Liz Truss presses on with economic plan, it's "the right course" says PM
Liz Truss defended her economic plan that has roiled financial markets, saying on Thursday (September 29) she was willing to take ''decisive action'' to reignite growth and would not reverse course despite the turmoil. "So it was the right decision to take and we need to continue to make sure we deliver the economic growth," she said in an interview. Finance minister Kwasi Kwarteng sparked turmoil in financial markets last week when he delivered a plan to cut taxes without detailing the impact on the public finances or how the government would reform the economy to spur growth. The pound sank and British government bond yields soared, forcing the Bank of England to revive its bond-buying programme in an emergency move on Wednesday to shore up pension funds. Truss said the government had to take urgent action to protect households and businesses from surging energy bills. The Sun newspaper brings you the latest breaking news videos and explainers from the UK and around the world Become a Sun Subscriber and hit the bell to be the first to know Read The Sun: http://www.thesun.co.uk Like The Sun on Facebook: https://www.facebook.com/thesun/ Follow The Sun on Twitter: https://twitter.com/TheSun Subscribe to The Sun on Snapchat: https://www.snapchat.com/discover/The_Sun/1633225139 #liztruss #politics #costofliving
