In a few short weeks, Liz Truss has ruined her reputation at home and abroad. Can she — and the UK — recover? Nightly reports👇
Britain's Prime Minister Liz Truss attends a press conference. | Daniel Leal/Pool Photo via AP, File— Not long into her tenure, British Prime Minister Liz Truss’ chancellor, Kwasi Kwarteng, unveiled a catalog of unfunded tax cuts — the largest in 50 years — as part of a “Growth Plan.”
The public won’t forgive quickly, Leonard added, citing the plummeting popularity the Tories suffered after Black Wednesday, when a 1992 collapse of the pound forced Britain to withdraw from the European Exchange Rate Mechanism. Global expectations are that U.K. macroeconomic policymaking should be at least somewhat consistent and professional — yet Truss’ policy circus and the monthslong merry-go-round of job-hopping Tories smacks of a government losing control.