UK PM defends tax cuts as market turmoil continues


LONDON—Prime Minister Liz Truss sought to reassure the British public and jolted investors that his plan to cut taxes would not lead to prolonged financial instability, saying in a series of interviews on Thursday that the country had been rocked by global shocks rather only through the reforms of his government and that his policies would result in faster growth.

“We had to take decisive action,” Ms Truss told the British Broadcasting Corp. in his first public comments since the presentation of the tax plan last Friday. The new prime minister has said she will not back down on plans for major tax cuts and spending increases, a debt-funded program that has alarmed investors.


Wj

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