The British Prime Minister, Liz Truss, flags today’s news. Truss has spoken again and says he’s on the tax cut side. He defended the unfunded package of tax cuts that sent markets into chaos this week, saying currencies and economies around the world were facing severe economic stress.
He added that Britain was facing an economic depression.
“We are facing very, very difficult economic times, we are facing them globally,” the prime minister said in an interview on the BBC. “We have to take immediate action to grow our economy and that means making controversial and difficult decisions.”
“I’m very clear that the government has done the right thing,” Truss said. “This is the right plan.”
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