British PM Liz Truss sticks by economic plan as her party worries ...Middle East

Business Standard - Economy
British Prime Minister Liz Truss said Sunday that she could have done a better job laying the ground for her package of unfunded tax cuts, but insisted she would push on with an economic plan that has caused turmoil on financial markets and weakened the country's public finances. Truss acknowledged that the UK faces a very turbulent and stormy time, but said her policies would lead to a high-growth, low-tax economy in the longer term. The comments are unlikely to calm Truss' Conservative Party, which opens its four-day annual conference on Sunday in the central England city of Birmingham amid plunging poll ratings and growing public discontent. Truss took office less than a month ago, promis

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