Prime Minister Liz Truss says she stands by the package of measures announced in the mini budget but admitted she could have 'laid the ground' better
Prime Minister Liz Truss has said she stands by the package of measures announced in the mini budget but admitted she could have “laid the ground” better about the plans which triggered market turmoil.
Pressed on the response to the mini-budget in the UK, she said: “I want to reassure people that we do have a very clear plan – first of all about how we are going to get through this winter with our energy plan but also how we are dealing with the issue of a slowing economy.” She said the Government had to act to reverse the national insurance rise and “on other areas of taxation” to make sure the economy did not slow down.
“Of course we need to bring down borrowing as a proportion of GDP over the medium-term, and I have a plan to do that. But what would have been wrong is for us not to have acted,” she said. “I do stand by the package we announced and I stand by the fact we announced it quickly, because we had to act. It comes as it was confirmed Conservative MPs who vote against the Government’s plan for tax cuts will lose the whip, the party chairman has said.
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