Many Conservative lawmakers are worried that a leader chosen for her boosterish promises of economic growth has set the party on course for defeat in the next general election
British Prime Minister Liz Truss said Sunday that she could have done a better job “laying the ground” for her package of unfunded tax cuts, but insisted she would push on with an economic plan that has caused turmoil on financial markets and weakened the country’s public finances.acknowledged that the U.K. faces “a very turbulent and stormy time,” but said her policies would lead to a “high-growth, low-tax economy” in the longer term.
“I have learned from that,” Truss told the BBC. “I will make sure in future we do a better job of laying the ground.” Many economists, and many Conservatives, say that means weeks more economic turmoil are ahead. Michael Gove, who served as a senior minister in previous Conservative governments, said the announcement “will have to be brought forward” and some parts of the economic package will have to be dropped.
Some delegates arriving for the conference in Birmingham were gloomy about the future of the party, which has been in power since 2010. Truss said she wouldn’t ditch the most unpopular part of her economic package, a decision to scrap the top 45% rate of income tax paid on earnings above 150,000 pounds a year. And she wouldn’t say whether there will have to be cuts to welfare and public services to pay for lower taxes.
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