U.K. Prime Minister Defends Tax Cuts as Market Turmoil Continues

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U.K. Prime Minister Defends Tax Cuts as Market Turmoil Continues
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British Prime Minister Liz Truss looks to reassure U.K. voters and rattled investors that her plan to cut taxes won’t lead to prolonged financial instability

reassure the British public and rattled investors

that her plan to cut taxes wouldn’t lead to prolonged financial instability, arguing in a series of interviews on Thursday that the country had been buffeted by global shocks rather than her government’s reforms and that her policies would result in faster growth. “We had to take decisive action,” Ms. Truss told the British Broadcasting Corp. in her first public comments since the tax plan was presented last Friday.

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