British Prime Minister Liz Truss said on Thursday that the government had to take “urgent measures to grow the economy” amid the instability caused in markets by the announcement of her government’s fiscal plan.
In the first public statement on the consequences of the growth program that Finance Minister Kwasi Kwarteng unveiled last Friday, Truss defended that this is the “right plan”.
The growth program, which includes aggressive and massive tax cuts, has sent sterling plummet, has been criticized by the International Monetary Fund and prompted the Bank of England to intervene in an emergency situation and announce bond purchases.
The Conservative leader reiterated in statements to several BBC channels that she is “willing” to make “controversial and difficult decisions” to move the economy forward and that she will “do everything” to achieve this.
Truss insisted that “urgent action” was needed to protect the country from rising energy prices and boost growth.
“We had to take urgent action to grow our economy, move the UK forward and also tackle inflation,” he explained.
“Of course it means making controversial decisions, but I’m willing to do that as Prime Minister because what I think is important is to get our economy moving, to make sure people survive this winter, and we’re willing to do that. it’s necessary to get that done,” he said.
Source: DN
