Liz Truss has described sacking her chancellor and junking a major economic policy after just 39 days as prime minister as "difficult".
In a brief statement after a day of turmoil, she reversed planned cuts to business tax aimed at boosting growth.
She admitted "parts of our mini-budget went further and faster" than the markets were expecting.
But she insisted she would stay on as PM to see through her "mission" to get the economy growing.
"I'm absolutely determined to see through what I promised - to deliver a higher growth, more prosperous United Kingdom to see us though the storm we face," Ms Truss said.
The 10-minute news conference came after a dramatic day in which the prime minister fired Kwasi Kwarteng as chancellor after he returned early from a US summit.
The prime minister has appointed former Health Secretary Jeremy Hunt - who backed Rishi Sunak in the Tory leadership contest - as the new chancellor.
"difficult" - Google News
October 14, 2022 at 09:14PM
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This is difficult, Liz Truss admits after major U-turn - BBC
"difficult" - Google News
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