Andrew Griffith told Sky News that Liz Truss still has the support of her government despite troubling economic turmoil.
The Financial Secretary to the Treasury said: “Liz Truss has got the support of the Government – it’s really important at this time that we have stability.”
On whether they had got decisions wrong, Mr Griffith said: “Yeah for sure there’s things that everybody in government would regret last week, and that’s why the government has made changes.”
He then argued that the government had got it right on the energy price guarantee and the focus on economic growth.
But pressed on exactly what ministers got wrong, he said: “The rate at which you could proceed and as the chancellor said yesterday, not involving the OBR (Office for Budget Responsibility) in those conversations.
“I think it was well meant to act as quickly as possible but obviously that has caused some of the turbulence.”
Mr Griffith was then asked why Kwasi Kwarteng was sacked as chancellor.
“The prime minister concluded that the right thing to do was to make a change. [Liz Truss] has exercised that judgment, she’s brought in a new and really experienced chancellor.
“Now we need a little bit of time to do that work… nobody wants those decisions to be rushed… we want them to be right.”
He said what the public and the economy need is “calm” and “stability” – and the last thing they want is politicians talking about themselves.
Mr Griffith insisted that Jeremy Hunt and Liz Truss are at one in their vision for the country.
“If we want to be taken seriously… we have to unite,” he said. “People don’t want to hear about disunity in the Conservative Party.”