Liz Truss admits mistakes over mini-budget but stands by tax-cutting package

Prime Minister Liz Truss in the BBC studio in Birmingham to appear on the BBC1 current affairs programme, Sunday with Laura Kuenssberg, as the Conservative Party annual conference gets underway at the International Convention Centre in Birmingham (Aaron Chown/PA)

Liz Truss acknowledged mistakes over the mini-budget but said she was standing by her tax-cutting plan as she refused to rule out public spending cuts.

The British prime minister acknowledged she could have done more to prepare the ground for Kwasi Kwarteng’s financial statement, which spooked the markets, sent the pound plummeting and forced a £65 billion intervention by the Bank of England to restore order.