"Should Have Laid Ground Better": UK's Liz Truss Admits Tax Cuts Misstep
NDTV
"I do stand by the package we announced... but I do accept we should have laid the ground better there," Liz Truss told the BBC as her restive ruling Conservatives' annual conference gets underway in Birmingham.
UK Prime Minister Liz Truss on Sunday conceded she should have better prepared Britain for her recent debt-fuelled mini-budget, which sparked a week of market turmoil, dismal headlines and disastrous polls.Less than a month into the job but already mired in a deep crisis, the new Tory leader insisted her controversial plans would return Britain to economic growth, as it grapples with decades-high inflation and imminent recession.
"I do stand by the package we announced... but I do accept we should have laid the ground better there," Truss told the BBC as her restive ruling Conservatives' annual conference gets underway in Birmingham.
"We have a clear plan moving forward both to deal with the energy crisis and to deal with inflation, but also to get the economy growing and to put us on a good long-term footing," she added.
Opposition parties, much of the public and even Conservative MPs -- notably backers of her defeated leadership rival Rishi Sunak -- are aghast at the proposals to cut taxes unveiled 10 days ago by finance minister Kwasi Kwarteng.
