PM to finally face questions after days of economic turmoil as Bank spends £65bn to avert pensions collapse

The government insists its plan to cut taxes in a major shake-up is still the right course of action, despite it triggering a plunge in the pound and forcing the Bank of England to buy government debt to the tune of £65bn to calm markets and prevent some people’s pensions being put at risk.

Liz Truss will make her first media appearances since the mini-budget last week with a series of radio interviews where she will face questions on her course of action.In an unprecedented move, the Bank of England stepped in to buy government debt hours in a bid to prevent soaring interest rates leading to the collapse of pension funds.

Britain's financial system has been under huge strain since the new Chancellor unveiled a controversial tax-cutting mini-budget last Friday. "What politicians are responsible for is making the economic decisions that will drive continued growth. You know that one of the things that has bedevilled our economy is our inability to reach that top 2.5 per cent rate of growth. It has happened in the past, it happened before the 2008 financial crisis.

The former chancellor told Tonight with Andrew Marr: "I've never known a budget to cause a financial crisis like this, I think the Government and the Bank of England are still going to have to act to calm it down and get us back to normality before we work out how we're going to recover."

She did a sterling job for labour today. Well done Liz

Every time she talks we lose more money

Oh how I bet they kept Boris.

Hate to think what she is about to say which will further ruin *our* economy!

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