UK Prime Minister Liz Truss calls press conference amid U-turn calls

The British government says Prime Minister Liz Truss will hold a news conference Friday as she faces pressure to U-turn on an economic package that sparked market turmoil

UK PM Liz truss
British Prime Minister Liz Truss
AP London
1 min read Last Updated : Oct 14 2022 | 4:30 PM IST

The British government says Prime Minister Liz Truss will hold a news conference Friday as she faces pressure to U-turn on an economic package that sparked market turmoil.

The announcement comes after Treasury chief Kwasi Kwarteng cut short a visit to Washington to fly back to London for crisis talks.

The pair are facing intense pressure to scale back unfunded tax cuts to calm financial markets.

Truss is also facing a revolt from her own Conservative Party over the chaos unleashed by her economic plans.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Topics :Liz TrussUK Prime Minister

First Published: Oct 14 2022 | 4:30 PM IST

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