British Prime Minister Liz Truss announced on Friday October 14 that she was abandoning her plan not to increase corporation tax as planned by the previous government, a new about-face on her package of economic measures, in order to "
reassure the markets
”.
“
Clearly some parts of our mini-budget were going too far too fast compared to what the markets expected
,” Liz Truss said in a very short press conference, in which she stressed the need for “
stability
" for the British economy, after having sacked its finance minister Kwasi Kwarteng.
"Determined"
She also said she was "
absolutely determined
" to carry out her policy of supporting growth, despite growing criticism, even in her own camp, against her economic strategy.
“
I am absolutely determined to deliver on the promise I made to achieve stronger growth, a more prosperous UK, and to emerge from the storm that we are going through
,” she said during a short press conference, held shortly after dismissing its finance minister, Kwasi Kwarteng, now replaced by Jeremy Hunt.
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