British Prime Minister Liz Truss has apologized to her compatriots for the “mistakes made”. She assured that she wants to remain prime minister and lead the Conservatives in the next election.
Earlier in the day, her new finance minister, Jeremy Hunt, had scrapped “almost all” fiscal measures announced three weeks ago in the “mini-budget” by his predecessor, the fired Kwasi Kwarteng.
Truss acknowledged that she has gone “too far and too fast”. Her premiership of several weeks was “not perfect”, but she has “fixed” mistakes. It would have been “irresponsible” not to change course. Because of the “national interest”, she now wants to remain in her post.
Truss went on to say that she still wants to grow the UK economy, but acknowledged that things need more time. “I remain committed to the vision, but we will have to deliver it in a different way.” She remains a proponent of “low taxes and high economic growth”, but preserving economic stability was now the “priority”.
Politically weakened
The prime minister stressed that she will “continue to lead the Conservatives in the next parliamentary election”, although she has been weakened politically since the Kwarteng debacle. According to the BBC, some Conservative MPs have already discussed how to remove Truss from power.
Kwarteng’s controversial measures caused the pound to plummet and the national debt to rise. The aim was to keep energy bills affordable and to lower taxes, especially for the richest segment of the population.
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