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UK’s Truss: ‘We get it and we have listened’ after policy U-turn

UK’s Truss: ‘We get it and we have listened’ after policy U-turn By Reuters

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Economy 16 minutes ago (Oct 03, 2022 08:02)

© Reuters. FILE PHOTO: British Secretary of State for Foreign Affairs Liz Truss makes a statement on sanctions after Russia invaded Ukraine, in the House of Commons, London, Britain, February 28, 2022. UK Parliament/Jessica Taylor/Handout via REUTERS ATTENTION EDITO

LONDON (Reuters) – British Prime Minister Liz Truss said on Monday that the government’s focus was on “building a high growth economy”, after her finance minister reversed plans to cut the highest rate of income tax.

“We get it and we have listened,” Truss said on Twitter (NYSE:TWTR), retweeting finance minister Kwasi Kwarteng’s statement on the same.

“Our focus now is on building a high growth economy that funds world-class public services, boosts wages, and creates opportunities across the country.”

UK’s Truss: ‘We get it and we have listened’ after policy U-turn

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LONDON (Reuters) – Britain’s opposition Labour Party said on Monday the government had destroyed its economic credibility and damaged trust in the British economy, after a U-turn…

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Sterling rebounds on reversal of proposed tax cut, yen weakensBy Reuters – Oct 03, 2022

By Rae Wee SINGAPORE (Reuters) – Sterling climbed higher on Monday after British finance minister Kwasi Kwarteng said the government would reverse a plan to scrap the UK’s highest…

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