'We went too far, too fast,' says PM in TV interview after new chancellor rips up her economic policy in bid to calm markets.
The British prime minister also insists she will 'definitely' lead her party into the next general election.
[forced to deny](https://www.politico.eu/article/uk-economy-liz-truss-not-hiding/) that Truss was hiding from scrutiny. [used a television address](https://www.politico.eu/article/hunt-tears-up-truss-tax-and-energy-plan/) to essentially tear up the manifesto which Truss ran on to ultimately win the summer’s Tory leadership contest. [openly plotting ways](https://www.politico.eu/article/liz-truss-prime-minister-uk-conservative-party-finished/) to oust the prime minister, who was forced to sack her close friend Kwasi Kwarteng as chancellor following a furious market response to her tax-cutting agenda.
But Tory MPs were not happy. The former cabinet minister Andrew Mitchell told Times Radio that if it became apparent to Tory MPs that Truss was not up the job, ...
But if one of the aims for the massive volte-face was to save her premiership, it was far from clear it had been successful. Later, she was due to round off a gruelling day at an informal reception with “drinks and nibbles” with her cabinet, before starting the whole engagement process again on Tuesday. “The mood is one of powerlessness,” one insider said. Despite everything, Truss is continuing her “outreach” with Tory MPs, determined to save her premiership, even though that looks virtually impossible. When Truss finally did emerge after her meeting with Brady, it was to sit alongside the chancellor in the Commons as he confirmed the biggest climbdown in modern political history. Hunt held a hastily organised private briefing for Tory MPs in a bid to “calm the horses”. “It means that if she cannot do the job, then she will be replaced.” After they were joined in No 10 by Hunt, the trio led a virtual meeting of the cabinet at 10am to share the U-turn plans. Just a few hours later, in the early hours of Monday morning, the Treasury confirmed that Hunt would make a statement. By the time Downing Street staff arrived at work, Operation “Save Liz” was already in full force. In one particularly bizarre exchange, she insisted: “The prime minister is not under a desk.” In the privacy of her grace-and-favour country mansion, with just their closest aides around them, Hunt went through line by line what was left of the mini-budget.
The PM apologises for mistakes, after her chancellor tears up almost all of her tax-cutting agenda.
"I do think it is the mark of an honest politician who does say 'yes, I've made a mistake. I've addressed that mistake. "It would have been completely irresponsible for me not to act in the national interest in the way I have." In her interview, Ms Truss said she accepted responsibility for going "too far, too fast" - and she wanted to "say sorry for the mistakes that have been made". Liz Truss told the BBC's Chris Mason she was "sorry for the mistakes that have been made". "I remain committed to the vision, but we will have to deliver that in a different way," she said.
Few Tory MPs think she should lead them into an election but they are trying to work out their next move.
That is my message to my colleagues," she concluded. "The important thing is that I've been elected to this position to deliver for the country. "I'm not focused on internal debates within the Conservative Party leader." Her team knows. She is trying to make the best of a desperate situation for her. Liz Truss knows.