Prime Minister Liz Truss has defended her government’s Mini Budget in a series of local BBC interviews this morning (29 September), showing no signs of reversal following the market turmoil that followed Friday’s announcement.
In her first comments since the Bank of England's (BoE) intervention in the gilt market yesterday, Truss defended her plans, arguing the government "had to take decisive action". The government's new fiscal policies have had significant repercussions on the UK economy, with the value of sterling sinking to a record low with the dollar and prompting the BoE to step in and enact a gilt buying operation. "This is the right plan that we have set out. Of course there will always be people who will oppose particular measures, and it is not necessarily easy, but we have to do it," Truss t...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
