LONDON: British Prime Minister Liz Truss defended her economic plan on Thursday (Sep 29) and said she’s willing to make “difficult decisions” to get the economy growing. In her first public comments since her government’s announcement of billions in uncosted tax cuts roiled markets and drove the po
LONDON: British Prime Minister Liz Truss defended her economic plan on Thursday and said she’s willing to make “difficult decisions” to get the economy growing.
She spoke after the Bank of England took emergency action on Wednesday to stabilise UK financial markets and head off a crisis in the broader economy after the government spooked investors with a program of unfunded tax cuts,Finance minister Kwasi Kwarteng sparked turmoil in financial markets last week when he delivered
Asked if she would reverse the mini budget that shocked markets with the scale of its tax cuts and government borrowing, Truss said:"I don't accept the premise of the question."
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