Liz Truss stated that it was urgent to act to grow the economy, move Britain and deal with inflation.
British Prime Minister Liz Truss has defended her economic plan and stated that she is willing to take “difficult choices” in order to see the economy grow.
Truss stated that Britain is facing an “extremely difficult” economic environment in her first public remarks since her government announced billions of dollars in uncosted tax cuts. She said that the problems were global, and were exacerbated by Russia’s invasion of Ukraine.
The Bank of England took urgent action Wednesday to stabilize U.K. economic markets and prevent a wider economic crisis after investors were scared by a government program of unfunded tax cuts. This sent the pound plummeting and the cost of government borrowing skyrocketing.
Ms. Truss stated to BBC radio that she needed to urgently take action to grow the economy, move Britain and deal with inflation.
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