UK Prime Minister Liz Truss

British Prime Minister Liz Truss is in charge of the government, her newly appointed finance minister Jeremy Hunt said, rejecting the idea that the party ...

Asked about calls to replace Truss, he said his constituents wanted stability: "The worst thing for that would be more political instability at the top - another protracted leadership campaign." "The prime minister is in charge," Hunt told the BBC in an interview broadcast on Sunday, when asked who was running the government. LONDON, Oct 16 (Reuters) - British Prime Minister Liz Truss is in charge of the government, her newly appointed finance minister Jeremy Hunt said, rejecting the idea that the party should replace her after a tumultuous start to her term in office.

British Prime Minister Liz Truss attends a news conference in London, Britain, October 14, 2022. Daniel Leal/Pool via REUTERS.

"It's really important at this time that we have stability." "Liz Truss has got the support of the government," he said when asked if Truss's position was safe after the recent turmoil in financial markets triggered by her economic plans. LONDON, Oct 16 (Reuters) - British Prime Minister Liz Truss has the confidence of the government, City Minister Andrew Griffith told Sky on Sunday.

"I wasn't the only one that thought it was a mistake. I disagree with the policy, but that's up to Great Britain."

"The problem is the lack of economic growth and sound policy in other countries." imports but makes the country's exports more expensive to the rest of the world. "I wasn't the only one that thought it was a mistake," Mr. "I disagree with the policy, but that's up to Great Britain." Biden said he was not concerned about the strength of the dollar — it set a new record against the British Pound in recent weeks — which benefits U.S. [tax cut plan](https://www.cbsnews.com/news/uk-tax-cuts-debt-liz-truss-kwasi-kwarteng/) a "mistake," and said he is worried that other nations' fiscal policies may hurt the U.S.

The new chancellor warns of "very difficult decisions" as he heads to Chequers to hold talks with the PM.

"The problem is the lack of economic growth and sound policy in other countries," he told a White House pool reporter. But many Conservative MPs are furious Liz Truss has led the government into this chaos and are talking privately about trying to turf her out. "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. In his latest statement, released on Saturday night, Mr Hunt said: "My focus is on growth underpinned by stability. He also said he intended to be "honest with people" about the "very difficult decisions" that had to be made "both on spending and on tax to get debt falling". Turning to his initial conversations with the new chancellor, Mr Bailey described an "immediate meeting of minds on the importance of stability and sustainability". [plummeted to a record low against the dollar](https://www.bbc.co.uk/news/business-63030208) and the cost of government borrowing climbed as markets reacted to the package - which was not accompanied by an official assessment of how the UK economy would perform. But we went too far, too fast. There will be a budget at the end of the month that needs to convince financial markets and prove politically palatable to a fuming, mutinous Tory party. Mr Hunt is due to outline the government's refreshed economic plan in a statement on 31 October, a task his predecessor was building up to following the aftermath of his mini-budget. [reported](https://www.thetimes.co.uk/article/new-chancellor-jeremy-hunt-takes-full-control-as-plotters-circle-wounded-truss-r7nk6qtv7) that "dozens" of MPs had been discussing how to oust the PM, while the [Sunday Telegraph](https://www.telegraph.co.uk/politics/2022/10/15/jeremy-hunt-delays-1p-tax-cut-bank-england-backs-chancellor/) said the Conservative party was "on the brink of open warfare". [the Times reported](https://www.thetimes.co.uk/article/new-chancellor-jeremy-hunt-takes-full-control-as-plotters-circle-wounded-truss-r7nk6qtv7) that Mr Hunt planned to delay by a year a 1p cut to the basic rate of income tax - a flagship part of the 23 September mini-budget.