LONDON – The British Prime Minister, Liz Trussconceded that he could have “better prepared the ground” for the announced tax cut on high incomes for his economic maneuver, which observers have linked to the collapse bags and from British pound in the markets. “I confirm the package (of measures) that we announced … but I admit that we should have prepared the ground better,” Truss said in an interview with the BBC, adding that he had “learned the lesson”.
“We have a clear plan that is being developed to respond to both the energy crisis and inflation, but also aims to resume economic growth and establish a long-term foundation,” Liz Truss added in the interview. The BBC recalls that both the opposition and many Tory MPs (those who would have wanted Truss’s rival Rishi Sunak at 10 Downing Street) and the majority of British public opinion are opposed to tax cuts for the rich, according to the 10 Days unveiled plan by Chancellor of the Exchequer Kwasi Kwarteng which caused an earthquake in the markets.
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by our correspondent Antonello Guerrera October 3, 2022