Truss Apologises for ‘Mistakes’ in Tax Plan, Seeks to Cling on as Prime Minister

Started by Epoch-Times-Bot, Oct 18, 2022, 10:30 AM

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Epoch-Times-Bot

Oct 18, 2022, 10:30 AM
Truss Apologises for 'Mistakes' in Tax Plan, Seeks to Cling on as Prime Minister

UK Prime Minister Liz Truss has apologised for the "mistakes" she made over the ill-fated tax-cutting plan, but has insisted she still intends to lead the Conservative Party into the next general election.
Truss became prime minister on Sept. 5, but her position has been weakened after her "mini-budget," which included £45 billion ($50 billion) of unfunded tax cuts, spooked the financial markets, causing the pound to fall and borrowing costs to soar.
In a BBC interview on Monday night, Truss apologised for the "mistakes" over the mini-budget.
She said she has "adjusted what we're doing," replacing her ally Kwasi Kwarteng with former leadership rival Jeremy Hunt as chancellor with a fresh strategy to "restore economic stability."...

Source: Truss Apologises for 'Mistakes' in Tax Plan, Seeks to Cling on as Prime Minister

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