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The Tories are keen to shift focus from the economy after the humiliating U-turn

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conservative will try to shift focus from the economy after downplaying two reversals on income tax cuts for the highest earners and the date of a new fiscal plan.

The Home Secretary’s keynote speeches at the Tory conference in Birmingham on Tuesday Suella Braverman and the Minister of Foreign Affairs James Cleverley will be aimed at explaining the government’s immigration plans and commitments to support Ukraine.

Liz Truss will seek to bring back the annual meeting after her and the Chancellor Kwasi Kwarteng scrapped its plan to scrap the 45% rate on profits over £150,000 in a surprise U-turn to head off a Tory rebellion.

It was not an easy week, but we showed that we listen to people’s problems

The Prime Minister admitted it had not been an “easy” week, but said she was sticking with the rest of the tax cut package.

She told the Express newspaper: “Express readers can rest easy: we will reward your trust.

“It’s been a tough week, but we’ve shown that we’re listening to people’s concerns and we’re determined to deliver on our core plan for economic success and security.

“Our growth plan is essential to keep the UK economy moving. Growth is the only way to create jobs, raise wages and fund our vital public services like the National Health Service.’

Speaking at a conference on Monday, Mr Kwarteng also admitted it had been a “tough” day as he vowed to “focus on the task at hand”.

Opposition MPs accused him of “insulting millions” as he tried to dismiss the market turmoil that caused the reversal as “a little turbulence”.

Coming just over a week after tax cuts were announced in the mini-budget and just a month after Ms Truss became premier, the reversal was a major blow to their credibility.

To appease the markets and the Tory rebels, the chancellor plans to bring forward his medium-term financial plan alongside the Office for Budget Responsibility’s official forecasts to the end of this month.

Having previously insisted he would wait until November 23, Mr Kwarteng told a conference call that he would “soon” release details of how he plans to reduce public debt as a percentage of GDP over the medium term.

Despite the Bank of England spending £65bn to stave off further financial turmoil and the pound plummeting through its mini-budget on September 23, Mr Kwarteng insisted the Tories would be “serious custodians of the public finances “.

But in a sign of ongoing concern among Tory MPs, Priti Patel is set to accuse Ms Truss and Mr Quarteng of “spending today without thinking about tomorrow”.

“I want our party to rebuild its credibility by renewing its commitment to sustainable public spending … that is available today, tomorrow and for the foreseeable future,” the former home secretary will tell a conference fringe event, according to The Times.

The prime minister and chancellor also faced fresh rebellion as they refused to commit to increasing payments in line with inflation.

If prices do not keep up, some of the poorest families will face real income cuts.

Former cabinet minister Michael Gove told Times Radio that he would need “a lot of convincing” to stop pay rising in line with inflation, while former Work and Pensions Secretary Damian Green told LBC that freezing or cutting benefits would not pass the Commons. .

On Tuesday, Ms Braverman will use her conference speech to call on the French to stop more boats crossing the English Channel and set out her intention to introduce new laws to make it easier to deport people who come to the UK illegally.

The Home Secretary will promise to allow “the kind of immigration that grows our economy” but “stop the abuse of the rules”, addressing campaigners at the Conservative Party conference.

Mr Cleverley will say Britain has the “strategic strength” to lead Ukraine to victory over the Russian invaders.

The foreign secretary will say Ukraine has the unwavering support of Britain in its efforts to push back Vladimir Putin’s forces, saying “we are players on the field” and not just “commentators”.

He will also repeat Ms Truss’s vow that Britain will never agree to Russian President Vladimir Putin’s annexation of Donetsk, Luhansk, Kherson, Zaporozhye and Crimea regions.

https://www.standard.co.uk/business/business-news/tories-seek-to-shift-focus-from-economy-after-uturn-humiliation-b1029948.html