UK Prime Minister Liz Truss on Sunday conceded she should have better prepared Britain for her recent debt-fueled mini-budget, which sparked a week of market turmoil, dismal headlines and disastrous polls.
Less than a month into the job but already mired in a deep crisis, the new Tory leader insisted her controversial plans would return Britain to economic growth, as it grapples with decades-high inflation and imminent recession.
Markets tanked in response to the package, and the Bank of England staged an emergency intervention to bail out embattled pension funds, setting the stage for a difficult four-day gathering in Birmingham. "Of course, we need to bring down borrowing as a proportion of GDP over the medium term, and I have a plan to do that," the under-fire leader reiterated Sunday.
As it is, both Sunak and former prime minister Boris Johnson are reportedly staying away from Birmingham.
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