Liz Truss

The Prime Minister defended Chancellor Kwasi Kwarteng's measures, despite admitting the Government's decisions have been 'controversial'.

“The UK has become dependent on global energy prices. “We simply don’t want to be in that position so what I want to see is more home-grown energy in the UK.” “People were facing unaffordable energy bills and the package we presented in the energy statement, but also on the mini-budget last week – the biggest part of that is the help on energy.” We won’t see growth come through overnight. “The biggest part of the package we announced is the support on energy bills, making sure that people across this country are not facing energy bills of more than £2,500 and that businesses can get through this winter,” said Truss. “Of course that means taking controversial decision but I am prepared to do that as Prime Minister because what is important to me is that we get our economy moving, we make sure that people are able to get through this winter and we are prepared to do what it takes to make that happen.”

“We are cutting taxes across the board because we were facing the highest tax burden on Britain in 70 years, and that was causing a lack of economic growth,” ...

Liz Truss defends her government's actions, saying it acted decisively to help get the economy growing, and that the Treasury is "working closely" with the ...

That's what is not fair." She said she was "prepared to do that... "It is not fair to have a recession, it is not fair to have a town where you are not getting the investment, it is not fair if we don't get high-paying jobs in the future because we have got the highest tax burden in 70 years. [introducing a cap on the average bill of £2,500 and equivalent help for businesses](https://news.sky.com/story/energy-bills-capped-at-2-500-a-year-new-pm-liz-truss-announces-12692619) - this was announced over a week before the mini-budget and not thought to be the main reason for the market's reaction. She said the Treasury was "working closely" with the Bank of England, reiterating its independence, but claimed there were "difficult markets around the world" due to the war in Ukraine and that the problem in the UK was not homegrown. Liz Truss defends her government's actions, saying it acted decisively to help get the economy growing, and that the Treasury is "working closely" with the Bank of England - as Labour and the Lib Dems demand parliament is recalled to deal with the economic crisis.

British prime minister's comments come in face of mounting pressure for a U-turn on some policies.

The bank announced it was stepping in to buy up to £65 billion (€72.5 billion) worth of government bonds – known as gilts – at an “urgent pace” after fears over the government’s economic policies sent the pound tumbling and sparked a sell-off in the gilts market, which threatened to spark the collapse of some UK pension funds. She said the mini-budget was the “right plan”, in spite of mounting calls – including from the International Monetary Fund (IMF) – for a U-turn on some of the policies announced last Friday after the pound sunk to a record low against the US dollar on Monday. British prime minister Liz Truss has insisted her government’s tax-cutting measures are the “right plan” in the face of rising energy bills and to get the economy growing despite market turmoil sparked by the chancellor’s mini-budget.

UK Prime Minister Liz Truss has insisted her Government's tax-cutting measures are the “right plan” in the face of rising energy bills and to get the ...

“Of course that means taking controversial and difficult decisions but I am prepared to do that as prime minister because what is important to me is that we get our economy moving, we make sure that people are able to get through this winter and we are prepared to do what it takes to make that happen.” The prime minister told BBC Radio Leeds: “We had to take urgent action to get our economy growing, get Britain moving and also deal with inflation.

The prime minister continues to insist her government has taken the right action to tackle inflation, inspire growth and see off large energy bills.

Asked if she could give an example, she replied: "Not at the moment. "It is a difficult time," she said. She said she was prepared to take "controversial and difficult decisions" because "what is important to me is we get our economy moving, we make sure that people are able to get through this winter and we are prepared to do what it takes to make that happen". [where she insisted the government had "done the right thing" on the economy](https://news.sky.com/story/we-had-to-take-decisive-action-prime-minister-liz-truss-defends-economic-policies-amid-market-turmoil-12707327). [the raft of tax-cutting policies announced by her Chancellor Kwasi Kwarteng on Friday](https://news.sky.com/story/mini-budget-pm-going-for-broke-in-hope-of-winning-big-but-has-she-misjudged-the-public-mood-beth-rigby-12704071) - including scrapping the top rate of tax and reversing the rise in National Insurance, all to be paid for through borrowing - that got markets spooked. "We are facing a global economic crisis brought about by Putin's war in Ukraine, and what was right was that Britain took decisive action to help people get through what is going to be a difficult winter."

Analysis: PM's eight short interviews produced more news than a typical slot on Radio 4's Today programme.

