BRITAIN’S TRUSS SAYS SHOULD HAVE BETTER LAID GROUND FOR ECONOMIC PLAN

Sun 02 October 2022:

In an effort to reassure her party and the general public, British Prime Minister Liz Truss said on Sunday that she should have done more to “lay the ground” better in order to try to minimize the market reaction, which saw the pound hit record lows and government borrowing costs soar.

Truss, who had been in office for less than a month, adopted a softer tone on the opening day of the annual conference of her ruling Conservative Party. She attempted to reassure the populace that she would look out for them during a challenging winter and beyond.

She stood by her “growth plan,” despite criticism from economists and investors for calling for billions in new spending while providing limited details on how it would be paid for in the near future.

“I understand their worries about what has happened this week,” she told the BBC’s Sunday with Laura Kuenssberg show.

“I do stand by the package we announced, and I stand by the fact that we announced it quickly because we had to act, but I do accept that we should have laid the ground better,” she said.

SOURCE: INDEPENDENT PRESS AND NEWS AGENCIES

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