Senior Tory warns Truss economic U-turn must be ‘significant’

Mel Stride says that markets won’t be settled if government’s policy change just ‘nibbles at the edges’

A senior Conservative MP has said that Liz Truss must not “nibble at the edges” but instead perform a “powerful” and “significant” U-turn with its so-far disastrous economic plan.

Mel Stride, the chair of parliament’s Treasury select committee, told the BBC’s Today programme: “My personal view is that it [a U-turn] should happen, we have reached a point where we need this very powerful and significant signal to the markets that fiscal credibility is firmly back on the table, and I think that means doing something right now and not delaying.

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​Mel Stride says that markets won’t be settled if government’s policy change just ‘nibbles at the edges’A senior Conservative MP has said that Liz Truss must not “nibble at the edges” but instead perform a “powerful” and “significant” U-turn with its so-far disastrous economic plan.Mel Stride, the chair of parliament’s Treasury select committee, told the BBC’s Today programme: “My personal view is that it [a U-turn] should happen, we have reached a point where we need this very powerful and significant signal to the markets that fiscal credibility is firmly back on the table, and I think that means doing something right now and not delaying. Continue reading…