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UK PM Liz Truss defends economic plan amid sterling’s volatility
short by Indraneel Sen / on Thursday, 29 September, 2022
UK PM Liz Truss has defended her economic plan as part of which unfunded tax cuts were announced, driving the sterling to record lows. Truss said, "We won’t see growth come through overnight…what is important is that we are putting this country on a better trajectory." The Bank of England took emergency measures on Wednesday to cushion the UK markets.