The corporation is trying to work out a digital future for its local coverage, with BBC local radio stations reaching 7.7 million people in the latest audience figures – down 11% in the last three months alone. The absence of a camera means there is no television footage of Truss squirming – but the short, rapid nature of the interviews still made them perfect for clipping and sharing on social media and in WhatsApp groups. Why can’t you tell us this morning there won’t be a return to fracking in Lancashire?” Yet the response to Thursday’s interviews suggest there is still an appetite for local accountability journalism presented in a way modern audiences want to consume it. One benefit that local radio journalists have over reporters who deal with Downing Street on a daily basis is that they have no incentive to hold back. As presenter Rima Ahmed put it to the prime minister: “Where’ve you been?”

British prime minister insists interest rates and difficult market conditions were a global problem..

What is important is that we are putting this country on a better trajectory for the long term.” We are facing that on a global level,” she said. “We are facing difficult economic times,” she said. economy, buying up government bonds to try and halt a dramatic sell-off that put people’s pensions at risk. government has stepped in and acted at this difficult time.” “We are facing very difficult economic times.

The prime minister insists her plans will boost long-term growth, despite resulting market turmoil.

The economic backdrop is set to dominate the four-day party conference in Birmingham, Ms Truss's first since she took over as Tory leader earlier this month. But he said it would be "premature" to decide whether benefits would rise next April in line with the current inflation rate. He also said the time would allow the Office of Budget Responsibility the time to compile an assessment of the plans due to be published alongside the debt plan in November. In Darlington, Mr Kwarteng said the government remained "absolutely committed" to maintaining the pensions triple lock. That's my two top priorities." After a record fall in the value of the pound against the dollar earlier this week, the government announced it would set out a plan to cut debt in the "medium term" on 23 November. The market reaction has prompted the Bank of England to step in and buy £65bn of government debt to "It's important to do this in a way that's organised and orderly," he told the programme. Asked if his mini-budget had been an economic disaster, he said growth was vital to "pay for the public services that we want to see", adding that the measures he had set out had been But in her first public comments since the cuts to income tax were announced by the chancellor, Ms Truss said she was prepared to take "controversial and difficult decisions". He said: "We are sticking to the growth plan and we are going to help people with energy bills. The prime minister insisted "urgent action" had been required to grow the economy, and the cuts would help boost growth in the long term.

The British prime minister was lost for words at points as she faced her first round of interviews with the press following the economic fallout of the ...

The prime minister was later accused by BBC Radio Bristol’s presenter of giving the “same scripted answer” to every local radio station as she answered questions about the Bank of England’s intervention on Wednesday. Questions for the prime minister from BBC Radio Kent listeners included “What on earth were you thinking?”, “How can we ever trust the Conservatives with our economy again?” and “Are you ashamed of what you’ve done?”, the show’s presenter said. On BBC Radio Lancashire, the prime minister was unable to define what “local consent” for fracking would look like. When told by the presenter that “Norfolk needs this”, Ms Truss replied: “I am not making promises on her behalf but I will certainly be putting that case as the local MP.” Ms Truss, the MP for South West Norfolk, said: “As you know, as a local MP I have been lobbying very hard to see improvements at the Queen Elizabeth and I have seen for myself the very difficult situation with the roof. Asked by BBC Radio Norfolk whether she could guarantee that the west Norfolk town of King’s Lynn would get a new hospital, the prime minister said she would lobby Ms Coffey, her deputy prime minister.

British Prime Minister Liz Truss showed no sign of backing down on her economic policies that yesterday forced a dramatic £65bn (€73.5bn) intervention from ...

On the flip side, staying the course risks prolonging the turbulence in financial markets, as well as the resulting political fallout. “I’m very clear the government has done the right thing,” she said in a round of interview to local BBC radio stations. When asked about soaring mortgage costs, she said the central bank is responsible for interest rate decisions. In reality, Ms Truss has little room to manoeuvre. The central bank was forced to step in and buy gilts as a week of market upheaval left many pension funds facing margin calls. Since then, the IMF has urged her to reconsider her plans, which have also been publicly criticized by senior UK executives including Simon Wolfson.

Chris Patten argues that the UK government's new fiscal plan is reckless and may lead to an economic crisis.

Our children, who will be left to pay off a mountain of debt, will suffer the consequences of this government’s foolish profligacy. Instead, it seems to rely on the faith-based Reaganomics that the United States discarded years ago, in defiance of experience and available evidence. She started as a Liberal Democrat before becoming a Conservative, and she voted to remain in the European Union before championing Brexit. In the face of recession and surging prices, Prime Minister Liz Truss and her Conservative government have chosen to disregard fiscal responsibility in favor of outdated neoliberal theories, raising the risk of a full-blown economic crisis. It is no wonder that the government’s fiscal plan caused the pound to drop to its lowest level ever against the US dollar this week. The government of Conservative Prime Minister Liz Truss is neoliberal to its core.

