British Prime Minister Liz Truss on Thursday defended her economic plan for the United Kingdom despite criticism and has ruled out backing down on what she considers a good initiative to tackle inflation and promote economic growth.
In his first comments on the economic plan, which represents the largest tax cut in the country in the last 50 years but which has caused the pound to fall, Truss has defended the measures and has insisted that it is an “action urgently needed” in the current context.
However, he has said that he understands that the government’s decision may be “controversial”, according to statements made to the BBC television network. “We need to take urgent action to get our economy growing and the UK dealing with inflation,” she said.
“Of course that means making controversial and difficult decisions, but I’m prepared to do that as prime minister because it’s important to me to get the economy moving. We’ll make sure people are able to get through the winter and we’re prepared to do what we can.” necessary to achieve it,” he stressed.
The measure has caused the Bank of England to decide to intervene in the financial markets in an emergency to prevent the fall of the pound.
Source: Europa Press
