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UK PM Liz Truss says tax cut was a right thing, will not change course

"We had to take urgent action to get our economy growing and that means taking controversial and difficult decisions," Truss said.

British Prime Minister Liz Truss  (Photo: REUTERS/Toby Melville/Pool)
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British Prime Minister Liz Truss (Photo: REUTERS/Toby Melville/Pool)

Bloomberg
UK Prime Minister Liz Truss defended her government’s huge set of unfunded tax cuts after it sent the pound and gilts tumbling, instead blaming global economic pressures for the fallout from her fiscal package last week.
 
“We’re facing very, very difficult economic times, we’re facing that on a global level,” Truss said Thursday in a round of interviews with local BBC radio stations. “We had to take urgent action to get our economy growing and that means taking controversial and difficult decisions.”
 
Less than a month after taking office, Truss’s administration has been battered by a crisis of confidence in

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First Published: Sep 29 2022 | 10:26 PM IST

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