British Prime Minister Liz Truss moved to reassure her party and the public on Sunday that she should have done more to “improve the ground” to minimize the market reaction, which Since then, the pound has fallen to a record low and government borrowing costs have soared.
On the first day of her governing Conservative Party’s annual conference, Truss, who has been in power for less than a month, took a soft tone as she tried to reassure the public that she would look after them through the harsh winter and beyond.
But she stood by her “growth plan” that investors and economists have criticised for setting out billions of pounds of additional spending while offering very few details on how it would be paid for in the short term.
“I understand their worries about what has happened this week,” she told the BBC’s Sunday with Laura Kuenssberg show.
“I do stand by the package we announced, and I stand by the fact that we announced it quickly because we had to act, but I do accept that we should have laid the ground better,” she said.
