Truss apologizes for his “mistakes” but won’t step down

Truss apologizes for his “mistakes” but won’t step down

LONDON (Reuters) – British Prime Minister Liz Truss told the BBC on Monday she had apologized for “mistakes” in her draft budget that had panicked financial markets and seriously damaged their credibility, and said he had no intention of to resign.

“I want to take responsibility and apologize for the mistakes that have been made,” Liz Truss said.

“I wanted to do something to help people with their energy bills, to tackle the problem of high taxes, but we went too far too quickly,” she added.

Britain’s new finance secretary, Jeremy Hunt, announced on Monday that the government would reverse almost all of the tax measures announced by his predecessor, Kwasi Kwarteng, on September 23 as part of a plan to boost Britain’s economic growth.

Liz Truss told the BBC she appointed Jeremy Hunt because she was aware the Government needed to change direction.

“It would have been completely irresponsible of me not to act in the national interest in this way,” admitted the British Prime Minister. “We were right to change policy.”

Despite falling out of popularity just six weeks after arriving at 10 Downing Street, Liz Truss has pledged that she will lead the Conservative Party in the next election.

“I’m hanging on because I was elected to get results for this country,” she said. “And I intend to.”

(Report by Paul Sandle, French version Tangi Salaün)


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