UK Prime Minister Liz Truss faces a growing likelihood of being forced from office before the end of this year as her administration is engulfed by a ...

A bear walks into a bar and says, “I'll have a gin and……….tonic.” The bartender asks, “Why the big pause?” The bear looks down for a second and says, ...

Or maybe she will try to brazen it out as the country burns around her. In every interview, she is like a rabbit in the headlights, I think the pressure will get to her. [September 29, 2022] [September 26, 2022] Our glorious leader Liz Truss’s term in office goes from bad to worse. [September 28, 2022]

Sunak, who stood against Truss in the race to become Britain's prime minister, warned months ago that her tax-cutting policies would be disastrous for ...

housing market has been [driven to the edge of a precipice](https://www.reuters.com/world/uk/uk-housing-market-may-face-perfect-storm-mortgage-rates-rise-house-prices-drop-2022-09-28/). “I don’t think the responsible thing to do right now is launch into some unfunded spree of borrowing and more debt. voting intentions from YouGov showed this week that Truss’s Conservative party took “a severe hit” following the unveiling of the government’s tax-cutting plans. [predicted](https://www.telegraph.co.uk/politics/2022/08/09/liz-truss-rishi-sunak-tory-leadership-hustings-darlington-latest/). The opposition Labour party, YouGov said, now had the highest lead ever recorded, winning 45% of the vote versus the Conservatives’ 28%. Just weeks into her tenure as Prime Minister, Truss’s tax-cutting spree has pushed the U.K. [insisting](https://www.telegraph.co.uk/business/2022/09/27/doomster-rishi-sunak-right-trussonomics/) that Truss’s “dangerous” plans risked “making everything worse.” [warning](https://12ft.io/proxy?ref=&q=https://www.telegraph.co.uk/business/2022/09/27/doomster-rishi-sunak-right-trussonomics/) that by authorizing them she would increase borrowing to “historic and dangerous levels” and [add “fuel to the fire”](https://metro.co.uk/2022/09/26/rishi-sunak-predicted-tax-cuts-and-borrowing-would-put-fuel-on-the-fire-17451643/) of rising costs. [Boris Johnson, who resigned mid-term](https://fortune.com/2022/07/07/why-did-boris-johnson-resign-series-of-scandals-controversies-sparked-cabinet-mutiny/). under Liz Truss’s ‘fairy tale’ economics—and he was ridiculed for it [the IMF](https://fortune.com/2022/09/28/imf-criticizes-truss-uk-tax-cuts-spending-plan/). [crumbled to all-time lows](https://fortune.com/2022/09/26/why-is-pound-falling-history-george-soros-liz-truss-uk-economy/), spooked investors have [sold off $500 billion in British assets](https://fortune.com/2022/09/27/uk-stock-bond-markets-lost-500-billion-liz-truss-tenure/) and the U.K.

Exclusive: in unusual move, PM and Kwasi Kwarteng will meet fiscal watchdog after mini-budget sparked investor panic.

“The devaluation of the pound looks set to prolong inflation, even once factory gate prices ease,” he said. “The chancellor has commissioned the OBR to produce an economic and fiscal forecast which will be published on 23 November. “This is a serious situation made in Downing Street and is the direct result of the Conservative government’s reckless actions,” she said. The FTSE 100 slumped by 160 points to 6,858, matched by a similar 2.4% fall in the value of the top 500 US firms. Or was this all part of the plan on Friday?” He replied: “I don’t accept the word ‘crisis’ at all.” He said: “Unfortunately, having a partial budget, in these circumstances – tough global economy, tough financial market position, working at cross-purposes with the Bank – has led to quite dramatic moves in financial markets. It’s necessary for the numbers to add up.” “The only people who win if we divide is the Labour party,” he wrote. Veteran Tory MP Sir Charles Walker said if the poll lead was repeated at an election, the Conservatives will “cease to exist as a political party”. “This is the right plan that we have set out,” Truss told BBC Radio Norfolk. On Thursday night the OBR confirmed that it could have produced a forecast in time for the mini-budget, but was not asked to do so by Kwarteng. Alarm was spreading across the Conservative party last night after Truss ruled out any U-turns from the mini-budget and a shock YouGov poll put

After days of market turmoil and currency volatility since the “fiscal event” of the chancellor, Kwasi Kwarteng, last week, Liz Truss has run the gauntlet ...

