Liz Truss was last night warned she was ‘in office but not in power’ amid reports Rishi Sunak met with a senior Penny Mordaunt ally.
Mr Sunak, who came second to Ms Truss in the Conservative leadership contest this summer, is said to have spoken to a key Mordaunt backer with a ‘tacit’ suggestion he could serve as her Chancellor – claims that were denied by Mr Sunak.
ALSO, SEE: Liz Truss resigns as British Prime Minister after disastrous economic plan
Suggestions of Rishi Sunak manouvering to oust Liz Truss as Prime Minister after less than 50 days of her in Downing Street have been denied by the former Chancellor’s team.
Speaking after new Chancellor Jeremy Hunt dismantled her tax-cutting growth plans, Liz Truss acknowledged she had gone ‘too far and too fast’.
‘I want to accept responsibility and say sorry for the mistakes that have been made,’ she told the BBC. ‘I was expecting it to be tough and it has been tough, I think it’s fair to say.’
Earlier, Mr Hunt used an extraordinary five-minute televised statement to axe ‘almost all’ of the Prime Minister’s flagship tax cuts in a bid to reassure the financial markets that the Government was serious about balancing the books.
Common leader Penny Mordaunt announced her bid for the party leadership on Friday. Former PM Boris Johnson yet to announce his bid for the conservative party leadership
