British Prime Minister Liz Truss has apologized for the turbulence caused by her economic policy. “I want to take responsibility and apologize for the mistakes that have been made,” Truss said in a BBC interview.
Huge tax cuts announced by her government, the financing of which remained unclear, had sent the British pound plummeting and interest rates skyrocketing. The 47-year-old admitted that the government had “gone too far too quickly”.
Truss was forced to sack her ally and Treasury Secretary Kwasi Kwarteng and replace her with veteran pragmatist Jeremy Hunt. On Monday, he announced a 180-degree turnaround in economic policy – almost nothing remains of Truss’ core promise. In the interview, she emphasized that economic stability had been restored. With a view to her political future, the head of government was optimistic: “I will lead the conservative party in the next election,” said Truss.
In fact, the politician is already under enormous pressure in her own ranks just a few weeks after taking office. First party colleagues are publicly calling for her resignation. The discussion about possible successors or new elections has picked up speed.
