cuts,lower inflation,cut business bureaucracy.Lastly raise basic rate threshold It will not happen though.

SamCoatesSky ToryPartyOfSleazeSewageAndStupidity

GNev2 SamCoatesSky

SamCoatesSky Apologies if I’m wrong but Dizzy allows KamiKwasi to announce the biggest tax cuts in 50 years but either: A. there is no detailed plan outlining how it will be funded; or B. The original plan was to increase UK borrowing (which is no longer acceptable). Jeez this is sooo bad

GNev2 SamCoatesSky Thick as mince MP becomes a thick as mince PM. What a surprise

GNev2 SamCoatesSky Tbf having watched her other performances, she's probably right not to say anything

SamCoatesSky IMF, Moodys, US Treasury all see UK as a basket case! Thrush & Fartwank have done more damage than Putrid could ever have wished for?

SamCoatesSky Bodge it and Scarper

SamCoatesSky Stick her toxic head in the sand!

SamCoatesSky The Euro fell further!

SamCoatesSky Squeaky bum time 🤣🤣

SamCoatesSky She needs removing from Downing Street tomorrow.

SamCoatesSky Truss: “The Queen Mother said never complain, never explain” Kwarteng: “But aren’t we accountable to—“ “Shut up, Kwasi!” *slap* newsnight KwasiKwarteng liztrus Sterlingcrisis

SamCoatesSky When you thought we couldn't do worse than Boris. Tory's 'hold my beer'

SamCoatesSky Tories first instinct when chaos ensues - Hide

SamCoatesSky The worst double act since Phil and Holly.

SamCoatesSky The Conservative Party is well and truly taking the piss now and needs to get out of office.

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Banks pull mortgage deals for new customers as brokers predict major shift in UK mortgage marketBanks and building societies including Halifax, the UK's biggest mortgage lender, are withdrawing some of their mortgages from sale - following market turmoil caused by the government's mini budget. The Great Depression round 2 is about to begin! Speak to a mortgage broker if you need help could save you lots of money MostlyMortgages Never been more certain of an indy Scotland.. Absolutely no way we could do worse than this UK gvt.
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