British Prime Minister Liz Truss is under fire from over tax cuts that are fueling a financial crisis in an already struggling economy.
UK’s Truss defends economic plan that sent pound tumbling
British Prime Minister Liz Truss has defended her economic plan that has roiled financial markets, saying she is willing to take “controversial” steps to reignite growth and will not reverse course despite the turmoil.
“This is the right plan that we’ve set out,” she said in a series of interviews with local BBC radio stations on Thursday.
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.”
“We are facing difficult economic times. I don’t deny this. This is a global problem. But what is absolutely right is the UK government has stepped in and acted at this difficult time.”