Liz Truss insisted she would not cut spending to balance the books as economists and the financial markets continued to question her plans.The Prime Minister said she was "absolutely" not planning public spending reductions, but insisted taxpayers' money would be used well.The cost of Government borrowing increased on Wednesday while sterling fell against the euro and dollar in the latest signs of market turbulence.During Prime Minister's Questions, Labour leader Sir Keir Starmer said that durin

Liz Truss insisted she would not cut spending to balance the books as economists and the financial markets continued to question her plans.The Prime Minister said she was "absolutely" not planning public spending reductions, but insisted taxpayers' money would be used well.The cost of Government borrowing increased on Wednesday while sterling fell against the euro and dollar in the latest signs of market turbulence.During Prime Minister's Questions, Labour leader Sir Keir Starmer said that during her Tory leadership campaign Ms Truss had pledged: "I'm not planning public spending reductions."Asked if she was going to stick to that, she replied: "Absolutely... We are spending almost £1 trillion of public spending. We were spending £700 billion back in 2010."What we will make sure is that over the medium term the debt is falling. But we will do that not by cutting public spending but by making sure we spend public money well."