Liz Truss will use her set piece Tory conference speech to explain why she thinks the “disruption” caused by her economic policies will be worth it.
The Prime Minister claims that the economic growth generated by his tax cut plan will “benefit everyone”.
After an ill-fated conference marked by U-turns and internal divisions, she will set out a long-term vision for the country under her leadership.
And she will try to convince her party that she is on the right track.
The speech is scheduled to begin at 11:00 BST.
“Whenever there is change, there is disruption,” she would tell party members.
“Not everyone will be in favor of it. But the result will benefit everyone – a growing economy and a better future.”
Asked whether there could be “disruption” and whether higher mortgage interest payments were acceptable, Foreign Secretary James Cleverley told: “Rising interest rates is almost inevitable because it’s all over the world. I am in progress.
“What we need to do is make sure we find a way to do that through a growing economy, through growing wages.”
Major lenders have already raised mortgage rates, after the pound weakened in the wake of the government’s mini-budget and traders expected the Bank of England to raise interest rates faster than previously expected. . .
The four-day conference in Birmingham has been overshadowed by wrangling within the party over the future direction of the economy.
This week Ms Truss – who became prime minister a month ago after winning the Tory leadership contest – dramatically scrapped the top rate of income tax announced in the September 23 mini budget after criticism from her own MPs. Abandoned the plan.
Home Secretary Sylla Braverman, who favored scrapping the 45p tax rate for high earners and is disappointed by the U-turn, said a “rebellion” within the party had reversed the policy.
Cabinet colleagues have also come out publicly against the suggestion that benefits could be linked to income growth rather than inflation.
Penny Mordant, the leader of the Commons, said it “makes sense” for Universal Credit to be linked to inflation, which has risen during the life crisis.
Other senior Tories, including former leader Sir Iain Duncan Smith, have also said during the conference that the rise in inflation should go ahead.
Asked if Ms Mordant was correct in her comments, Mr Cleverley said no policy had yet been drawn up but it was better to “feed ideas directly into the heart of government”.
Chancellor Kwasi Kwarting has been under pressure since the financial crisis in the wake of the mini-budget, when markets reacted badly to plans to borrow £45bn to fund tax cuts. .
The Conservatives have fallen in the polls since the smaller budget was unveiled, with Labor holding a wide lead.
In an interview with Times Radio, former transport secretary Grant Shepps said MPs would “look for a change” if the poll numbers against Ms Truss did not improve.
“I want Liz to be successful, so I’m hoping she can turn us around,” he said. “I think there’s a window of opportunity for him to do that.”
However, former Brexit secretary David Davis, who has been a fierce critic of Ms Truss, said the idea of ​​getting rid of her before the next election was “fantasy”.
He told Today program that it was a “bad start” to his leadership but “you have to do it”.
He added that if the party splits into pieces, we will lose the next election.
