Liz Truss's first month as UK prime minister plagued by crisis
New government accused of destroying the finances, long-term stability of the UK economy
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New government accused of destroying the finances, long-term stability of the UK economy
LONDON (AP) — British Prime Minister Liz Truss on Thursday defended her economic plan and shrugged off the negative reaction from financial markets, saying she’s willing to make “difficult decisions” to get the economy growing.
UK Prime Minister Liz Truss on Thursday defended her tax cuts policy, despite it triggering market turmoil and forcing a Bank of England intervention to prevent "material risk" to the economy. "We had to take urgent action to get our economy growing, get Britain moving, and also deal with inflation," she told local station BBC
A week ago, the Bank of England took a stab in the dark. It raised interest rates by a relatively modest ha...
British Prime Minister Liz Truss and Chancellor of the Exchequer Kwasi Kwarteng visit Berkeley Modular, in Northfleet, Kent, Britain, September 23,...