On Radio Bristol, the segment with presenter James Hanson was titled “Liz Truss and service stations” on the BBC Sounds app, an unlikely combo. “Your chancellor on Friday opened up the stable door and spooked the horses so much that you could almost see the economy being dragged behind them,” he said. By the time of later interviews, she had begun adding the caveat “typical household bill”, suggesting someone in Downing Street had finally passed her a note explaining how her flagship energy policy worked. In the past the county council have said they didn’t want it. Of course, that means taking controversial and difficult decisions.” Below is a selection of the prime minister’s most difficult exchanges.

The move by Truss marks a significant attempt by her to repair strained UK relations with the EU, and will also be seen as an olive branch to Macron. Truss will ...

“Liz Truss has finally broken her long painful silence with a series of short painful silences," Labour Deputy Leader Angela Rayner quipped. By the numbers: ...

But her halting answers gave further fuel to the opposition. With the midterms fast approaching and lawmakers set to skip town for all of October, Congress is setting aside a lengthy list of major legislative fights for after Nov. By the numbers: Labour leads the Conservatives by a stunning 33% according to a

British Prime Minister Liz Truss has defended her economic plan that roiled financial markets, saying she's willing to make "difficult decisions" to get the ...

In her interviews Thursday, Truss was faced with questions from listeners struggling to pay their bills or forced to sell their homes because of the cost-of-living crisis. The Bank of England warned that crumbling confidence in the British economy posed a “material risk to U.K. The turmoil has seen the opposition Labour Party open up a widening lead in opinion polls. Former Bank of England chief Mark Carney said the government’s pro-growth plan was working “at cross purposes” to the central bank, which is trying to rein in inflation that’s running at 9.9 percent, near 40-year highs. Financial markets are alarmed at the inflationary impact of her policies, while polls suggest many voters see her tax cuts as chiefly benefiting the rich. But he said there was no need for the bank to call an emergency meeting to raise interest rates. The pound rose to $1.10 on Thursday, above its record low of $1.0373 on Monday. The bank, which raised its key rate to 2.25 percent last week, isn’t scheduled to meet until Nov. But it was not that decision that alarmed the markets. It stepped in amid a run on pension funds, which were forced to sell government bonds to head off worries over their solvency, which threatened severe losses to workers’ retirement funds. She spoke after the Bank of England took emergency action Wednesday to stabilize U.K. [EXPLAINER: The British pound has taken a plunge.

September 6: Officially named U.K. prime minister, a day after defeating Rishi Sunak in the Conservative leadership race. September 8: Queen dies. (There is no ...

Thanks for all the entries. It’s already rumored that Tory MPs are sending in letters calling for Truss to be removed from post, and she probably hasn’t even opened all the “congratulations on your new job” cards. And you just know that the EU is praying Giorgia Meloni equals or even betters Tittoni’s record. And maybe you tanked your own currency so badly that the Maybe you used the boss’s coffee mug. Maybe you turned up late on day one.

British prime minister Liz Truss was lost for words at points as she faced her first round of interviews with the press following the economic fallout of ...

We’ve taken action to make sure that from this weekend, people won’t be paying a typical fuel bill of more than £2,500.” Ms Truss was later accused by BBC Radio Bristol’s presenter of giving the “same scripted answer” to every local radio station as she answered questions about the Bank of England’s intervention on Wednesday. Ms Truss engaged in a lengthy pause on one occasion when asked by a local BBC radio station about the impact of her tax-cutting agenda on people’s mortgages.

It is right for a government to want to increase GDP, but it's not clear this prime minister knows how to do it.

What a contrast between the budgets announced in London and Dublin over the past week. One involved massive borrowing, triggered a run on the currency and ...

While the UK still has plenty of time to change course, a country that has endured chronic political instability, with four prime ministers in six years, is clearly in trouble. But voters should take heed of our neighbours’ fate and realise that change is not always for the better. It should not be forgotten that Argentina was once among the richest countries in the world but generations of bad political decision-making has brought it to its current sorry state. It is hard to believe that a little over a decade ago Ireland was in the throes of a financial crisis and was widely regarded as a basket case economy. By contrast the UK has travelled in the opposite direction, mainly due to one massive decision that set the country on a downward spiral – Brexit. Irish political leaders between 2008 and 2016 made the difficult choices that put the country back on the road to economic growth and prosperity.